Hi Guys,
It's Big & Big #alert About $XRP #whales?
XRP Price: Whales Buying Heavily Ahead SEC Filing Due April 29XRP Price: The whales are heavily accumulating ahead of the U.S. Securities and Exchange Commission (SEC) deadline, despite a price dip in broader market turmoil.
The XRP price has once again caught the eyes of investors today, amid a slump of over 2% in its price. However, amid the declining prices, the whales seem to be taking the opportunity to buy the dip, as evidenced by the recent series of transactions.
On the other hand, the massive buying by the XRP whales also comes ahead of the SECâs deadline to file their reply on April 29, sparking speculations in the broader cryptocurrency market.
Whales Accumulation Reflects Market Optimism
According to the on-chain data tracking platform, Whale Alert, whales have purchased nearly 75 million XRP from Binance, reflecting the increasing confidence of the investors towards the crypto.
For instance, the most recent transaction was conducted by an unknown whale identified by the wallet address ârhWj9âŠ.FLQkKâ. The whale has purchased 24.05 million XRP, worth around $12.39 million, from Binance today.
Simultaneously, another whale with wallet address ârfQ9EâŠk8Cviâ accumulated 26.33 million XRP, worth $13.56 million, from the same crypto exchange.
Besides, one more transaction was noted recently, where a whale ârhLTHâŠ.rtNXNâ bought 24.11 million XRP from the Bitvavo exchange.
Meanwhile, the whales seem to be regaining confidence in the XRP crypto, ahead of the major anticipated development in the Ripple Vs.
SEC lawsuit next week. For instance, yesterday also two whales accumulated around 46 million XRP from Binance, indicating that the traders are shifting their focus toward the crypto.
