The post XRP decouples from Bitcoin, jumps 8% amid market downturn appeared on BitcoinEthereumNews.com.

Ripple’s native crypto, XRP, is riding a bullish wave, printing green indexes on key metrics. XRP price surged by a relatively significant 8% over the last day, outperforming the large-cap cryptos duo of Bitcoin (BTC) and Ethereum (ETH).  Data provided by Santiment shows that XRP Ledger (XRPL) is growing in sharks and whales. The number of wallets holding at least 10,000 XRP has surged in the past five weeks. More than 2,300 such wallets have been registered in this period. XRP whales are accumulating The tally of shark and whale XRP addresses has reached a six-month high with 279,400 addresses. It highlights a strong correlation between these wallets and XRP’s market move. Ripple’s native crypto’s price has surged by over 37% in the past 30 days, coinciding with the accumulation by these addresses. 🐳🦈 The amount of wallets holding at least 10K XRP has skyrocketed in the past 5 weeks. 279.4K such shark & whale addresses exist on the ledger, returning to a 6-month high. The correlation between these wallets and XRP’s market value has been undeniable throughout 2024. 👍 pic.twitter.com/JRT3629sJH — Santiment (@santimentfeed) July 30, 2024 XRP’s recent surge is outdoing Bitcoin and Ether on almost every metric over comparable time periods. XRP registered a jump of 37% over the past 30 days, BTC gained around 8%, while ETH declined in the same period. Data shows that XRP price grew by 25% in the last 60 days. Meanwhile, BTC and ETH prices dropped by 2% and 12%, respectively. However, both cryptocurrencies are still leading Ripple’s token over extended time frames. Whales accumulate over 111M XRP WhaleAlert reported several heavy XRP accumulation transactions over the last day. Whale wallets accumulated more than 111 million of XRP (approximately $72 million) in 4 transactions. The largest transaction recorded by the tracker has…

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Filed under: News - @ July 31, 2024 2:18 pm