Here’s Why XRP Price Didn’t Move After 250M Buying Spree & What to Expect Next
Despite Bitcoin clocking a fresh all-time high above $111,000, XRP, like many altcoins, continues to struggle to reclaim previous highs. In 24 hours, XRP price has registered a modest 3.6% gain despite a 250M whale move. So, why is the price stalling, and what should traders expect next from XRP? XRP Price Struggles Despite 250M Buying Spree On-chain data shows that on May 21, a whale address moved nearly 250M XRP tokens from the Kraken exchange. In most cases, heavy accumulation by XRP whales often precedes notable gains in price as demand surges and the supply on exchanges drops. XRP Whale Activity However, this was not the case this time around. In the last 24 hours, Ripple price has fluctuated between a daily low of $2.33 and a daily high of $2.43. At press time, XRP has posted the least gains compared to other top altcoins like Solana, Dogecoin, and… Read More at Coingape.com
The post Here’s Why XRP Price Didn’t Move After 250M Buying Spree & What to Expect Next appeared first on CoinGape.
