Crypto Whale Transfers 90 M Ripple worth $19.7M

Crypto Whale Transfers 90 Million XRP worth $19.7M

A crypto whale has just transferred 90 million Ripple (XRP) worth $19.7 million from an unknown wallet to another, according to Whale Alert, the live tracker of large crypto-currency transactions to and from exchanges.

At the moment, virtually all of the top digital currencies are firing on all cylinders in terms of price, and crypto whales have not taken advantage of their unceasingly huge asset transactions

Because most cryptocurrencies replicated the positive price trend of Bitcoin (BTC) in the last two halves conducted, many analysts are now of the opinion that the upcoming halving of BTC will also favor the price of other alternative cryptocurrencies, as it played out in the past.

Crypto Whale Moved 90 Million XRP worth $19,721,505

Whale Alert reported movement of $19.7 million worth of XRP 90 million, on April 29, 2020, at 14:08:02 UTC, from an unknown wallet to another.

Whale Alert shared this, “90,000,000 XRP (19,721,505 USD) transferred from unknown wallet to unknown wallet.”

Transaction Impact on XRP Price

XRP’s price is not expected to experience a notable impact because of the nature of the huge transaction. If such a huge movement was from an unknown wallet to an exchange, which indicates asset sell-off, it could have been another story.

XRP has succeeded in breaking the level of resistance above $0.2 and the digital token successfully holds the level of support for further price uptrend.

This current uptrend in prices also applies to other top cryptocurrencies, such as Bitcoin (BTC), the largest market capitalization cryptocurrency, Ethereum (ETH), Litecoin (LTC), EOS, and others. XRP is trading at $0.221003 at the time of filing this report, with a price rise of 6.38 percent in the last 24 hours.

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Abdulhay Mahmoud 414 Articles
Abdulhay Mahmoud is a creative writer with over 15 years of experience in journalism, translation, and investor relations. He has B.A in English and Literature from a reputable University. He recently became a contributor at Cryptolydian.com to fulfill his thirst in reporting digital coins and blockchain-related news, an interest was built over the years.