2024

Millions

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<p dir="ltr">XRP opened the week to another bout of uncertainty; however, this time, it is marked by a series of whale movements.&nbsp;<a href="https://x.com/whale_alert/status/1802607225933852697" rel="noopener noreferrer nofollow">According</a> to an update from crypto analytics platform Whale Alert, exactly 32,141,202 XRP have just left the Binance exchange.</p>
<blockquote>
 <p lang="en" dir="ltr">🚨 32,141,202 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> (15,678,753 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> to unknown wallet<a href="https://t.co/D0WWGXa384" rel="noopener noreferrer nofollow">https://t.co/D0WWGXa384</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1802607225933852697?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 17, 2024</a>
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<h2 id="subtle-xrp-reset-ongoing">Subtle XRP reset ongoing</h2>
<p dir="ltr">At the time of writing, XRP's price has shed just about 3.83% of its valuation in the past month. Currently, it is trading up by 1.58% in 24 hours to $0.4998. Despite this mild rebound, XRP remains in&nbsp;<a href="https://u.today/xrp-gets-flipped-by-ton" rel="noopener noreferrer nofollow">unchartered territory,</a> with an urgent need for revival.</p>
<p dir="ltr">The more than 32 million XRP shuffled out of Binance is worth $15,678,753, and it signifies the start of a buying season. When any digital currency exits a major exchange like Binance, it implies buying is taking place, and a transfer to exchanges indicates an imminent sell-off.</p>
<p dir="ltr">The 32 million XRP complements the sudden twist in the coin’s trading volume. This metric has jumped by 41.42% in 24 hours to $1,148,430,921, an indication of revival in bullish sentiment.</p>
<p dir="ltr">Upon glimpsing that the price of XRP is climbing back to new highs, XRP whales might reawaken their interest in the coin. This reboot in sentiment can trigger more of an upsurge for the coin overall.</p>
<h2 id="need-for-drastic-revival">Need for drastic revival</h2>
<p dir="ltr">The mild recovery in the price of XRP has not uniquely shifted its position at the moment. Per historical trends, XRP has performed more woefully than it did at the start of the year. In the year-to-date period, the price of XRP has dropped by 20.23% overall.</p>
<p dir="ltr">There is undoubtedly a need for a drastic revival in the price of the coin. As it stands, market experts are speculating that the end of the&nbsp;<a href="https://u.today/xrp-case-ripple-hits-back-at-sec-using-terraform-labs-ruling" rel="noopener noreferrer nofollow">Ripple v. SEC lawsuit</a> is the missing catalyst that can drive the price of XRP to breach the undefeated&nbsp;<a href="https://u.today/xrp-05-entry-denied-heres-whats-next-is-solana-comeback-getting-postponed-ethereum-eth-to-recapture" rel="noopener noreferrer nofollow">resistance levels</a> it has set over the past few months.</p>

32,141,202 XRP Exit Binance, Will This Stem Bearish Trend?

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