• 17 July, 2024
News

XRP Makes a Splash: Joins Top 10 Cryptos Among Big BSC Whales Again

According to the data provided by WhaleStats, XRP has made its way into the list of the top 10 tokens that have been acquired by the top 500 Binance smart Chain (BSC) whales over the course of the last 24 hours.

Throughout this time, the top 100 whales on the BSC Chain have also shown a substantial interest in XRP. According to the statistics provided by WhaleStats, XRP is now ranked ninth on the list of the coins that have been acquired the most by the top 100 BSC Chain addresses.

Over the course of the last twenty-four hours, Whale Alert tracked the movement of more than sixty million XRP coins. Roughly ten hours ago, an unidentified whale removed 31.8 million XRP from the Latin American exchange Bitso. The total value of this transaction was $12.46 million.

The cryptocurrency exchange Bitstamp in the European Union (EU) received a massive 33 million XRP deposit from another unidentified whale only a few minutes later.

The current value of XRP is about $0.39. The price is stuck in a narrow range between the 50-day and 200-day moving average lines (now at around $0.38 and $0.4, respectively) after failing to break above the $0.43 resistance level.

If the price were to break out to the upside, it would almost certainly revisit the $0.43 level. Nevertheless, after so many previous retests over the last several months, the likelihood of a positive breakout should be greater this time around.

In such circumstances, prices will likely rise to the $0.6 level. Instead, if the 50-day moving average were to be broken, a slide into the crucial $0.3 support level might occur in the following weeks.

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