Meanwhile, the third largest cryptocurrency by market capitalization, XRP, has experienced an impressive surge that exceeded 12%.
The cryptocurrency community reacted, leaving numerous comments under the tweet. Many have taken this large XRP transfer as a bullish sign.
However, data shared by the XRP-focused explorer Bithomp shows that the anonymous wallet, which made the XRP transfer, was linked to the Binance exchange. Therefore, the probability is high that this was merely an internal transfer, as Binance reshuffled its XRP holdings and spread them among new wallets.
That price spike took place after the 9.21% decline XRP faced on Sunday. However, today, XRP, along with the rest of the cryptocurrency market, followed the trajectory of Bitcoin. The world’s primary crypto skyrocketed to a new all-time high of $109,114, reached two hours ago.
Schwartz responded that it is not necessarily so, and the new “enemy of crypto” may never appear – and in that case, crypto fans may start attacking each other. The Ripple CTO cautioned the XRP community from doing that, saying that it is worth saving energy for fighting a new enemy if it ever appears.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
