XRP Token Transfer to Major Exchanges Leads to 5% Price Surge

XRP Token Transfer to Major Exchanges Leads to 5% Price Surge

By
Yuriya Nakamura
1 min read

Crypto data tracker Whale Alert reports significant movement of 45 million XRP tokens to major exchanges, Bitso and Bitstamp, resulting in a 5% surge in XRP's value. The transfers have sparked investor interest despite the usual expectation of selling pressure. XRP's support at $0.568 on March 20 was followed by a sharp rebound, with potential for a fresh uptrend if the current rebound sustains.

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