XRP News: XRP Surges 7% Amid Increased Network Activity and Whale Buying

Cryptocurrency market sees significant movement in XRP prices, driven by positive developments in network activity and whale buying behavior.

XRP Jumps 7% After Surge In Network Activity & Whale Buying

XRP has registered a notable price jump in the last 24 hours as on-chain data shows bullish developments in two key indicators. The on-chain analytics firm Santiment discussed how the Supply Distribution of whales and Active Addresses have changed recently. The Supply Distribution measures the number of tokens held by investors belonging to a particular group, with the whale entities being of interest. The recent growth in active addresses and whale supply indicates bullish sentiment for XRP.

XRP Struggles for Momentum Despite SEC Dropping Ripple Lawsuit

The bearish sentiment against XRP continues to strengthen, signaling an extended period of potential price consolidation or a downturn. On March 19, the SEC dropped its appeal and lawsuit against Ripple Labs, ending the five-year-long legal battle. Many anticipated this development would trigger a bullish rebound for XRP, but its performance has remained lackluster. Market participants remain overwhelmingly bearish, keeping its price under persistent pressure. Large whales holding between 100 million and 1 billion XRP have offloaded a cumulative 20 million XRP, worth approximately $50 million, since March 19.

Critical Warning for Ripple Investors: Is XRP Poised to Drop 50%?

Ripple won the four-year legal battle against the SEC and expects an XRP ETF in the US, along with a potential IPO. However, a popular analyst with over 130,000 followers has suggested that the trend for XRP might have changed. Despite the positive changes in the US landscape post-presidential elections, which benefited Ripple significantly, the future of the native token remains uncertain.

Watcher.Guru Hacked, Spreads Fake XRP News

The widely followed crypto news outlet Watcher.Guru had its official X account hacked on March 21 around 2:05 AM UTC. A fake post claiming SWIFT was close to finalizing a deal with Ripple to use XRP for cross-border payments spread across its social media channels. Watcher.Guru promptly deleted the post and clarified that the claim was false. Despite having 2FA enabled and taking extreme measures to avoid hacks, the breach occurred.