XRP’s
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#BTC.😉. BNB$BNB Here’s a tweet-sized update on the crypto world:
🚀 #CryptoMarket surges! #Bitcoin nears $72k, as #XRP’s AMM sparks talks of passive income. 📈 Former President Trump hints at a crypto-friendly future. Will the bulls keep running? 🐂💨 #CryptoNews”
🚀 #CryptoMarket surges! #Bitcoin nears $72k, as #XRP’s AMM sparks talks of passive income. 📈 Former President Trump hints at a crypto-friendly future. Will the bulls keep running? 🐂💨 #CryptoNews”
XRP’s drop from $0.62 to $0.41 this week appears to have caught the attention of whales.
#XRP’s drop from $0.62 to $0.41 this week appears to have caught the attention of whales.
Amid the downturn, these big players in the crypto market have seized the opportunity to accumulate the cryptocurrency that currently stands in seventh position by market cap.
XRP’s Whale Activity Intensifies
According to the latest findings by popular analyst Ali Martinez, over 31 million XRP was bought in just the past week alone. This sudden surge in whale activity suggests a bullish sentiment towards the asset, indicating that investors see potential for a rebound in its value.
XRP saw a relatively stable start to the day, surging by a modest 2% during the same period as it pushed past $0.54. The price action extended weekly gains to 11.30%.
Amidst Ripple and the Securities and Exchange Commission’s (SEC) legal battle, XRP has been seeing significant whale activity.
With XRP jumping ahead of the altcoin pack, market intelligence platform Santiment revealed an increase in the number of XRP wallets holding at least a million coins, with a surge of 3.1% observed over the past six weeks. This uptick in large XRP holdings suggests growing interest and confidence among investors.
Ripple vs. SEC
Ripple Labs has opposed the SEC proposal for nearly a $2 billion fine against the company. In their filing on Monday, the blockchain entity argued against the SEC’s request for an injunction, disgorgement, and pre-judgment interest stating that the penalty should not exceed $10 million.
The SEC had previously proposed a fine of $1.95 billion, comprising $876 million in disgorgement, $198 million in prejudgment interest, and a $876 million civil penalty.
$XRP
Amid the downturn, these big players in the crypto market have seized the opportunity to accumulate the cryptocurrency that currently stands in seventh position by market cap.
XRP’s Whale Activity Intensifies
According to the latest findings by popular analyst Ali Martinez, over 31 million XRP was bought in just the past week alone. This sudden surge in whale activity suggests a bullish sentiment towards the asset, indicating that investors see potential for a rebound in its value.
XRP saw a relatively stable start to the day, surging by a modest 2% during the same period as it pushed past $0.54. The price action extended weekly gains to 11.30%.
Amidst Ripple and the Securities and Exchange Commission’s (SEC) legal battle, XRP has been seeing significant whale activity.
With XRP jumping ahead of the altcoin pack, market intelligence platform Santiment revealed an increase in the number of XRP wallets holding at least a million coins, with a surge of 3.1% observed over the past six weeks. This uptick in large XRP holdings suggests growing interest and confidence among investors.
Ripple vs. SEC
Ripple Labs has opposed the SEC proposal for nearly a $2 billion fine against the company. In their filing on Monday, the blockchain entity argued against the SEC’s request for an injunction, disgorgement, and pre-judgment interest stating that the penalty should not exceed $10 million.
The SEC had previously proposed a fine of $1.95 billion, comprising $876 million in disgorgement, $198 million in prejudgment interest, and a $876 million civil penalty.
$XRP
On-chain metrics
According to the data from the on-chain analytic firm CryptoQuant, #XRP’s exchange reserve was at its lowest level, which potentially supported this bullish outlook.
A decline in exchange reserves or a lower level indicated that investors or whales were accumulating tokens from the exchanges, leading to a continuous decrease in reserves.
Additionally, CryptoQuant’s XRP exchange inflow was comparatively lower than on other days, indicating a buying opportunity.
Currently, the major liquidation levels are near $0.555 on the lower side and $0.59 on the upper side, as traders are over-leveraged at these levels, according to the CoinGlass data.
If the market sentiment changes and the XRP price rises to the $0.59 level, nearly $6.8 million worth of short positions will be liquidated.
$XRP
#BinanceBlockchainWeek
A decline in exchange reserves or a lower level indicated that investors or whales were accumulating tokens from the exchanges, leading to a continuous decrease in reserves.
Additionally, CryptoQuant’s XRP exchange inflow was comparatively lower than on other days, indicating a buying opportunity.
Currently, the major liquidation levels are near $0.555 on the lower side and $0.59 on the upper side, as traders are over-leveraged at these levels, according to the CoinGlass data.
If the market sentiment changes and the XRP price rises to the $0.59 level, nearly $6.8 million worth of short positions will be liquidated.
$XRP
#BinanceBlockchainWeek