Bitcoin

April

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XRP, a cryptocurrency backed by Ripple Labs, tailored a torrent of speculative buzz across the global crypto realm today, as its price showcased a highly volatile movement in the past 24 hours. Amid this heightened volatility, nearly 56 million coins shuffled by whales nabbed significant investor attention across the broader crypto market. 
<h2 id="xrp-whale-transactions-in-depth-report">XRP Whale Transactions: In-Depth Report</h2> 
According to the data revealed by the blockchain tracker Whale Alert, 55.87 million XRP was collectively shifted in a series of two transactions today, April 10. The first transaction illustrated 23.87 million XRP, worth $14.84 million, dumped to Bitstamp, a Luxembourg City-based <a href="https://coingape.com/glossary/centralized-cryptocurrency-exchanges-cex/" target="_blank" rel="noopener">CEX</a>. Whereas, 32 million XRP, worth $19.34 million, was accumulated from Upbit, a South Korean crypto exchange, per the second transaction. 
This phenomenon stirred speculations over a mixed sentiment among whales for the asset, as data pointed out dumps and accumulations in hand. Meanwhile, as XRP’s price trajectory showcased a highly volatile movement, these transactions additionally birthed questions among investors over the Ripple-backed token’s price action ahead. 
Intriguingly, on-chain metrics further shroud the token in a cloud of enigma, hinting at a positive sentiment among investors partaking in the derivatives market. However, the XRP price showcased movement in the red territory as of press time. 
Also Read: <a href="https://coingape.com/xrp-news-john-deaton-slams-senate-warren-crypto-regulation-debate/" target="_blank" rel="noopener">XRP News: John Deaton Slams Senate Warren Over Crypto Regulation Debate</a> 
<h2 id="xrp-price-slips">XRP Price Slips</h2> 
As of writing, the <a href="https://coingape.com/price/xrp/" target="_blank" rel="noopener">XRP token’s price</a> noted a 1.21% dip in the past 24 hours and is currently trading at $0.6081. Notably, the token’s 24-hour highs and lows are $0.6413 and $0.602, respectively, mirroring XRP’s illustration of a highly volatile movement over the past day. 
Nonetheless, despite XRP’s volatile movement, <a rel="nofollow" href="https://www.coinglass.com/currencies/XRP" target="_blank">Coinglass</a>‘ data reinforced a potential price uptrend for the token, revealing a notable surge in its open interest and derivatives volume. XRP’s open interest jumped 3.05%, whereas volume rocketed 49.94%. This underlines an optimistic outlook for XRP in the market, whereas the broader crypto market’s reflection of signs of recovery further garners optimism surrounding XRP’s price moving ahead. 
This added a bullish tint to the toke, whereas, in the interim, a retained sense of bullishness on <a href="https://coingape.com/xrp-price-analyst-that-claimed-xrp-to-hit-1-in-april-says-5-85-in-sight/" target="_blank" rel="noopener">XRP’s potential to hit $1 in April</a> already prevails in the market, with the potential uptrend further sparking curiosity among investors. 
Also Read: <a href="https://coingape.com/us-spot-bitcoin-etf-attract-wealthy-indians-despite-central-bank-warning/" target="_blank" rel="noopener">US Spot Bitcoin ETFs Attract Wealthy Indians Despite Central Bank Warning</a> 
The post <a href="https://coingape.com/xrp-whales-move-56-mln-coins-amid-price-flux-what-next-xrp-price/">XRP Whales Move 56 Mln Coins Amid Price Flux, What’s Next For XRP Price?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

XRP Whales Move 56 Mln Coins Amid Price Flux, What’s Next For XRP Price?

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