Whales Move Billions Of XRP Following Price Spike

The broader cryptocurrency market has seen improvement in investor sentiment within the last weeks, and so has XRP. Even the worldwide crypto market cap is up by 0.11%, reflecting the speed at which most tokens are rallying over the past few days.

A recent WhaleAlert report reveals massive XRP whale transfers happening amid the token’s price surge. The report showed the movement of nearly 429 million tokens (about $167 million) on multiple whale addresses within the last 24 hours.

In keeping with the WhaleAlert, the most important single whale transaction was a transfer of 209 million XRP price roughly $81 million. The crypto whales added $49 million (about 123 million XRP) in multiple transactions. One whale address accrued 94.3 million tokens ($38 million) in a transaction from Binance.

XRP Makes Top 1,000 BSC Whales List Following Price Surge

Ripple’s native cryptocurrency, XRP, has recorded a price increase of nearly 12% prior to now seven days. Its trading volume has also added by 55% and is now at $1.3 billion. Despite the long-running lawsuit from the SEC against Ripple, XRP’s market cap remained unfazed, being over $19.5 billion.

Nonetheless, WhaleAlert recorded outflows of Ripple’s native coin on several whale addresses. Several whales moved 97 million of Ripple’s native coin price roughly $37 million to the Bitstamp crypto exchange.

Apart from the large whale addresses activity, WhaleStats also reported that XRP tokens ranked the second largest cryptocurrency by dollar value held by the highest 1,000 BSC (Binance Smart Chain) whales. The most important BSC whale now holds about $27.6 million price of the cryptocurrency.

In keeping with recent data, XRP secured its place on the highest 10 purchased cryptocurrencies by the most important BSC whales. It also made the list of probably the most traded token by BSC whales.

ChatGPT Gives Surprising XRP Price Prediction For March 2023

Meanwhile, Dr. Martin Hiesboeck, head of research at Uphold, recently shared a ChatGPT conversation on Ripple’s native coin via a tweet. ChatGPT is an AI model chatbot developed by OpenAI. It launched on November 2022.

Martin Hiesboeck shared a snapshot of his conversation with the ChatGPT, where he asked the robot about XRP’s moon date. After refusing to reply initially, ChatGPT told the Uphold executive that Ripple’s native coin would moon on March 23, 2023. It also added what looked like a price prediction saying, “XRP to $589,000, up yours XRPP.”

This response cracked members of Ripple’s native coin community up with laughter. Some community members responded with laughter emojis, while few saw it as a forecast that the XRP price might moon. Hiesboeck even wrote that the all-knowing AI ChatGPT has revealed when the token will moon after much persuasion.

John Deaton, blockchain enthusiast and founding father of CryptoLaw, also reacted to Hiesboeck’s post, citing what people said concerning the $589,000 price for Ripple’s native coin. Many predictions have suggested that the crypto may hit the $100 but deemed the $589,000 price unrealistic.

Some say Ripple’s native coin would wish to rally almost 200 million percent from its current price before reaching $589,000. Nonetheless, most analysts is perhaps waiting for the decision of the Ripple/SEC lawsuit before making predictions.

Ripple price trades at $0.38 on 24-hour candle l XRPUSDT on Tradingview.com

In keeping with data from CoinGecko, Ripple’s native coin has gained 11.4% prior to now seven days and 13.5% prior to now 14 days. Nonetheless, the token trades at $0.3876.

Featured image from vjkombajn/ Pixabay and Chart from Tradingview.com

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