Whale Alert: 100,000,000 XRP Transferred From Unknown Wallet to Bithumb
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- XRP is down 4.00% in the last 24 hours.
- XRP’s price has risen by 32% in the last seven days, according to CoinMarketCap.
Since the beginning of February, there has been an increase in XRP transfer activity when whales began shifting significant quantities of the cryptocurrency. A total of about 100,000,000 XRP were transferred from the Unknown wallet to the Bithumb platform today. A blockchain analytics business, Whale Alert, has revealed data indicating that the transfer was completed on February 11, 2022, at 06:16:31 UTC.
XRP’s price has risen by 32% in the last seven days, according to CoinMarketCap. Due to its excellent performance over the previous six days, XRP has ended up among the weekly leaders. On February 4, XRP’s price started to rise following a long-stagnant movement in January.
Read More: XRP Price Prediction
XRP Surpasses Major Altcoins
Due to optimism around the current legal fight with the US Securities and Exchange Commission (SEC), the XRP price increased by about 56% to hit highs of $0.91 on February 8. According to the regulator, Ripple offered XRP as an unlawful form of investment. XRP topped Cardano and Solana to become the sixth most valuable cryptocurrency in terms of market cap on CoinMarketCap.com.
After reaching a resistance level of $0.916, XRP took a swing to the downside. After entering at $0.58, some bulls realized considerable gains. CPI data from the United States sparked a dip in the price of Bitcoin (BTC) and other key cryptocurrencies. Analysts had predicted a 0.6% rise in the CPI for the month before.
According to CoinMarketCap, the XRP price today is $0.820329 USD with a 24-hour trading volume of $3,467,439,414 USD. XRP is down 4.00% in the last 24 hours.
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