XRP Tops List Of Gainers As Whale Interest Spikes
12 Januar 2023 - 12:00AM
NEWSBTC
XRP has been on the front lines of crypto news for the past couple
of weeks as Ripple’s lawsuit with the Securities and Exchange
Commission (SEC) heats up. The increased attention has translated
to more market movement, and whales are looking to take advantage
of this. Whales Move Into XRP XRP’s trading volume saw a spike on
Tuesday following the upward rally in the crypto market. This saw
an increase in the price of the digital asset but perhaps most
important for the day was the fact that Binance Smart Chain whales
were actually more interested in the coin. Related Reading: Bullish
Signal: Bitcoin Whales Go On 20,000 BTC Buying Spree Whale tracking
website WhaleStats reported that XRP had become the most traded
token among the top 100 BSC whales for the day. It dethroned AAVE
which had previously dominated the attention of these large whales
to achieve this feat. 📰 JUST IN: $XRP @Ripple flipped $AAVE for
MOST TRADED token among top 100 #BSC whales Check the top 100
whales here: https://t.co/0SYnjw0xQs (and hodl $BBW to see data for
the top 4000!)#XRP #AAVE #whalestats #babywhale #BBW
pic.twitter.com/MhK4A1ATd3 — WhaleStats – the top 1000 BSC richlist
(@WhaleStatsBSC) January 10, 2023 Now, the increased interest from
these whales has not died down yet because while XRP is not
currently the most traded token, it is still a top 10 token for
them. It features in the fourth spot of most purchased tokens for
the largest BSC whales. Additionally, the XRP smart contract is one
of the top 10 most used smart contracts among the top 100 BSC
whales. Price sitting at $0.37 | Source: XRPUSD on TradingView.com
Jumping In Front Of Crypto Market Gains There are still residual
market gains from the Monday price surge in the crypto market and
XRP is one of the tokens soaking up the gains. It is currently one
of the top gainers over the last 24 hours, placing third on the
Coinmarketcap list of gainers with a 4.34% increase in the last
day. XRP in the top five gainers | Source: Coinmarketcap This
increase in price has now pushed the price of XRP above its 20-day
moving average. The breakpoints to a short-term bull trend for the
digital asset, at least for the week. The most important now is for
the digital asset to break the resistance at $0.037, as this will
propel it above its 50-day moving average of $0.379. Once this is
achieved, then a rally above $0.4 will be locked in for the
cryptocurrency. Related Reading: Why Are Liquid Staking
Cryptocurrencies Seeing Double-Digit Gains? An event that could
likely prove volatile for the XRP price is another hearing set for
January 19 in the Ripple v. SEC case. Both parties involved are
required to file any objections to the non-parties’ motions by
January 18. As for the final verdict for the case, Ripple CEO
Brad Garlinghouse and lawyer Stuart Alderoty both expect a decision
from Judge Analisa Torres sometime in the second quarter of 2023.
Follow Best Owie on Twitter for market insights, updates, and the
occasional funny tweet… Featured image from The Coin Republic,
chart from TradingView.com
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