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<p>The post <a href="https://coinpedia.org/news/binances-massive-63-million-xrp-transfer-sparks-surge-price-rockets-to-0-53/">Bulls, Rejoice! Binance Makes $63 Million XRP Transfer; Price Surge Incoming?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>With Bitcoin breaching the <a href="https://coinpedia.org/news/bitcoin-hits-50-3k-milestone-triggers-surge-in-microstrategy-and-mining-stocks/">$50,000 milestone</a> after a two-year hiatus and the eagerly anticipated Bitcoin halving looming just two months away, the excitement is palpable.</p> 
<p>Amidst the bullish wave sweeping through various cryptocurrencies, one standout performer is <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a>, maintaining an unwavering stability that sets it apart. Why? Wasn’t it just in the deep end just a few days ago? Let’s examine the developments below. </p> 
<h2 class="wp-block-heading" id="h-power-play-by-binance">Power Play by Binance </h2> 
<p>Early on Tuesday, <a href="https://coinpedia.org/news/binance-founder-changpeng-zhaos-criminal-sentencing-delayed-to-late-april/">Binance</a>, a powerhouse in the cryptocurrency exchange arena, orchestrated three substantial XRP transfers within its wallets, totaling an impressive 63,425,458 XRP, equivalent to approximately $33.9 million.</p> 
<p>Meanwhile, these transfers included <a href="https://whale-alert.io/transaction/ripple/078597F2C169CB71FF76B9B475C2A63EB73D2B2B0F42445C8AC9AB8EAB323FF8">20,634,685 XRP</a> ($10.9 million), <a href="https://whale-alert.io/transaction/ripple/74512748F45210BE164B62C1B9ADAB34CAD778B376BCEA6FCE5E066C73A28FBD">21,235,383 XRP</a> ($11.2 million), and <a href="https://whale-alert.io/transaction/ripple/EEE9F00E3C8778E111A1036D060AE5C64E979BB0A11B0215A646CF17F1BCA96E">22,555,390 XRP</a> ($11.9 million). However, this indicates increased demand for XRP as the cryptocurrency aims to recover from recent price declines.</p> 
<p><strong>Whale Alert!</strong></p> 
<p>The massive transfers did not escape the watchful eye of Whale Alert, a blockchain activity tracking tool. Initially shrouded in mystery as funds shifted from Binance to undisclosed wallets, the veil was lifted to reveal Binance’s deliberate orchestration of significant XRP movements.</p> 
<p>In a strategic move, Binance not only executed transfers but also activated specific XRP addresses for its operational needs. These addresses, initiated on <a href="https://bithomp.com/explorer/rhWj9gaovwu2hZxYW7p388P8GRbuXFLQkK">January 3,</a> now serve as Binance’s active wallets, catering to the escalating demand for XRP among its user base.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/ripple-vs-sec-lawsuit-legal-expert-predicts-settlement-this-year-if-this-happens/">XRP Surges Amidst Settlement Talks in Ripple vs SEC Lawsuit&nbsp;</a></p> 
<h2 class="wp-block-heading" id="h-transparency-and-fund-security">Transparency and Fund Security</h2> 
<p>In adherence to industry standards, Binance provides proof-of-reserve reports, ensuring customers of fund safety across diverse market conditions. This commitment to transparency is pivotal, fostering trust among cryptocurrency users.</p> 
<h2 class="wp-block-heading" id="h-recovering-slowly-but-surely">Recovering – Slowly but Surely</h2> 
<p>Binance’s substantial XRP transfers align with a period of recovery for XRP, showcasing gains of over 5.5%, elevating its value from $0.4989 to <a href="https://markets.coinpedia.org/xrp/">$0.53</a> at the time of reporting. This steady rebound signals the initial phase of what analysts predict to be a robust bull run for the cryptocurrency.</p> 
<p>This Might Interest You: <a href="https://coinpedia.org/news/xrp-supporter-bill-morgan-plans-innovative-event-to-cheer-up-xrp-fans-amidst-community-concerns/">Ripple News: Bill Morgan Organizes Event to Tackle Community Concerns Amid XRP Price Dips</a></p>

Bulls, Rejoice! Binance Makes $63 Million XRP Transfer; Price Surge Incoming?

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