As the price of the token continues to witness a decent price spike, whales have continued their constant accumulation of millions of XRP.
According to information provided by WhaleStats, XRP was able to make its way into the list of top 10 tokens in terms of trading volume between the 100 and 500 largest BSC whales during the past day.
At the time of this writing, one XRP is worth $0.356, which represents an increase of 2.5% over the course of the previous 24 hours and 3.9% over the course of the previous seven days.
In the past twenty-four hours, various transactions involving 287 million XRP, valued at approximately one hundred million dollars, have been recorded by WhaleAlert. It is estimated that approximately $34.7 million worth of XRP has been moved from Ripple to an unknown wallet.
Analyst Lays Out Key Price Level to Watch
On Twitter, the pseudonymous analyst Dark Defender revealed the XRP price level that everyone should keep an eye on. According to his analysis, the first Resistance has been broken, while the RSI resistance is getting closer to the price level of $0.36618.
He added that the next two short-term price targets for XRP are $0.4184 and $0.4726. During this time, the $0.33 level is acting as the most important support, says Dark Defenders.
Notably, multiple crypto giants have transferred around 280 million XRP tokens at the start of the weekend. The cryptocurrency exchange Bitstamp received a transfer of XRP tokens worth $11.1 million from a particular whale.
Meanwhile, data from the XRP Ledger Service shows that the total number of XRP accounts continues to grow. With a total of 4,506,842 holders currently, XRP has officially passed the $4 billion milestone. A new high mark has been set.
The present bullish price movement in XRP is difficult to predict, and I have no idea whether it will hold or reverse course. However, things are looking a bit well at the moment. We can only hope it stays.
