XRP Sees Rising Demand Amid Potential Sell-off; Bitcoin Reached a Six-Month High.

According to data from Whale Alert, the crypto market witnessed a significant transfer of 50 million XRP tokens, equivalent to $15.42 million, from an unknown wallet to Bitstamp and Bitso platforms. This event potentially indicates an upcoming sale. Despite experiencing a small price drop of 1.25% on Saturday, XRP showed a weekly increase of 11.5%, reaching a local peak of $0.62 on Friday and closing at $0.611399, which is 17% for the month. He made a gain of 3.

On-chain indicators show that demand for #XRP is increasing. Daily active addresses consistently remained above 19,500, transaction volumes increased by 72.84%, and the existence of approximately 277.62 thousand wallets holding at least 10 thousand XRP was recorded.

Data from Santiment reveals that transactions above $100,000 by whales increased significantly in November, indicating possible price volatility for #XRP in the near term. However, bullish catalysts such as Ripple Labs' community initiatives and the upcoming partnership with National Bank of Georgia could offset potential price corrections.

In related news, there was also significant activity in the #Bitcoin market. The three wallets moved a total of 6,500 #BTC , worth approximately $230 million, for the first time in six years following a positive Federal Reserve interest rate announcement. This move pushed Bitcoin's price to $36,000, its highest level since May 2022.
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