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Ripple’s $85M XRP Transfer and Whale Dumps Trigger 6% Price Surge
The post Ripple’s $85M XRP Transfer and Whale Dumps Trigger 6% Price Surge appeared on BitcoinEthereumNews.com. Ripple transactions worth $85 million stir up the crypto market. Whale data reveals significant XRP sell-offs on major exchanges. Despite this, XRP sees a notable 6% price increase today. Ripple’s $85M XRP Move Sparks Investor Interest Amid Price Surge Ripple Executes Major XRP Transfer Amid Market Buzz The American blockchain payments company Ripple created quite a stir in the crypto market on Friday with an enormous transfer of 150 million XRP valued at $85 million. This significant movement coincides with a remarkable 6% surge in XRP’s price, generating widespread enthusiasm among investors. Alongside, recent developments within the community have further fueled optimism around the coin’s market trajectory. Whale Activity and Market Reactions According to Whale Alert’s on-chain analytics, dated September 13, Ripple transferred a staggering 150 million XRP to an unknown wallet address, causing widespread discussions among the global crypto community. This transfer, happening concurrently with the launch of the new Grayscale XRP trust, suggests a robust wave of investor interest. Meanwhile, a well-known whale address dumped 43.3 million XRP tokens, amounting to $24.34 million, to prominent exchanges like Bitstamp and Bitso. Despite this considerable sell-off, the token’s price has surged approximately 6% today. This price movement, juxtaposed with the whale transactions, indicates a complex but promising market scenario for XRP. Coin Price Surge Amid Broader Market Trends In a striking defiance of broader market trends, Ripple’s XRP price soared nearly 6% in the past 24 hours, currently hovering around $0.5699. The coin’s price fluctuated between an intraday low of $0.5355 and a peak of $0.5809. Interestingly, today’s 24-hour trading volume for XRP registered an astounding 109% increase. Futures Market and Derivatives Volume Spike Further insights from Coinglass showcased a 7% rise in XRP futures open interest (OI), reaching $642.02 million. Simultaneously, XRP’s derivatives volume surged by an eye-popping 327.22%,…
The post Ripple’s $85M XRP Transfer and Whale Dumps Trigger 6% Price Surge appeared on BitcoinEthereumNews.com.
Ripple transactions worth $85 million stir up the crypto market. Whale data reveals significant XRP sell-offs on major exchanges. Despite this, XRP sees a notable 6% price increase today. Ripple’s $85M XRP Move Sparks Investor Interest Amid Price Surge Ripple Executes Major XRP Transfer Amid Market Buzz The American blockchain payments company Ripple created quite a stir in the crypto market on Friday with an enormous transfer of 150 million XRP valued at $85 million. This significant movement coincides with a remarkable 6% surge in XRP’s price, generating widespread enthusiasm among investors. Alongside, recent developments within the community have further fueled optimism around the coin’s market trajectory. Whale Activity and Market Reactions According to Whale Alert’s on-chain analytics, dated September 13, Ripple transferred a staggering 150 million XRP to an unknown wallet address, causing widespread discussions among the global crypto community. This transfer, happening concurrently with the launch of the new Grayscale XRP trust, suggests a robust wave of investor interest. Meanwhile, a well-known whale address dumped 43.3 million XRP tokens, amounting to $24.34 million, to prominent exchanges like Bitstamp and Bitso. Despite this considerable sell-off, the token’s price has surged approximately 6% today. This price movement, juxtaposed with the whale transactions, indicates a complex but promising market scenario for XRP. Coin Price Surge Amid Broader Market Trends In a striking defiance of broader market trends, Ripple’s XRP price soared nearly 6% in the past 24 hours, currently hovering around $0.5699. The coin’s price fluctuated between an intraday low of $0.5355 and a peak of $0.5809. Interestingly, today’s 24-hour trading volume for XRP registered an astounding 109% increase. Futures Market and Derivatives Volume Spike Further insights from Coinglass showcased a 7% rise in XRP futures open interest (OI), reaching $642.02 million. Simultaneously, XRP’s derivatives volume surged by an eye-popping 327.22%,…
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