Bittime - When the majority of crypto assets experienced a decline, the price of XRP actually appeared different. On June 18, XRP, a crypto asset with a large market capitalization, managed to attract the attention of investors even amidst the negative trend hitting the crypto industry.
XRP Price Movements Are Fluctuating
XRP's movements have been quite volatile during this volatile period. The price moved up and down between IDR 7,853 (US$0.4808) and IDR 8,482 (US$0.5194), indicating high volatility.
However, the increase in the price of XRP by 0.58% in the last 24 hours is a particular highlight, considering that Bitcoin (BTC) and Ethereum (ETH) have actually experienced a decline.
Check Today's Crypto Market:
Apart from price movements, investor activity towards XRP has also been observed to increase. According to Whale Alert data, large XRP owners (whales) were recorded as having moved around 80.34 million XRP coins in the last 24 hours.
Also read: XRP ETF Launch Closer? Here's a hint from Uphold!
These transactions involve moving XRP to crypto exchanges (dump) in large amounts, but there are also transactions that show the accumulation of XRP by other whales.
One of the identified XRP whales, …Rzn, is known to have moved 28.24 million XRP (worth IDR 467.6 billion or US$14.62 million) to Bitstamp and 19.96 million .33 million) to Bitso.
Meanwhile, on the other hand, the rarG6FaeYh address, which has been known as a party that often accumulates large amounts of XRP, was recorded as having purchased 32.14 million coins (worth Rp. 258.3 billion or US$15.67 million). This movement gave rise to mixed sentiments among crypto market players.
Also Read How to Buy Crypto:
The increase in XRP trading volume of 242.21% compared to the previous day was also in the spotlight. This increase occurred at a time when investor interest in crypto asset futures actually decreased.
Also read: Ripple vs SEC: XRP is not a security token!
This can be seen from the decline in Futures Open Interest (OI) by 0.41% to US$559.98 million (around Rp. 9.1 billion). However, activity in the derivatives market has actually increased significantly.
Trading volume increased by 337.97% to US$3.25 billion (around Rp. 53.5 billion), this indicates that there is uncertainty in the market.
The XRP Relative Strength Index (RSI) which is around 45 indicates that this crypto asset is neither overbought nor oversold, although there is slight downward pressure.
Despite this, crypto industry players are still optimistic about the potential of XRP. This optimism is driven by the presence of the RLUSD stablecoin and recent developments in XRPL (XRP Ledger).
Check Crypto Prices Today:
How to Buy Ripple (XRP) on Bittime
You can buy and sell Ripple (XRP) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ripple (XRP) is available on Bittime with the market pair XRP/IDR. To be able to buy XRP IDR at Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Ripple (XRP) on Bittime.
Monitor price chart movements for Ripple (XRP), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Is an XRP ETF Launching Soon? This is what the CEO of Ripple said
Coinbase Reopens XRP Trading in New York
Large XRP Transactions on KuCoin: Indication of User Panic?
XRP Ledger Reaches New Achievement in Inter-Blockchain Connectivity
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
Comments
0 comments
Please sign in to leave a comment.