Now that the total crypto market cap is once again above $1 trillion, it is giving the crypto community the chance to think about other matters in the industry like the possible outcome of the dispute between the SEC and Ripple.
With people’s eyes on Ripple (XRP), it has been noticed that the altcoin’s price has dropped about 21% over the last month while other cryptocurrencies in the market like Cardano (ADA) and Polygon (MATIC) saw respective increases of about 50% and 53% over the same time period.
In addition to this, XRP is also the top loser among the top 10 biggest cryptos over the past 90 days as the price of the token fell by 17% over this time.
On the other hand, Ripple’s Q4 2022 XRP Markets Report tells a different story as it showed that demand for its On-Demand Liquidity (ODL) offering is still very strong. The company generated sales of $226.31 million in just this one quarter.
The whale tracking platform WhaleStats also recently shared data that suggested that among the top 100 BSC whales, XRP is one of the most traded cryptos. These top 100 whales are currently holding about $29.23 million worth of XRP. The altcoin was also one of the top 10 tokens purchased by the biggest BSC whales yesterday.
XRP / Tether US 1D (Source: TradingView)
CoinMarketCap indicates that XRP is currently trading hands at $0.3993 after a 2.67% drop in price over the last 24 hours. The crypto is also in the red by more than 3% over the last week.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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