XRP whales scoop up 50 mln tokens amid price drop – Bull run incoming?

Quick Summary:

XRP whales have added over 50M tokens in the last 24 hours and increased holdings by nearly $29.5 million.

According to the on-chain analytic firm Coinglass, investors’ and traders have been betting more on long positions than short positions over the last seven days.

If the market sentiment remains bearish and the XRP price falls to $0.575, nearly $18 million of long positions will be liquidated.

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Article Details

Author / Journalist: Chanakya

Category: Crypto

Markets: United States

Topics: Ambcrypto Trading View News 1 Ripple News Altcoin Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 13:30:34 (5 days ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 540 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 22281742

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Main Topics: Crypto

Official Website: ambcrypto.com

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