- Whale addresses holding more than 100,000 to 10 million XRP have been increasing.
- XRP is currently trading at $0.382 after a 2.10% drop in price.
- The market cap for XRP stands at $19,244,945,918, which now makes it the 6th biggest crypto.
XRP has moved higher on the crypto market rankings to reclaim the 6th spot on the list of the biggest cryptocurrencies in terms of market cap after flipping Binance USD (BUSD). Before this, XRP held the 7th position.
Data from the well-known on-chain analytics platform, Santiment, indicates that XRP whale addresses holding more than 100,000 to 10 million XRP began to rapidly increase their holdings. These whale addresses increased from 16.7% to 18.3% in just five weeks.
In addition to this, Coinshares revealed that the sentiment for XRP is on the rise with digital asset investment products recording minor inflows totaling $8.8 million in the past week.
Data from CoinMarketCap indicates that XRP is currently trading at $0.382 after a 2.10% drop in price over the last 24 hours, and after reaching a high of $0.3938 over the same time period.
Also in the red is XRP’s 24-hour trading volume which currently stands at $868,537,584 after a more than 18% decline. The remittance token’s market cap stands at $19,244,945,918, which now makes XRP the 6th biggest cryptocurrency in terms of market capitalization.
The price of BUSD currently stands at $0.9998, but the stablecoin is maintaining its peg relatively well despite the rocky market conditions. BUSD’s 24-hour trading volume is down by more than 23% over the last day to now stand at $7,155,086,411. With its market cap of $18,552,456,248, BUSD is currently the 7th biggest crypto.
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