XRP Whale Moves $782M, $7.3B Volume Sparks Breakout Hopes
The post XRP Whale Moves $782M, $7.3B Volume Sparks Breakout Hopes appeared on BitcoinEthereumNews.com. Key Notes Two whale transfers totaling 370M XRP spark speculation of Ripple’s strategic shift. XRP jumped 10.45% as trading volume hits $7.3B. Technicals hint at a rally toward $3.29 if resistance at $2.66 and $2.83 is broken. The XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B market is witnessing renewed momentum following two massive whale transactions totaling 370 million tokens, alongside a surge in on-chain activity on the XRP Ledger. According to XRPSCAN data, the first week of May saw over one million on-chain transactions, driven predominantly by payment activity. Meanwhile, XRP trades at $2.60, up 10.45% in the past 24 hours while the trading volume of the digital asset soared 61.47% to $7.3 billion, suggesting increased demand from market participants. Whale Transfers Signal Strategic Positioning On May 12, blockchain tracker Whale Alert reported two significant XRP transfers. The first involved 70 million XRP, valued at approximately $148.3 million, sent from an unknown wallet. The second, a far larger transaction of 300 million XRP, worth around $633.7 million, originated from a Ripple-controlled wallet and was sent to another unidentified address.
The post XRP Whale Moves $782M, $7.3B Volume Sparks Breakout Hopes appeared on BitcoinEthereumNews.com.
Key Notes Two whale transfers totaling 370M XRP spark speculation of Ripple’s strategic shift. XRP jumped 10.45% as trading volume hits $7.3B. Technicals hint at a rally toward $3.29 if resistance at $2.66 and $2.83 is broken. The XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B market is witnessing renewed momentum following two massive whale transactions totaling 370 million tokens, alongside a surge in on-chain activity on the XRP Ledger. According to XRPSCAN data, the first week of May saw over one million on-chain transactions, driven predominantly by payment activity. Meanwhile, XRP trades at $2.60, up 10.45% in the past 24 hours while the trading volume of the digital asset soared 61.47% to $7.3 billion, suggesting increased demand from market participants. Whale Transfers Signal Strategic Positioning On May 12, blockchain tracker Whale Alert reported two significant XRP transfers. The first involved 70 million XRP, valued at approximately $148.3 million, sent from an unknown wallet. The second, a far larger transaction of 300 million XRP, worth around $633.7 million, originated from a Ripple-controlled wallet and was sent to another unidentified address.
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