CandleFocus Whale Transactions on Coinbase Fueling XRP’s Price Surge, Data Suggests
2024-12-05
Author: Content Editor
The price of XRP has surged by over 370% in the past month, reaching $2.4. The rise was driven by whales using the Coinbase exchange, with price premiums on Coinbase ranging from 3% to 13% during the surge. Korean exchange Upbit did not see any significant premium. XRP's surge can be attributed to multiple factors, including expectations of a pro-crypto administration under Donald Trump's recent victory in the US presidential election and the anticipated departure of SEC Chair Gary Gensler. Additionally, the potential listing of a spot XRP ETF has also boosted the price. XRP whales are playing a major role in the surge, with their activity hitting an all-time high.
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