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$XRP
Ripple (XRP)
Finally, crypto whales have also been buying Ripple (XRP) in large quantities this week. These large accumulations could be linked to Robinhood’s decision to list the coin as the US market seeks regulatory clarity on cryptocurrencies. Furthermore, speculation that SEC Chairman Gary Gensler may resign has also sparked the accumulation.
For example, on November 12, the XRP held by the 1-10 million pool was 3.82 billion. On the same day, the 10-100 million pool was holding around 6.79 billion XRP. However, at the time of writing, the numbers have risen to 3.97 billion and 6.95 billion, respectively. This means that crypto whales have bought a total of 310 million coins, worth around $267 million.
As a result, the price of XRP has increased by 59% over the past week and is currently trading at $0.91. If whales continue to pump money into it, the price may approach $1. Otherwise, it may decline.
Ripple (XRP)
Finally, crypto whales have also been buying Ripple (XRP) in large quantities this week. These large accumulations could be linked to Robinhood’s decision to list the coin as the US market seeks regulatory clarity on cryptocurrencies. Furthermore, speculation that SEC Chairman Gary Gensler may resign has also sparked the accumulation.
For example, on November 12, the XRP held by the 1-10 million pool was 3.82 billion. On the same day, the 10-100 million pool was holding around 6.79 billion XRP. However, at the time of writing, the numbers have risen to 3.97 billion and 6.95 billion, respectively. This means that crypto whales have bought a total of 310 million coins, worth around $267 million.
As a result, the price of XRP has increased by 59% over the past week and is currently trading at $0.91. If whales continue to pump money into it, the price may approach $1. Otherwise, it may decline.
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XRP
1.1512
+31.40%
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