XRP Whale Shuffles 203 Mln Tokens, Will Price Hit $0.58?

In a whirlwind of twists witnessed recently, XRP, a cryptocurrency backed by Ripple Labs, curated quite the buzz following the noting down of a significant whale transaction recently. As per on-chain insights offered by Whale Alert, a blockchain tracking platform, a whopping 203.10 million XRP, worth $112.20 million, on the move caught the eyes of crypto market enthusiasts.

Meanwhile, the XRP price today noted a substantial pump, nearing the $0.58 mark, sparking curiosity among crypto market traders and investors. The derivatives data for the Ripple-backed token further propelled bullish sentiments across the crypto market, coinciding with the surge in price witnessed today.