Large XRP Whale Transfers 77 Million in Recent Transactions – Signaling a Price Surge?

Crypto News– In a recent noteworthy transaction, cryptocurrency whales orchestrated a substantial transfer involving millions of XRP tokens, with a total value exceeding $27 million, destined for undisclosed wallets. This transaction occurred on October 30 and was executed by one of the major exchanges in the crypto space, Crypto.com.

Large XRP Whale Transfers 77 Million in Recent Transactions – Signaling a Price Surge?

Simultaneously, on the same day, another substantial transaction took place as an anonymous wallet sent a significant sum of XRP to Bitstamp, as meticulously observed by Whale Alert, a renowned cryptocurrency tracking platform. The data from Whale Alert highlights the substantial movement of XRP tokens across two prominent exchanges within the past few hours.

As per the insights provided by Whale Alert, a massive 50 million XRP tokens were moved from Crypto.com to an undisclosed wallet, reflecting a total value of approximately $27.6 million at the time of the transfer.

Furthermore, in another transaction, Whale Alert reported that an unidentified account initiated the movement of 26.7 million XRP, equating to a value of approximately $14.82 million, toward Bitstamp.

XRP Price and Market Analysis

As of the latest data available, the XRP price is currently trading at $0.5597, reflecting a 0.83% increase over the past 24 hours. What’s more, there has been a substantial uptick in its one-day trading volume, which has surged by an impressive 53.98%, now standing at $849.36 million. XRP’s live market capitalization has reached $29.82 billion, marking a 0.82% increase compared to the previous day.

Over the last seven days, XRP has demonstrated notable price strength, with a significant surge of over 5% at its current price.