The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
Ripple

Whales Race To Move Millions Of XRP From Crypto Exchanges Following Increase In Global Outflow ⋆ TCNW

by Miki 11/20/2021
by Miki 11/20/2021 0 comment

XRP Whales Are Seriously Accumulating – A Major Price Movement Inbound?

Advertisement

&

&

Key takeaways

  • An XRP whale moved 12.2 million XRP from CoinOne exchange.
  • Whale wallets have been increasingly withdrawing their holdings from centralized exchanges.
  • The move is coming after Ripple recently proposed a set of recommendations for cryptocurrency regulators. 

In the past few days, large volume cryptocurrency investors who are called whales in the crypto-space have been moving their funds around. The latest cryptocurrency to experience immense whale activity has been XRP which saw a single entity withdraw 12.2 million XRP.

According to WhaleAlert, a service that tracks unusual volume movements, the XRP valued at over $14 million was withdrawn from CoinOne cryptocurrency exchange to an unknown wallet. The funds have been dormant since arriving at the new address.

The XRP whales’ move is a continuation of a recent trend of increasing centralized exchange outflow. The sentiment among whales can be seen in the Bitcoin and Ethereum markets as well. For Ethereum, exchange outflows are even at an all-time high of around $100 million daily according to data from Glassnode.

Meanwhile, XRP’s price continues to slide in the market. The token was not exempt from the recent cross-crypto market selloff. The price dipped around 12.3% from a week high of around $1.25 to a low of $1.07 in a short period. However, it is trading up 0.73% on the day at $1.09.

Advertisement

&

&

Many pundits and XRP proponents think that the price of XRP has been seriously held back by Ripple’s ongoing legal tussle with the Securities and Exchange Commission (SEC). The U.S. apex regulator branded all Ripple’s sales of XRP to be sales of unregistered securities back in December last year and the two parties have been disputing the allegations in court since then. The case has received a lot of attention from both supporters and investors of XRP as well as other concerned market participants. A shared sentiment is that the outcome of the case could be pivotal for the future of the entire cryptocurrency industry in the U.S.

In a recent development around the case, Ripple has published a proposal to guide regulators on making rules for the industry.

According to the company, it believes that collaboration between public and private interests usually yields the best outcome, Which is why its document was worked on in partnership with regulators and bipartisan policymakers. 

“Ripple believes that our proposal will ensure the U.S. succeeds in nurturing crypto innovation within its borders while also maintaining the strong consumer and investor protections it’s known for,” Ripple’s statement reads.

For Ripple’s chief executive officer, Brad Garlinghouse, the policy framework recommends actions that can be taken in the immediate future to provide “clarity to one of the fastest-growing industries in the U.S.”

While the market expects that should the ongoing lawsuit end in Ripple’s favor, the price of XRP would see an explosive upsurge, there is no definitive date of when this could happen. Most analysts following the proceedings expect that a conclusion may not be reached till next year even.

Source link

Views: 4
CryptoExchangesGlobalIncreaseMillionsmoveOutflowRaceTCNWwhalesXRP
Share
0
FacebookTwitterPinterestEmail
previous post
Ethereum Sets New ATH, What Could Pump ETH To $5K
next post
Large transfers of Ethereum cause unease as market watchers anticipate selloff

Related Posts

Why Solana, Dogecoin, XRP, Shiba Inu, and Cardano...

12/28/2021

Garlinghouse Shakes Off SEC’s “Antics” Towards Ripple and...

12/24/2021

Will ‘Dogefather’ Elon Musk Look In The Direction...

12/22/2021

XRP Creator Chris Larsen Proposes Strategy To Incentivize...

12/20/2021

Why Former SEC Chair Clayton Refused To Comment...

12/18/2021

More Wins For XRP and Ripple? SEC Reportedly...

12/16/2021

Ripple And XRP Prone To More Wins As...

12/14/2021

Ripple’s Co-Founder Comes Up With A Genius Way...

12/12/2021

Ether Next To Be On SEC’s Purview If...

12/08/2021

SEC vs. Ripple – Kevin O’Leary Reveals Why...

12/02/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Did Celsius Network Lose $51M in BadgerDAO’s Hack?

  • Top 5 Things to Watch in Markets in the Week Ahead By Investing.com

  • IMF Strikes Back! Warns El Salvador against the use of Bitcoin as Legal Tender

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,115.000.52%
  • ethereumEthereum(ETH)$2,052.472.19%
  • tetherTether(USDT)$1.000.02%
  • binancecoinBNB(BNB)$333.215.08%
  • usd-coinUSD Coin(USDC)$1.00-0.03%
  • rippleXRP(XRP)$0.4193030.39%
  • cardanoCardano(ADA)$0.552.42%
  • Binance USDBinance USD(BUSD)$1.000.03%
  • SolanaSolana(SOL)$52.953.02%
  • polkadotPolkadot(DOT)$10.515.00%
  • dogecoinDogecoin(DOGE)$0.0872262.34%
  • AvalancheAvalanche(AVAX)$31.751.78%
  • Lido Staked EtherLido Staked Ether(STETH)$2,010.992.66%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,114.000.45%
  • tronTRON(TRX)$0.0817186.76%
  • Shiba InuShiba Inu(SHIB)$0.0000123.21%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.00-0.08%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$72.882.19%
  • CronosCronos(CRO)$0.1977562.56%
  • matic-networkPolygon(MATIC)$0.694.14%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.89-0.05%
  • NEAR ProtocolNEAR Protocol(NEAR)$6.292.18%
  • FTX TokenFTX Token(FTT)$30.550.41%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$200.981.93%
  • RareRare(RARE)$0.0461220.00%
  • cosmosCosmos Hub(ATOM)$11.986.24%