The crypto town is currently showing signs of relief as the market is exhibiting appreciable greener digits on the charts. Folks from the crypto town have pinned high hopes on the Christmas season. The market cap of the crypto industry is currently at $2,700,598,521,769, which is up by over 4.1%. The volumes for 24-hours are at 133,318,857,305 while the dominance of the crypto leader is at 40.0%.
XRP has been making its presence felt, as the protocol is gaining spotlight across public platforms. The platform is also collaborating for major projects, which might flip the tables in the crypto’s favor. The digital asset is also experiencing an increase in whale accumulations. Meanwhile, notable influencers have been talking in favor of the digital asset.
Are Whale’s Still Buying?
Whales have been buying the digital asset’s recent dips, the accumulations have been astonishing for the community. The protocol has also seen numerous traders aping the movement of the whales. The platform has been witnessing whale transactions since CoinPedia had reported earlier.
According to substantial sources, XRP worth $75,501,973 has been transferred from an unknown wallet to Bithumb. This in addition, to another 10,000,000 XRP being transferred from Bithumb to an unknown wallet. Another transaction recorded 40,000,000 XRP moving from an unknown wallet to Binance.
XRP at the time of writing is trading at $0.97411 making gains of 4.0%. While the market cap of the digital asset is hovering around $45,952,239,926. The trade volumes for 24-hours are at $3,138,706,247. The price of XRP has been moving in the bandwidth from $0.900864 to $0.994718. The ATH remains far from sight at $3.40, which was last claimed 4-years ago.
A protagonist from the industry cites that, a breakthrough from the red line would call for a heavy price pump. That could take the price of the digital asset to highs of around $2.0, and a move towards greater highs thereafter. On the flip side, the digital asset could fall to levels around $0.60, if the local support is broken.
Collectively, the bulls would need to buckle up to drive the digital asset to greater highs. Enthusiasts are optimistic of XRP price conquering its due share of gains, with its lawsuit subsiding. Which is expected to happen in 2022.
Original Source :coinpedia.org
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