Top Exchanges Shifts XRP As Whales Purchase XRP On Dip https://ift.tt/3ywqIWM

Ripple (XRP) is one among the top 10 cryptocurrencies in the industry generating more features from its ecosystem. According to Whale alert, three large crypto exchanges have performed many transactions shifting around 89.2 million XRP. On the other hand, as XRP’s price value drops, whales are using this opportunity to purchase XRP. 

Over the past day, the top exchanges Binance, HitBTC, and Bithumb have made five transactions where the sum is nearly 90 million XRP. This total XRP tokens equals $73,395,729 in fiat. Significantly, Binance has made three transactions to Gopax exchange, Seoul-based, where the transactions are 20,12, 15.6 million XRP each. Bithumb, a popular Korean site, has also shifted 20 million XRP tokens. HitBTC sent Binance a total of 21,672,003 coins.

XRP Remains Up Despite SEC Issues

The United States SEC has already filed a complaint against Ripple Labs last December claiming that they sell XRP to institutional investors as unregistered securities. As a result, XRP’s price dropped and major exchanges even suspended XRP trading on their platforms. Some exchanges include Coinbase, Binance US, Bitstamp, and other platforms.

However, despite the battle between Ripple and SEC, XRP remained to stay up 60% this year. This seems to be satisfying for XRP holders as the token managed to remain up in spite of this major issue.

At the time of writing, XRP was trading at $0.8197 with a trading volume of $2,829,945,890 in the past 24-hours. Moreover, XRP shows a 3.23% gain which tapped $0.839 earlier today but now dipping slightly.

Despite the fact that XRP is falling in value, whales continue to buy the dip. The number of wallets holding 1 million to 10 million XRP has climbed by 6% in the last three months. According to data from the Santiment data aggregator, these wallets now own 3.21 billion XRP currencies.