92 Million Ripple (XRP) Withdrawn from Binance.

According to Whale Alert's latest tweets, there have been four major XRP transfers in the last 24 hours, with approximately 160 million XRP coins changing hands.

These large transactions were highlighted by the price of XRP, the seventh-largest cryptocurrency, rising slightly by 3 percent overnight.

Popular blockchain detective Whale Alert has identified four significant crypto transactions carrying large chunks of XRP. Two of these transactions were withdrawals made by the Binance exchange: 43,894,329 XRP equaled approximately $20,860,666 and 48,270,270 XRP equaled approximately $23,055,620.

Both transfers were made to anonymous blockchain addresses. According to Whale Alert, the first transaction occurred approximately 22 hours ago, and the second occurred five hours ago.

Bithomp XRP explorer revealed that both XRP transfers were made to crypto wallets connected to Binance. This likely indicates internal transfers by Binance for the purpose of redistributing XRP assets.

Apart from this, the crypto tracker noted that 32,710,000 XRP was moved to Bitso, the largest exchange in Latin America, and 31,185,000 XRP was moved to Bitstamp.

These transactions involved fiat equivalents of $15,466,399 and $14,742,502, respectively. The other two XRP transfers were made from wallets connected to Ripple.

Bitstamp and Bitso are among the crypto exchanges that cooperate with Ripple in the international payments system. This system was formerly known as On-Demand Liquidity and was recently renamed Ripple Payments.

Currently, Ripple is working on its own stablecoin backed by the US dollar. Ripple, which wants to take part in the $150 billion stablecoin market, wants to get a share of this cake.