Kraken cryptocurrency exchange has published a list of its six most popular cryptocurrencies among customers, which includes XRP.
XRP Beats Other Altcoins on Kraken
Kraken recently announced that XRP is among the top six most popular cryptocurrencies on its platform. The first two positions are traditionally held by Bitcoin and Ethereum, with XRP following in third place, ahead of significant assets like Binance Coin (BNB) and Solana (SOL).
Massive XRP Redistribution Underway
According to data shared by CoinGecko and CryptoQuant, there has been a negative flow of XRP among large holders this week. This resembles the situation at the beginning of the year when XRP hit a local high, and whales began to lock in their profits, triggering a massive redistribution of XRP.
Current Price and Market Activity of XRP
After a 6% price jump this week, XRP has managed to reclaim the previously lost $3 level and is currently trading there. The open interest (OI) for XRP, a metric measuring the total value of outstanding XRP futures and options contracts, has also seen a significant increase to $8.11 billion.
In summary, XRP continues to hold a strong position in the market, maintaining high ratings and showcasing an increase in interest from both large investors and regular users.
