Ripple Sparks Market Buzz with 70M XRP Transfer
Ripple moves 70M XRP as $2.40 holds as key support, signaling potential rebound and sparking market attention on trading desks and crypto communities.
A prominent on-chain observer, Xaif Crypto, flagged a large transfer:
70,000,000 XRP moved into a Ripple-controlled wallet, drawing immediate attention across trading desks and crypto communities.
- The size of the move, roughly $173.6 million at recent prices, makes it one of the larger single-day shifts of XRP in recent months.
- Blockchain data shows the coins moved to a Ripple subwallet, not a public exchange, reducing immediate sell-off concerns.
Such internal transfers are often linked to operational liquidity management, including routing funds for On-Demand Liquidity (ODL) corridors that facilitate cross-border payments.
Author's summary: Ripple's 70M XRP transfer sparks market buzz.
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