The post XRP Price Records Growth of 55% in the Past 7-days, What Next? appeared first on Coinpedia Fintech News

The native coin of Ripple, XRP, has become the top gainer among the major cryptocurrencies. This positive change in investors’ perception of  XRP, has contributed to this extraordinary increase despite the bearish market conditions.

This encouraging investor interest is emerging from the conflicted US SEC v. Ripple lawsuit. The price of XRP has increased by more than 55% during the past 30 days.

Another reason for the XRP price increase is the rising whale interest. According to whale Alert, around 60 million XRP coins have been gathered by whales in the previous day. These deals are estimated to be worth a total of $31.13 million.

The largest reported accumulation, according to the statistics, was 35 million XRP tokens. Whale purchased XRP tokens from the Bittrex cryptocurrency exchange for almost $18.09 million.