• Several crypto whales, including Binance, have moved a large amount of XRP in the last 24 hours.
• The XRP trading price has increased by 14.85% in the last 24 hours.
• Whale Alert tracked five whale transactions totaling nearly 100 million XRP in the last 24 hours.

Ripple’s 104M XRP Tokens Moved by Whales

The world’s largest crypto exchange, Binance and other crypto whales have recently transferred a large amount of Ripple (XRP) tokens in the past 24 hours. The price of XRP has seen an increase of 14.85% over the same period according to CoinMarketCap.

Whale Alert Tracks Five Transactions

Whale Alert, a tracker and analyzer of cryptocurrency transactions across the blockchain, spotted five massive transfers of Ripple (XRP). One such transfer was worth $21 million from Binance to an unknown wallet while another one was worth nearly $10 million from an unknown wallet to Bitstamp exchange. There were two more transfers made by Binance and Nexo respectively worth 11 million USD and 22 million USD each. Upbit also transferred 20 million XRP to an unknown wallet on the same day according to Whale Alert data.

XRP Price Increase Over Last Week

The bullish trend for XRP seems to have started from last week when its price increased from $0.37 to $0.50 – making it a 30% increase in just 7 days! Currently, as per CoinMarketCap data, XRP is trading at $0.5707 which further confirms its 14.85% surge in the past 24 hours.

SEC & CFTC Regulation Update

The current surge follows after Ripple CTO’s mocking comments on SEC and CFTC regulations updates regarding digital assets such as cryptocurrency projects like Bitcoin (BTC), Ethereum (ETH) or Ripple (XRP). He believes that regulation brings clarity and makes digital assets more attractive for mass adoption but only if they are properly regulated with reasonable laws that don’t hamper innovation or progress unduly so much so that they become obsolete within no time due to faster technological advancements beyond their regulatory framework grasp!

Ripple Price Prediction 2023 — Will XRP Hit $2 Soon?

It remains uncertain whether Ripple will be able to reach its ambitious goal of hitting a price target of 2 dollars per token soon enough given that its current market cap is just below 45 billion dollars – still quite far away from even touching 1 trillion dollar evaluation mark! Only time can tell whether this prediction comes true or not but one thing is certain: If it does happen then it will definitely be one of the most remarkable events for not only cryptocurrency enthusiasts but also for investors all around the world who’ve been hoping for something like this since long!