#xrp
Whale Alert: 23.69 Million XRP Moved from Binance to Unknown Wallet
Whale Alert reports on the transfer of 23.69 Million XRP from Binance to an unknown wallet. Ripple plans to unlock 1 billion XRP tokens on August 1, which could have an impact on the market.
Despite the mixed performance of the cryptocurrency market, the price of XRP remains in bullish mode, holding above the key level of $0.60. Whale Alert detected the transfer of 23,690,289 XRP worth $14,432,839 from the Binance exchange wallet to an unknown wallet.
While the reason for this significant transfer is unclear, the transfer of coins from major exchange wallets is often seen as an attempt to hold for the long term.
🚨 23,690,289
As XRP Price Continues to Climb, Whales Accumulate
Since this year's lows, the price of XRP has risen with multiple accumulation operations by whales, each totaling more than $1 million. As of this writing, the receiving wallet contains approximately 39,942,000 XRP, worth approximately $243.8 million.
Currently, XRP is trading at approximately $0.6104, up 1.25% in the past 24 hours, with a trading volume of $935.74 million, making it the eighth largest cryptocurrency by volume.
Notably, a well-known analyst predicts a highly bullish potential for XRP prices. According to the analyst, Ripple’s token could rise to $0.85 and could even reach its long-awaited target of $1.
In addition, as we previously reported, Ripple plans to unlock 1 billion XRP tokens worth $609 million on August 1, which could have an impact on the market. Moreover, Ripple CEO Brad Garlinghouse believes that the alliance with Archax will drive exponential development of RWA tokenization.
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