This week, Ripple Whales were in full force. More than $136 million worth of XRP was moving. It also caused a price rise of more that 4%. The asset is a good example of this, as the price surge has occurred over the past week. CoinMarketCap. It hasn’t been enough, however, to take the asset above the $0.52 threshold.
The crypto tracking platform Whale AlertXRP has been traded on many exchanges. Some speculate that the legal dispute with the US Securities and Exchange Commission will intensify the selling pressure. next phase.
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Ripple continues to fight as more than 243 million XRP moves
Ripple had been a hot topic in digital assets markets. It was ready to put an end to its battle against the SEC. Its importance on the market also gave it a huge potential. Recent activity, although it’s not a booming industry yet, has created a fascinating narrative.
In the past 24 hours there has been an abundance of whale trades. Ripple’s price is up more than 4 percent in the last 7 days, and investors have seen more than $136 millions on the move.
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In the biggest transaction, more than $100 million in XRP was exchanged for $53,000,000. A platform observed other transactions with a cumulative total of more than 253 million XRP. This movement, however, has had no positive impact on the price.
Over the last 24-hours, trading volumes have dropped more than 14%. Price is also struggling to keep the $0.52 level. In a recent development, the ongoing SEC dispute has moved into a new stage. The presiding Judge granted the SEC an extension for its response.
There’s still some hope for XRP but it is not a good investment. next This week is crucial. Investors are looking for any signs of an upward trend. Since Bitcoin’s halving, XRP failed to capitalise on this anticipation by delivering positive performance. The asset will certainly be interested to see what it does in May.
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Source: watcher.guru
