As the market continues its uptrend, activity in XRP, one of the most followed altcoins, persists. In the last 24 hours, there has been an increase in activity from XRP whales. Following the token’s breach of the $0.6 level this month, the transactions carried out by whales have started to become more noticeable.
Transactions of XRP Whales
On the other hand, lawyer BillMorgan, known for his proximity to XRP, made a statement predicting that XRP will reach a new ATH by 2024, which has drawn attention. The movements in the market were occurring in a manner that supports the lawyer’s statement, coinciding with the rise of Bitcoin.
Additionally, according to data from 21milyon.com, the token experienced a 3% increase today, showing a price movement contrary to the whale’s exchange transfer activities.
Information provided by Whale Alert indicates that in the last 24 hours, four transactions moved $48.95 million worth of XRP. Three of these transactions took place specifically with Binance, while one involved a large XRP transfer to CEX Bitstamp.
In the transactions related to Binance, 55.88 million XRP worth $33.92 million were involved. In the transfers to Bitstamp, 24.44 million XRP valued at $15.03 million were moved to the exchange.
The SEC’s recent decision not to object to the ruling that XRP is not a security is fueling optimism about the resolution of the ongoing Ripple Vs. SEC case in the market. Meanwhile, XRP was beginning to show a positive trend at the time of writing.
XRP Price Outlook
At the time of writing, XRP’s price experienced a drop of less than 1% in the last 24 hours, trading at $0.6225. With an approximate 15% increase over the last month, the token has continued its modest but noticeable upward trend, surpassing the $0.6 level at the beginning of March.
XRP’s 24-hour trading volume also saw a 45% increase during this period, surpassing $2 billion, indicating high investor interest.
Two analysts who have made notable comments about XRP, Egrag Crypto and Dark Defender, continue to express optimistic views about XRP reaching $1, reinforcing investor confidence as it parallels market movements.
