Is XRP Outperforming BTC?

XRP, Ripple’s token, has proven to be more profitable than Bitcoin, the world’s largest cryptocurrency, amid the recent pressures in the cryptocurrency market. Crypto whales have successfully capitalized on this period by accumulating more XRP tokens.

According to WhaleAlert, crypto whales have moved more than 275 million XRP in the last 24 hours. The value of the total moved XRP exceeded $107 million.

Data shows that whales bought more than 113 million XRP (worth about $44 million) in the past day. Most of the transactions were executed from the Bitso crypto exchange. However, the largest recorded transaction was the purchase of $15.3 million worth of XRP.

XRP has outperformed Bitcoin over the past 30 days. During the same period, the BTC price fell by 3%, while the XRP price increased by more than 4%. Bitcoin is trading at an average price of $17.2 at the time of writing.

XRP is trading at an average price of $0.39 at the time of writing. XRP price is up 1.31% in the last 24 hours. The 24-hour trading volume is $740 million. However, it still has a market cap of $19.6 billion despite facing a lawsuit from the SEC.

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