$335M in XRP Vanish From Exchanges Overnight: What’s Next for Ripple’s Price?
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Over 149 million XRP, valued at about $336 million, has been removed from centralized exchanges in just a day. This is one of the sharpest single-day drops in XRP exchange reserves in recent months. Despite the large transfer, the asset tumbled below $2.30 earlier today, marking a significant 9% overnight decline.
Meanwhile, this development raises new questions among traders and analysts. Some see this as a shift in strategy by larger holders, while others remain cautious, noting a lack of strong buying pressure.
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$335M in XRP Vanish From Exchanges Overnight: What’s Next for Ripple’s Price?
Share:
Over 149 million XRP, valued at about $336 million, has been removed from centralized exchanges in just a day. This is one of the sharpest single-day drops in XRP exchange reserves in recent months. Despite the large transfer, the asset tumbled below $2.30 earlier today, marking a significant 9% overnight decline.
Meanwhile, this development raises new questions among traders and analysts. Some see this as a shift in strategy by larger holders, while others remain cautious, noting a lack of strong buying pressure.
Read More
$1 or New ATH by Christmas? Here’s What 4 AIs Expect for Ripple (XRP)