A mysterious withdrawal of 30 million XRP worth $17.4 million from Korean exchange Upbit to an unknown wallet has sparked bullish speculation. The wallet, activated in June, began distributing a large amount of XRP to various addresses, leaving only 1.169 million XRP. This move coincides with a surge in XRP trading volume on Upbit, which now exceeds $106.6 million, making it the sixth most traded asset. Market participants view withdrawals from exchanges as bullish, suggesting potential future price increases for XRP amidst heightened retail interest.
We’d Love to Hear Your Thoughts on This Article!
Was this writing helpful?
Source: https://coinpedia.org/crypto-live-news/xrp-bullish-momentum-builds-after-30m-exit-from-upbit/