XRP, the native token of Ripple, is currently consolidating near a crucial level and has attracted attention from whales and traders. A significant 25 million XRP, worth $36.67 million, has been transferred by a crypto whale from Upbit exchange, indicating potential buying opportunities. XRP's supply on major exchanges has been declining, potentially due to institutional interest in an XRP exchange-traded fund. Whales and institutions have transferred 500 million XRP tokens, showing buying pressure. XRP's price has increased by 185% since Donald Trump's victory in the US. XRP is currently trading near $1.47 and could see a breakout if it closes above $1.55, possibly reaching $2 in the coming days.
- Content Editor ( coinpedia.org )
- 2024-11-28
XRP Price Set to Explode? Whale Moves $36.67M in Tokens