đ Whales Accumulate $290M in $XRP : A Buying Opportunity?
XRP surged 270% since 2017, outperforming Bitcoin, Ethereum, and Solana, ranking fifth on CoinMarketCap.
Whales moved $290.6M worth of XRP within 24 hours, reflecting growing confidence and bullish market sentiment.
XRPâs price gained 18%, nearing its ATH, but overbought RSI suggests a potential correction ahead.
Rippleâs native token, XRP, is making significant strides in the cryptocurrency market. Recently, the token has outperformed leading cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). XRPâs price has surged over 270% since Donald Trump assumed the U.S. presidency, securing its position as one of the top-performing cryptocurrencies among the top 10 by market capitalization.
đŹ 20,000,000 #XRP (37,865,010 USD) transferred from #Upbit to unknown wallet â Whale Alert (@whale_alert) December 1, 2024
đž #XRP Surpasses Competitors Amid Rally
Amid the ongoing rally, XRP surpassed Binance Coin (BNB) and Dogecoin (DOGE), highlighting its robust performance. Currently, it ranks fifth on CoinMarketCap, closely trailing Solana (SOL) in the fourth spot. This surge in activity is fueled by growing interest from whales and traders, who exhibit strong confidence in XRPâs potential.
Recently, a post by Whale Alert revealed that whales moved 154.46 million XRP tokens worth $290.6 million within 24 hours. These substantial withdrawals occurred across major cryptocurrency exchanges such as Binance, Bybit, and Bithumb. Analysts interpret this large-scale movement as a sign of growing market confidence in XRP.
đž Significant Price Increase Reflects Bullish Sentiment
Consequently, XRP experienced an 18% intraday price increase during this rally, reaching a high of $1.9403. Although it later adjusted to $1.88, the token maintained an impressive 11.15% gain within the past 24 hours. Additionally, XRPâs trading volume rose by 25% during the same period, reflecting increased participation from investors driven by bullish sentiment.