A substantial purchase of XRP tokens totaling $1.5 million was recently executed, causing a stir among traders and analysts speculating about its potential impact. This acquisition led to the creation of two notable green candles on the XRP chart, sparking conversations about a potentially more impressive price surge soon.In the crypto market, sudden and significant purchases often happen before notable price fluctuations occur, adding to the intrigue of this transaction. The identity and the motive behind this $1.5 million purchase remain undisclosed for the time being.Ripple’s native token had previously exploded a few months ago when the blockchain company won a partial victory against the SEC in their ongoing legal case that started in late 2020. XRP almost doubled its value in the following few days and tapped a multi-year of over $0.9. However, the cryptocurrency reversed its trajectory and started losing value earlier this month, plummeting hard to $0.5.Purchases like the aforementioned one could potentially change the tides once again and bring XRP closer to the coveted $1 price tag.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
9 |
| People |
None |
| Companies |
Ripple, SEC, Binance, PrimeXBT |
| Currencies |
XRP, Bitcoin, Ethereum, USD, SEC |
| Securities |
None |
