XRP News: Expert Suggests This Key Price Resistance To Watch While Whales Move 287M XRP

XRP News: XRP, Ripple’s native token price has dropped by over 14% in the last 30 days. However, XRP price is on a constant decline due to increased selling pressure in the market. Meanwhile, the latest optimistic updates from the Ripple vs SEC lawsuit have helped the XRP to stay on the tally of the top crypto whales.

BSC whale pumps XRP trading vol

As per the data provided by WhaleStats, XRP landed on the tally of the top 10 tokens by trading volume among the 100 and 500 biggest BSC whales over the past day. However, Dogecoin is still the most traded token among the biggest BSC whales. XRP 24 hour trading volume has spiked by 90% to stand at $403 million.

WhaleAlert reported that several crypto whales have moved 287 million XRP (approx worth $100 million) in multiple transactions over the past 24 hours. Around 100 million XRP (approx worth $34.7 million) has been moved from Ripple to an unknown wallet. Read More XRP news here

Meanwhile, the largest transactions recorded by the tracker have been of moving 152 million XRP (approx worth $52.3 million).

Key price level to watch

XRP price has surged marginally over the past 24 hours. Ripple’s native token is trading at an average price of $0.352, at the press time. XRP is still holding a market cap of more than $17.6 billion while facing a lawsuit from the US SEC.

However, an expert has laid down key XRP price levels to watch ahead. Dark Defender stated that the first Resistance has broken while the RSI resistance is approaching to $0.36618 price level.

It added the next short term XRP price targets in view are $0.4184 and $0.4726. Meanwhile, the most important support stands at $0.33.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]