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XRP price spiked by nearly 5% during the intra-day trading hours to breach $0.500
Earlier in the day, whale alert showed 30 million XRP, representing over 1% of the daily trading volume, being moved by Ripple.
Speculation of Ripple launching an IPO intensified as the company listed an open position related to it.
XRP price had a relatively volatile Monday as the altcoin shot up during the day owing to external factors. Interestingly, the cryptocurrency did not react to the fake report of BlackRock’s spot Bitcoin ETF being approved by the SEC at all despite sharing a positive correlation with BTC.
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