Classic whale transactions continued today in XRP, following the whale movements that occurred on Friday, attentions have once again turned to the altcoin’s charts. Moreover, these whale transactions coincided with the price increase of Ripple‘s native token, XRP.
Crypto investors and traders continue to analyze the cryptocurrency intensely. According to data from various sources, it was indicated that more than 42 million XRP were transferred to CEXs in a few transactions.
A well-known crypto analyst shared contrarian thoughts about the price increase that Ripple’s supported token experienced today. According to Whale Alert, known for tracking whale movements in the Blockchain, two significant whale transactions for XRP took place on December 15th.
Based on the available data, it was revealed that the two significant transactions were made by an unknown wallet and that there was a collective movement of 42.6 million XRP transferred to Bitstamp and Bitso.
At the time of writing, the XRP price achieved a relatively small increase of 0.82% in the last 24 hours, reaching $0.6318. It was observed that the token experienced an upward movement compared to the market’s stagnation yesterday. Additionally, the 24-hour trading volume also saw a significant increase of 8.05%, rising to 1.54 billion dollars.