Ripple whales have been on the move while XRP price action continues to suffer but can whale movement generate gains?
The global crypto market cap has moved above the $1 trillion mark as Bitcoin and Ethereum prices gave in to bullish momentum. XRP price, however, is still stuck in the same range-bound trajectory as it has been for over 10 days now.
XRP price continues to trade below the key resistance level at the $0.47 mark. Despite the occasional uptick in Ripple’s social volumes, there has been no major uptick in price or social volumes even as the Ripple vs SEC case approached an end.
Ripple whales activate
At the time of writing, XRP price traded at $0.459, declining by 0.9% on the daily chart. From a price perspective, XRP was still struggling to cope with the lack of volatility on its charts.
However, Ripple whales seemed to be on the move. Data from whale alerts highlighted that on Oct. 29, 40,614,705 XRP worth…
