After the recent setback of the Bitcoin price when the king crypto suddenly went down from slightly below $10,000 to the $8,600 zone, other cryptocurrencies also lost a great deal of their market value.
On May 10, the third biggest crypto XRP followed Bitcoin down the charts and moved from $0.21 to $0.19, trading in a range since then.
Still, interest in XRP remains high, and over the past twenty-four hours, two major exchanges – Bithumb and KuCoin, have moved 66.3 mln XRP.
Meanwhile, a top trader expects XRP to conduct a price movement that would result in a 4x rise.
$12,998,247 in XRP moved in South Korea and Singapore
South Korea is one of the largest global cryptocurrency markets which managed to avoid a crypto ban similar to that of China.
Cryptocurrency trading is well-developed there under the control of the authorities.
Over the past twenty-four hours, the XRPL Monitor Twitter bot has spotted 66.3 mln XRP transferred by the major South Korean exchange Bithumb and the Singapore-based platform KuCoin.
Top trader expects XRP to surge 4x
Top cryptocurrency trader ‘DonAlt’ has shared his thoughts on the XRP price situation on the XRP/BTC chart.
As per his tweet, he assumes XRP/BTC is likely to drop a little lower. The trader also believes that XRP will likely surge 2x from its current position or 4x if it first hits the bottom of the range.
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