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Over the past 24 hours, whales&#39; preferred cryptocurrency has been XRP, the native coin of Ripple. Data shows that the buildup of whales has caused a significant increase in its 24-hour trading volume.Whale increases XRP by $73 million.<a href="https://www.coingabbar.com/en/crypto-currency/ripple-xrp-prices-usd" rel="noopener noreferrer nofollow">XRP has been in the news due to an alleged &#34;Security&#34;</a>-related claim made in a complaint by the US SEC. Crypto whales are continuously adding new coins to their wallets in the meantime. According to Whale Alert, whale wallets added XRP worth more than $73 million over the course of several transactions.A whale added XRP tokens valued more than $40.1 million in a one transaction, according to the data tracker. The largest transaction during the last 24 hours was this one. However, another whale gathered Ripple&#39;s tokens valued about $20.7 million.The XRP price has increased by about 2% over the past 24 hours thanks to this whale action, nevertheless. The 24-hour trading volume for ripple token has increased by more than 30% to $1.02 billion. As of the time of publication, it is trading for an average price of $0.34. XRP is now trading 91% below its all-time high of $3.74.While this was going on, some whales moved over $33.9 million worth of XRP tokens from their wallets to the cryptocurrency market. This action shows that the token holders are prepared to sell their assets when the value increases.Positive indication for Ripple in AugustThe Santiments quotes experts as saying that among all the<a href="https://www.coingabbar.com/en/cryptocurrency" rel="noopener noreferrer nofollow"> crypto currencies</a>, XRP has the best NVT charts. It states that in May, the network&#39;s circulation of the item immediately increased. However, the fast collapse of the global cryptocurrency market in June caused a decline in circulation.According to experts, August appears to be the month when the bullish or semibullish NVT divergence for the XRP token will be revealed. However, the fact that the chart shows the next four months in green is encouraging for the coin.

XRP Trading Volume Increases Due To Accumulation Of Whale Lead

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