- XRP is down 27.56% in the last 24 hours.
- In this week three significant XRP transactions took place in the market.
The cryptocurrency market is now facing Bearishness and the market lost over 50% of the volume from the all-time high market volume of $3 trillion. Currently the crypto market capitalization volume is around $1.18 trillion. Whales are using this opportunity to accumulate the top cryptocurrencies.
However, a few currencies in the market are attempting to recoup from their losses, while others are under freefall; XRP is among them. In the last 24 hours, XRP has lost 27.56% of its value.
Since the beginning of the year, the number of active XRP users on-chain has been steadily decreasing. XRP’s on-chain activity has fallen from 243.8k to less than 100k users in the last week, but now it jumped to 102k yesterday.
Whale Target On XRP
XRP holders, on the other hand, are still losing 63.34 percent of their XRP supply after more than a year of faithfully holding on to it. Furthermore, Whale Alert examines and interprets data from many blockchains before being stored in a single standard format.
This week three significant XRP transactions took place. The most recent transaction happened today. An anonymous wallet has received $300,000,000 from a whale from Binance. According to Whale Alert, the transaction was worth 106,967,551 US Dollars.
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 300,000,000 #XRP (106,967,551 USD) transferred from #Binance to unknown wallethttps://t.co/yeTmUMtze3
— Whale Alert (@whale_alert) May 12, 2022
And the first transaction was on May 9 when whales transferred 90 million XRP from one unknown wallet to another unknown wallet worth 50,506,557 USD.
After this yesterday a total of 100,000,000 XRP worth $50,341,416 has been transferred from one wallet to another.
According to CoinMarketCap with a 24-hour trading volume of $6,415,805,036 USD, the current XRP price is $0.367581 USD. In the last 24 hours, XRP has dropped 27.56 percent. Having a market capitalization of $17,770,000,364 USD.
XRP investors are far better than LUNA investors, who have seen almost all of their funds disappear in less than 48 hours. LUNA was previously worth $119, but it is now only worth
$0.090690 USD at the time of writing.
