Crypto Whale Alert: An Unknown Wallet Address Moved About 10M XRP to Bitstamp Exchange

XRP (XRP) is one of the most active crypto projects in the crypto space. Since the emergence of the digital currency, it has gotten the attention of many digital asset investors and traders. The parent firm of XRP – Ripple Labs – has also been making waves in the cross-border payment space. XRP is also one of the fastest-growing cryptos in the market, and it is currently third-largest digital currency by market cap according to CoinMarketCap.

The recent price trend of XRP has not really been impressive. However, the recent bullish sentiment around the digital currency helped to push its price up by more than 4 percent. According to a recent report, a huge number of XRP tokens were moved from an unknown address to a crypto trading platform.

9,999,000 XRP Tokens Was Moved to Bitstamp Exchange from an Unknown Wallet Address – Cryptocurrency Market Update

Over the past twenty-four hours, XRP (XRP) is the highest transacted digital currency. The number of Ethereum (ETH) and Bitcoin (BTC) traded over the past day is far behind the number of XRP traded over the past day. The tracker of huge digital currency transactions – Whale Alert – just alerted the digital currency community of a huge XRP movement.

Yesterday, July 20, 9,999,000 XRP tokens were moved to Bitstamp exchange – a digital currency trading platform – from an unknown wallet address. This is a huge number of XRP. According to the report, the wallet of the sender is rHVrdBcSU3Rdj4j2RfspN6mLxUu86p5fC1 and the wallet address of the receiver is rDsbeomae4FXwgQTJp9Rs64Qg9vDiTCdBv. The address of the receiver was identified to be that of Bitstamp exchange.

XRP USD Price Responded to the Massive Move – XRP Price Prediction 2019 – Cryptocurrency News Today – Cryptocurrency Market Update

This huge XRP transaction volume has rubbed off on the price of XRP. Soon after the reports of the transaction went viral, the price of XRP started an upsurge. XRP USD price rose by about 4 percent due to the bullish sentiments around the move. Further research reveals that the wallet address of the sender was activated in November last year with 100 XRP. At the time of writing, the remaining balance on the wallet is 20.98 XRP. The research also reveals that prior to this transaction, the sender had sent 1,000 XRP tokens to the same trading platform.

XRP Price Analysis – XRP Price Prediction 2019 – XRP Price Forecast – XRP News Today – Cryptocurrency News Today – Cryptocurrency Market Update

This month has not really been favorable to the cryptocurrency market. A lot of digital currencies tested a new year-to-date high in the month of June. The price of XRP also surged significantly. However, XRP USD price has plunged heavily this month, compared to when it was trading around the 47 cents level last month. As the reports of the large transactions went viral yesterday and today, the price of XRP is hovering around the 33 cents mark. XRP USD price is currently supported at the $0.028 mark. On the upside, the immediate resistance of the digital currency is at the $0.34 mark.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.292
-0.57%

At the press time, XRP USD live price is 33 cents after an increase of about two percent over the past twenty-four hours. The current market cap of the digital currency is $24.21 billion. The trading volume of the digital currency over the past twenty-four hours is $1.11 billion.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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