Multiple Crypto Whales Have Joined the XRP Network: Report

full version at coinedition

Analyst Ali tweeted recent data which shows that over 50 whales have joined the Ripple Network.
These whales purchased $155.4 million worth of XRP, according to the data.
At press time, the price of XRP has printed a 24-hour gain of 1.12%.

Crypto analyst Ali (@ali_charts) tweeted yesterday that approximately 50 Ripple (XRP) whales joined the Ripple Network over the past month.

In the tweet, Ali referenced data from the blockchain analytics firm, Santiment, which showed that these XRP whales have purchased around 420 million XRP. With prices at the time of all of the purchases, it is estimated that the total dollar value purchased is around $155.4 million.

At press time, the price of XRP is up 1.12% over the last 24 hours according to CoinMarketCap. This 24-hour gain has boosted the remittance token’s weekly price performance as well – taking the total weekly gain to 4.18% at press time. As a result, XRP’s price currently stands at $0.3849.

Despite strengthening against the U.S. Dollar, XRP has weakened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 3.40% and 0.12% respectively over the last 24 hours.

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