Connect with us

Hi, what are you looking for?

Crypto News

Here’s Why XRP Price Didn’t Move After 250M Buying Spree & What to Expect Next

Despite Bitcoin clocking a fresh all-time high above $111,000, XRP, like many altcoins, continues to struggle to reclaim previous highs. In 24 hours, XRP price has registered a modest 3.6% gain despite a 250M whale move. So, why is the price stalling, and what should traders expect next from XRP? XRP Price Struggles Despite 250M Buying Spree On-chain data shows that on May 21, a whale address moved nearly 250M XRP tokens from the Kraken exchange. In most cases, heavy accumulation by XRP whales often precedes notable gains in price as demand surges and the supply on exchanges drops. XRP Whale Activity However, this was not the case this time around. In the last 24 hours, Ripple price has fluctuated between a daily low of $2.33 and a daily high of $2.43. At press time, XRP has posted the least gains compared to other top altcoins like Solana, Dogecoin, and… Read More at Coingape.com

The post Here’s Why XRP Price Didn’t Move After 250M Buying Spree & What to Expect Next appeared first on CoinGape.

You May Also Like

World News

US Secretary of State Marco Rubio will discuss the possibility of deporting suspected Tren de Aragua gang members to El Salvador in an upcoming...

Crypto News

Stablecoins:- India’s digital payments leadership is reshaping global finance. Yet, one layer remains stuck in inefficiency: cross-border transactions. Remittances and trade payments still rely...

Crypto News

In a recent interview, Ripple Co-founder Chris Larsen spoke on why he is backing Kamala Harris, despite the recent criticism. Notably, the blockchain firm...

Crypto News

Trends:- A former Find Satoshi Lab (FSL) leader Mable Jiang has announced the launch of a new social protocol project – called Trends. The...