Crypto Analyst Says '$XRP Whales Have Gone Into a Buying Spree', $XRP Hits $1.60

Crypto Analyst Says ‘$XRP Whales Have Gone Into a Buying Spree’, $XRP Hits $1.60

30 April 2021

in XRP

Reading Time: 2 mins read

On Friday (April 30), the XRP price hit $1.60 for the first time since April 17.

Data by TradingView indicates that at 06:47 UTC, on crypto exchange Bitstamp, the XRP price reached $1.60.

Currently (as of 08:20 UTC on April 30), XRP is trading around $1.5601, which means that XRP is up 12.78% in the past 24-hour period. So far in 2021, XRP has gone up 610.42% vs USD.

On-chain analyst Ali Martinez said on Wednesday (April 28) that data from Santiment tells him that XRP whales “have gone into a buying spree.”

Earlier today, Matt Hamilton, Director of Developer Relations at RippleX, was pointing out a few things about XRP:

Nope. That can’t. Sorry. You have been misled. Transactions cannot be frozen and XRP cannot be frozen. Only issued assets by their respective gateways.

— Matt Hamilton (@HammerToe) April 30, 2021

Lol. You do realise that some of the creators of the XRP Ledger created Interledger and formed the W3C Web Payments Working Group. Interledger literally allows you to stream payments. It is what Coil uses.

— Matt Hamilton (@HammerToe) April 30, 2021

No. The XRP Ledger is decentralised. It literally has no central authority or point of control. That is the entire point of it.

I’m no trying to appeal to authority here, but I do have a very good understanding of how the XRP Ledger works.

— Matt Hamilton (@HammerToe) April 30, 2021

Featured Image by “FlitsArt” via Pixabay.com

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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