According to a respected whale blockchain alert, which monitors high volume cryptocurrency transfers, a massive quantity of cryptocurrency has been moved over the past two hours. This transfer transported nearly $ 107 million in the fourth largest room, XRP.
This has been aligned with a substantial upward -down price movement triggered by significant recent developments on the market.
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$ 106,691,613 in xrp in motion
The aforementioned source revealed that a significant quantity of crypto, namely 46,495,041 XRP worth $ 106,691,613, was transferred between two wallets marked by a whale alert as anonymous. XRPSCAN has not lit up the source or destination wallets, confirming that their owners are unknown.
However, this blockchain transfer sparked a hot discussion in the XRP community as for the nature of this transaction, whether it is a purchase or a sale in OTC, or if the XRP bulls return, etc. Many crypto enthusiasts in the comments highlighted the large size of the XRP piece in question.
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The XRP price jumps 9.48% in the light of these developments
This happened while the XRP price shaken market volatility, first increasing by 4.25%then bouncing by 1.49%, arrows again 2.13%. At the time of the press, XRP changes hands at $ 2,3409. Overall, prices overvoltage since Thursday represents 9.48%.
One of the triggers of this price thrust was the bull’s greatest cryptocurrency price action, Bitcoin. On Thursday, BTC climbed above the highly anticipated level of $ 100,000, reaching $ 103,800 for the first time since January.
Another crucial engine was that the SEC submitted an official letter to judge Analisa Torres (who directed the Sec-Ripple case) to confirm that the regulatory agency concluded a final agreement with the Blockchain Ripple company to settle its legal war which lasted almost five long years.
