Crypto Analytics Firm Says XRP Whales Are in Massive Accumulation Mode as Major Altcoin Overtakes Bitcoin

in SCT.암호화폐.Crypto • 2 years ago

XRP is overtaking Bitcoin (BTC) as it continues the upward trajectory of the sixth largest crypto asset, according to crypto analytics firm Santiment.

The analysis firm says that the XRP/BTC pair has reached a price last reached in September 2021 as crypto sharks and whales accumulate XRP.

Santiment says the rise in the price of XRP is driven by hopes of a possible settlement in the lawsuit that the U.S. Securities and Exchange Commission (SEC) filed against Ripple in December 2020.

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Source: santimentfeed/Twitter

XRP is trading at $0.51 at the time of writing, a 20% increase in the last 24 hours and a 55% increase in the last seven days.

As for the broader crypto market, Santiment says that large holders of the Tether stablecoin (USDT) are adding to their digital asset holdings after the recession earlier this year.

Source: santimentfeed/Twitter

#bitcoin #security #sec #analyticsfirm #largeholders
2 years ago in SCT.암호화폐.Crypto by
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