Crypto tracker WhaleAlert recorded a sharp surge in investment activity. Initially, 60 million XRP coins from an unknown wallet were transferred to the Bitstamp exchange. Then another 40 million XRP went to the Bitso site. In the third stage, investors transferred 65.5 million XRP from the Bitsamp platform to an address of an unknown user. The total turnover on operations amounted to almost 166 million XRP, estimated at $55 million at the current exchange rate.
Experts note that the Bitstamp and Bitso exchanges play a vital role in the Ripple ODR mechanism. It is not surprising that this time, these sites also participated in the movement of a significant amount of XRP coins. But it is worth mentioning that earlier such transactions were not preceded by such a significant increase in trading volumes.
Analysts believe that this trend may be related to the recently concluded partnership contract between Ripple and FOMO Pay, which is considered one of the largest payment systems in Singapore.
Attention was focused: Litecoin has recently been between the SMA 50 and SMA 200 moving averages, which play the role of dynamic supply and demand. Also, within a few days, there has been a significant increase in buying activity, which will allow Litecoin to strengthen its position in the near future. Cardano quotes are within the descending triangle but steadily move towards the upper range.