- Whales accumulate 52 million XRP worth $22.9 million in 3 weeks.
- XRP’s value surges by 2.56% in the past 24 hours.
- XRP’s trading volume surges over 3%, currently holding 6th in market cap.
Renowned cryptocurrency analyst Ali took to Twitter yesterday to shed light on whales’ recent Ripple (XRP) accumulation. Ali pointed out that this trend in the post could signify a strong bullish sentiment towards the remittance token among these influential market players.
In his insightful post, the analyst drew attention to the latest data gathered by the esteemed market intelligence firm, Santiment. The findings revealed that whales have been on a buying spree, acquiring a staggering 52 million XRP in just three weeks. The total value of these purchases was estimated to be a whopping $22.9 million. These figures serve as a testament to the growing interest and confidence in XRP among the big players in the market.
According to the latest update, XRP is among the cryptocurrencies that have experienced a positive trading day. As per CoinMarketCap’s data, the altcoin’s value has surged by 2.56% in the past 24 hours, currently standing at approximately $0.4741. This puts the crypto near its daily high of $0.4777 instead of its 24-hour low of $0.4607.
XRP’s price surge has successfully turned the tide, pushing its weekly performance into the green with a total gain of 1.65%. This impressive feat has also bolstered the altcoin’s position against the market leaders, Bitcoin (BTC) and Ethereum (ETH), with a notable increase of 1.54% and 1.46%, respectively. These positive developments are a testament to XRP’s growing strength and resilience in the ever-evolving cryptocurrency landscape.
Over the last 24 hours, XRP has seen a notable uptick in trading volume, with a surge of over 3%, bringing the total to $881,622,249 at the time of writing. With a market cap of $24,584,779,656, XRP currently holds 6th in the crypto market capitalization rankings, nestled between USD Coin (USDC) and Cardano (ADA). These figures indicate a strong performance for XRP, highlighting its continued relevance and appeal to investors.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
