Recent on-chain data reveals that XRP whales have been withdrawing their assets from exchanges in the past day, a positive signal for the cryptocurrency’s price.<\/p>\n
Data from Whale Alert, a cryptocurrency transaction tracking service, shows a series of significant transactions on the XRP blockchain within the last day.<\/p>\n
These transactions are sizable and likely initiated by whales, the major investors in the market who can influence the network due to their large holdings.<\/p>\n
While the direct impact of these whale transactions on the market is uncertain, monitoring them can offer insights into investor sentiment based on address details.<\/p>\n
One notable transaction involved the movement of 38,783,752 XRP, valued at approximately $20.5 million, from a Binance-linked wallet to an unknown address.<\/p>\n
The transfer likely indicates a move to self-custody by the whale, suggesting a long-term holding strategy that can have a positive effect on the asset’s price.<\/p>\n
Subsequent large transfers from Binance to unknown wallets suggest continued outflows from the exchange, totaling around $57.3 million.<\/p>\n
However, a transfer of 28,070,000 XRP ($14.9 million) from an unknown wallet to Bitstamp could signal a potential sale, potentially exerting a downward pressure on the asset’s price.<\/p>\n
Despite this, the overall outflows from whale transactions outweigh the inflows, indicating a net withdrawal of XRP from exchanges.<\/p>\n
Currently, XRP is trading at approximately $0.52, marking a significant 21% increase in value over the past week.<\/p>\n","protected":false},"excerpt":{"rendered":"
Recent on-chain data reveals that XRP whales have been withdrawing their assets from exchanges in the past day, a positive signal for the cryptocurrency’s price. XRP Whales’ Activity in the Last 24 Hours Data from Whale Alert, a cryptocurrency transaction tracking service, shows a series of significant transactions on the XRP blockchain within the last […]<\/p>\n","protected":false},"author":1,"featured_media":15732,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"XRP Big Players Move Funds Out of Exchanges as Price Surges 21% - Bitrabo","description":"Recent on-chain data reveals that XRP whales have been withdrawing their assets from exchanges in the past day, a positive signal for the cryptocurrency's price"},"footnotes":""},"categories":[316],"tags":[590,1698,467,1700,457,517],"class_list":["post-15731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-exchange","tag-outflows","tag-price","tag-surges","tag-whales","tag-xrp"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=15731"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15731\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/15732"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=15731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=15731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=15731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}