Ripple’s XRP The coin recorded two significant whale transfers in the broader crypto market during the price rally. Following this move, there was a speculative activity today. According to information disclosed by blockchain monitoring platform Whale Alert, today’s whale transfers attracted global attention by collectively showcasing approximately 47 million XRP being moved to two different crypto exchanges.
XRP’s price action showed a significant upward move at the time of writing. This was remarkable despite the market’s overall declines. Derivative data shows that with the price increasing inversely proportional to whale transfers, altcoin It gave an upward trend signal for .
Especially, XRP Its price already rose during whale transfers and continued to rise even after it was transferred to the exchanges. Famous crypto market analyst Cryptoes took this bullish thought even further and evaluated XRP’s volatility today and used the phrase “From XRP to the North”.
XRP Whale Event
According to data provided by blockchain tracking platform Whale Alert, a total of 47.4 million XRP was transferred to CEXs Bitstamp and Bitso today (February 15). It was determined that these transfers were carried out by …Rzn, an unknown wallet address. In particular, it was observed that the same wallet address had previously moved similar amounts of XRP to these exchanges. These transfers gain significance as a recurring trend after Ripple acquired strategic stakes in Bitstamp and Bitso.
Meanwhile, derivatives data provided by Coinglass shows that XRP recorded a significant increase in open interest of 5.71%, reaching $652.21 million. These data also indicate the inflow of new money into the market and show that there is an upward trend in parallel with today’s price increase.
XRP Price Rising
Koinfinans.com As we reported, at the time of writing this news, the XRP price has recorded a significant increase of 5.60% in the last 24 hours. It is currently trading at $0.5543. The token’s sudden rise past the $0.55 level has sparked huge interest in the global crypto community after leading analysts recently saw a bullish trend in XRP.
Meanwhile, the token’s 24-hour volume and market cap also rose noticeably, increasing by 44.49% and 5.59% respectively.
