XRP News: Ripple Moves 150M Coins, Whale Dumps 43M

American blockchain payments company Ripple set off waves of speculation on Friday with its massive 150 million XRP transfer.

Blockchain payments giant Ripple made a massive 150 million XRP transfer on Friday, sparking waves of speculation. This development emerged in tandem with a remarkable 6% upswing in XRP price today, further buoying investor enthusiasm.

On the other hand, a large whale made a significant XRP dump of 43.3 million coins.

Whale Alert’s on-chain The transaction comes amid the recent launch of the Grayscale XRP Trust, which has generated a lot of discussion within the global cryptocurrency community.

Meanwhile, well-known whale address …Rzn made several transactions over the past day, moving 43.3 million tokens (worth $24.34 million) to the exchanges Bitstamp and Bitso in batches. The price of the U.S. blockchain payments company’s native token is up around 6% today despite a massive sell-off.

As mentioned above, the recent launch of the Grayscale XRP Trust appears to be creating optimism for Ripple. Additionally, the recent investigation into U.S. Securities and Exchange Commission Chairman Gary Gensler has injected more optimism into the cryptocurrency’s future price action.

Token price increased by 6%

Meanwhile, Ripple XRP price has surged nearly 6% in the past 24 hours, bucking the broader trend and currently trading at $0.5699. The coin’s intraday low and high were recorded at $0.5355 and $0.5809 respectively. Notably, the asset’s 24-hour trading volume surged 109% today.

Meanwhile, Coinglass data shows that XRP’s open interest increased by 7% to $642.02 million. Additionally, derivatives trading volume surged 327.22% today to $2.93 billion. The surge in derivatives markets shows strong investor interest in the asset. Furthermore, combined with the upward price trend, the data suggests that XRP is currently in an uptrend.

Overall, recent XRP news such as community developments and Ripple’s on-chain dynamics have brought a lot of attention to investors.

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