Ripple's cryptocurrency, XRP has recently taken a beating from the market following widespread sell-off sentiment in the digital asset market. This price drop has also broken long-term expectations of gains for XRP. This downward price movement is seen by a few as a potential to increase their holdings.
Based on past data, XRP price has increased by 46% in the last 30 days. However, the prices of the largest digital assets such as Bitcoin (BTC) and Ethereum (ETH) have decreased by 4% and 17% respectively during the same period.
Meanwhile, the price of XRP has dropped around 4% in the last 24 hours. This price drop has increased the interest of the whale group. Based on Whale Alerts' indications, more than 135 million XRP have been transferred from several crypto exchanges to several unknown wallets.
In other words, over $66 million worth of XRP has been purchased by the whale wallet in the last 24 hours. u. The largest transaction recorded by the tracker was a whale that collected more than $19.1 million worth of XRP. The transaction was carried out on the Bitstamp crypto exchange.
Whale Alert also reported that around 122 million XRP were transferred from some unknown wallet to another. Meanwhile, $10.7 million worth of XRP was transferred from the whale's wallet to the Bitstamp crypto exchange for sale.
XRP is so far trading at an average price of $0.47 at the time of writing. The 24-hour trading volume has decreased by 52% to $1.02 billion.
Despite lingering legal issues with the SEC, Ripple's XRP still manages to remain in the top 10 digital currencies list. However, the recent decision in the lawsuit gives a positive indication on Ripple. It has increased investor sentiment in favor of XRP.
