Saturday, January 28, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Cryptocurrency

XRP Network Sees a Sharp Rise in Trading Volume on Friday

Updates Finance by Updates Finance
July 16, 2022
in Cryptocurrency
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors

Ban on Crypto Mining in Residential Areas Proposed in Russia – Mining Bitcoin News

CZ predicts ‘existential implications’ for anti-crypto traditional finance

Santiment, an on-chain analytics platform, recently highlighted a significant surge in trading activity across the XRP network. On Friday, XRP trading volume reached 18.7 billion after a major boost in activity during the late hours of the day.

Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

“XRP Network saw a major anomaly to end the week, with a rapid surge up to 18.7B in XRP trading volume in the final hour of Friday (UTC time). This may be worth monitoring for some unordinary upcoming weekend price action,” Santiment noted.

Yesterday, a substantial rise in whale activity was observed across the XRP network. A prominent crypto address transferred 50 million coins worth over $16.6 million from an unknown wallet to Bitstamp. According to Whale Alert, the mentioned transfer was executed on 15 July at around 22:27 UTC.

In a separate whale move on Friday, 40 million XRP coins were transferred from an unknown wallet to Bitso. The total value of the move stood at $13 million. Overall, 15 July was one of the most active days for the XRP network.

Keep Reading

XRP’s Price Action

Due to the latest crypto winter, XRP saw a major decline in its value as the price lost nearly 60% of its worth in the past six months. However, the world’s 7th largest crypto asset showed some resistance in the past 30 days. As a result, the digital asset is up by almost 6% in the last 4 weeks, compared to a dip of approximately 5% in Bitcoin.

On 16 June 2022, a crypto address moved almost 150 million XRP from Bithumb to an unknown wallet.

Santiment, an on-chain analytics platform, recently highlighted a significant surge in trading activity across the XRP network. On Friday, XRP trading volume reached 18.7 billion after a major boost in activity during the late hours of the day.

“XRP Network saw a major anomaly to end the week, with a rapid surge up to 18.7B in XRP trading volume in the final hour of Friday (UTC time). This may be worth monitoring for some unordinary upcoming weekend price action,” Santiment noted.

Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.

Yesterday, a substantial rise in whale activity was observed across the XRP network. A prominent crypto address transferred 50 million coins worth over $16.6 million from an unknown wallet to Bitstamp. According to Whale Alert, the mentioned transfer was executed on 15 July at around 22:27 UTC.

In a separate whale move on Friday, 40 million XRP coins were transferred from an unknown wallet to Bitso. The total value of the move stood at $13 million. Overall, 15 July was one of the most active days for the XRP network.

Keep Reading

XRP’s Price Action

Due to the latest crypto winter, XRP saw a major decline in its value as the price lost nearly 60% of its worth in the past six months. However, the world’s 7th largest crypto asset showed some resistance in the past 30 days. As a result, the digital asset is up by almost 6% in the last 4 weeks, compared to a dip of approximately 5% in Bitcoin.

On 16 June 2022, a crypto address moved almost 150 million XRP from Bithumb to an unknown wallet.





Source link

Tags: FridayNetworkRiseSeessharpTradingvolumeXRP
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

U.S. Government Releases Roadmap To Mitigate Crypto Risk For Investors

by Updates Finance
January 28, 2023
0

The U.S. government is set to tighten regulations to mitigate the growing risks associated with the crypto industry. This development comes after increased scrutiny following the collapse of...

Read more

Ban on Crypto Mining in Residential Areas Proposed in Russia – Mining Bitcoin News

by Updates Finance
January 28, 2023
0

Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is...

Read more

CZ predicts ‘existential implications’ for anti-crypto traditional finance

by Updates Finance
January 28, 2023
0

As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng ‘CZ’ Zhao believes this move could potentially have a...

Read more

Difference Between Tokens and Coins Explained | by The Nova Markets | The Capital | Jan, 2023

by Updates Finance
January 28, 2023
0

Many crypto investors who are at the beginner or intermediate stage are confused about many crypto terms and are often seen interchanging the terms.Some of the most common...

Read more

BlockFi permitted to pay $10M in staff bonuses in spite of bankruptcy

by Updates Finance
January 28, 2023
0

Bankrupt crypto lending firm BlockFi has been granted court permission to pay nearly $10 million in staff bonuses, according to a filing dated Jan. 27.The filing does not...

Read more
Next Post

4 Clues to Help You Identify Someone With Real Emotional Intelligence

Related News

The Decline of Growth – Econlib

January 11, 2023

The impact of Recession on Crypto Adoption | by BSuccessful | The Capital | Jan, 2023

January 3, 2023

Nothing Phone 1 First Impressions: Lighting Up the Competition

July 12, 2022

Browse by Category

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Recent News

  • Increasing capacity, tax remission essential to capture markets vacated by China, says EEPC 
  • Best Juicer of 2023 – CNET

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?