{"id":73526,"date":"2024-03-13T02:36:58","date_gmt":"2024-03-13T06:36:58","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=73526"},"modified":"2024-03-13T02:37:30","modified_gmt":"2024-03-13T06:37:30","slug":"xrp-whales-move-118-mln-coins-price-nears-0-7","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/xrp-whales-move-118-mln-coins-price-nears-0-7\/","title":{"rendered":"XRP Whales Move 118 Mln Coins, Price\u00a0Nears\u00a0$0.7"},"content":{"rendered":"\n

Ripple-backed XRP<\/a> has\u00a0witnessed enormous whale transactions today, sparking speculations regarding future pumps as the XRP price surged.<\/p>\n\n\n\n

\"XRP<\/figure>\n\n\n\n

Following\u00a0a month in which XRP\u00a0price surged by approximately 30%, a significant increase in whale activity seems to capture the attention of crypto market participants and investors worldwide.<\/p>\n\n\n\n

As the Ripple-backed token advances toward the $0.7 mark, this burgeoning whale activity that hovers over the crypto horizon spawned a tidal surge of speculation for XRP throughout the vast ocean of crypto.<\/p>\n\n\n\n

XRP Whale Activity Sparks Optimism<\/h2>\n\n\n\n

Based on the findings presented by Whale Alert, a blockchain tracking platform, XRP has observed six substantial whale transactions involving the transfer of 117.92 million coins in the past 24 hours.<\/p>\n\n\n\n

Five of these transactions involved enormous accumulations from Binance<\/a>, the world's\u00a0leading crypto\u00a0exchange, while one involved a substantial transfer to Bitstamp, a Luxembourg City-based CEX.<\/p>\n\n\n\n

Meanwhile, a significant number of whale addresses accumulated 95.2 million XRP from Binance collectively, while a well-known XRP whale transferred 22.6 million XRP to Bitstamp.<\/p>\n\n\n\n

The enormous accumulations in question attracted significant interest from crypto market investors worldwide, suggesting that whales have gained additional confidence in the Ripple-backed digital asset.<\/p>\n\n\n\n

However,  the renowned XRP whale's dump to Bitstamp has emerged as a recurring occurrence since Ripple's strategic stake acquisition in the CEX, indicating an effort to regulate the token's supply.<\/p>\n\n\n\n

With XRP recording exceptional monthly and weekly gains, according to CoinMarketCap data, these accumulations aligned with market expectations for the Ripple-backed token.<\/p>\n\n\n\n

XRP Price Increases<\/h2>\n\n\n\n

At the time of writing, the XRP price has increased by 0.39% in the past 24 hours and is currently trading at $0.6966.<\/p>\n\n\n\n

Meanwhile, consisting of a monthly increase of 31.29% and a weekly increase of 18.30%, the token maintained its ascent toward the $0.7 mark, generating a deluge of bullish sentiment in anticipation of a possible run to the $1 mark as well.<\/p>\n\n\n\n

As observed earlier, increased on-chain whale activity primarily displays accumulations; consequently, market experts speculate regarding future token injections.<\/p>\n\n\n\n

Nonetheless, derivatives data\u00a0disclosed by Coinglass\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> suggested a possible impending consolidation phase, as open interest and volume fell 1.83% and 33.25%, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ripple-backed XRP has\u00a0witnessed enormous whale transactions today, sparking speculations regarding future pumps as the XRP price surged. Following\u00a0a month in which XRP\u00a0price surged by approximately 30%, a significant increase in whale activity seems to capture the attention of crypto market participants and investors worldwide. As the Ripple-backed token advances toward the $0.7 mark, this burgeoning […]<\/p>\n","protected":false},"author":56,"featured_media":73534,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[16008,146],"class_list":["post-73526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-xrp-whales","tag-xrp"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/03\/Xrp-1-1-1.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=73526"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/73526\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/73534"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=73526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=73526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=73526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}