XRP Price Runs Toward $0.63 Mark Amid Whale Moving 43 Mln XRP
Release: 2023/12/14 15:31 Reading: 342
XRP, one of the top five cryptocurrencies by market cap, sparked immense curiosity within the crypto realm as the token noted noteworthy whale transactions on Thursday. Moreover, whale transactions amid the price upswing indicated by the token today birthed a cyclone of speculations across the broader crypto market.
In alignment with the price jump witnessed by the Ripple-backed cryptocurrency, a prominent crypto analyst also conveyed opinions on the token’s market performance.
XRP Whale Transfers Funds To CEXs
Whale Alert, a platform offering blockchain data, unveiled two substantial XRP whale transactions today, December 14.
According to the data, an unknown wallet transferred 42.8 million XRP to two different CEXs, Bitstamp and Bitso. The anonymous wallet, r4wf7enWPx…5XgwHh4Rzn, moved 24.6 million XRP to Bitstamp, while in another transfer, moved 18.2 million XRP to Bitso. The amount of tokens transferred to Bitstamp totaled $15.28 million, while the transfer to Bitso was evaluated as $11.30 million.
XRP transfers to Bitstamp and Bitso seem to have emerged as a recurring phenomenon ever since the CEXs announced plans to partner with Ripple Labs, the company behind XRP.
In addition, the aforestated whale transactions come amid the price jump witnessed by the token in the past 24 hours. Simultaneously, these transactions created a tidal wave of speculations among crypto market enthusiasts as the token once again surpassed the $0.62 mark.
Also read: Russia Plans to Export Crypto Like Natural Gas, Will They Legalize It?
Price Jumps Beyond The $0.62 Mark
As of writing, the XRP price recorded a marginal jump of 2.87%, currently trading at $0.6245. Although a slight increase, the price trajectory appears to be gaining significant traction within the broader crypto market as the token recently traded as low as $0.5989.
Moreover, XRP’s price bump was further accompanied by a slight increase of 2.89% in the token’s market cap.
However, a renowned crypto analyst further stressed the marginal jump witnessed by the Ripple-backed cryptocurrency. The analyst, Cryptoes, conveyed how the closing portrayed by XRP was less convincing, hovering just above the 21MA. He further stressed how the market impact illustrated by the token remained of minor importance.
Besides, amid the weekly down surge and monthly drop witnessed by the token, the current rise appears to have gained noteworthy interest.
Also read: Crypto Prices Today: BTC, Pepe Coin, BONK Rally After FOMC
The post XRP Price Runs Toward $0.63 Mark Amid Whale Moving 43 Mln XRP appeared first on CoinGape.
Recent news
More>- Trump’s Revolution Solana Memecoin Will Surge 13,000% Before First Exchange Listing, As Shiba Inu and DOGE Lag 11-23
- Enormous XRP Breakthrough: $2 in Sight, Dogecoin (DOGE) at Pivotal Price Level, Ethereum (ETH) Forms Very Dangerous Pattern 11-23
- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 11-23
- Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025 (22 Nov) 11-23
- New Solana Memecoin Shiba Eats Pepe to Skyrocket 16,000% Before Exchange Listing, as Dogecoin and Bonk Fall 11-23
- Top Trader Calls Dogecoin Budget XRP — Here's Why 11-23
- PNUT, WIF, PEPE Defy the Odds: How High Can These Memecoins Climb? 11-23
- $1k in Dogecoin in 2021 Worth $200,000 Today, Analyst Points to a New Opportunity to Repeat It 11-23
- $440 in Dogecoin (DOGE) Could Turn Into $44000 by November 2025, But One DOGE Alternative Will Do It in 8 Weeks: Surprisingly, It’s Not Shib... 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com