2024

when

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
<a href="https://x.com/whale_alert/status/1770974717198950830?s=20">Whale Alert</a>, a crypto transaction monitoring platform, has detected a substantial movement on the XRP market. Approximately 30 million XRP tokens, valued at around $19 million, were withdrawn from Upbit, South Korea's leading&nbsp;<a href="https://u.today/bitcoin-btc-price-collapsing-again-after-short-lived-recovery">cryptocurrency</a> exchange, which boasts a turnover of $5.5 billion, as reported by&nbsp;<a href="https://coinmarketcap.com/exchanges/upbit/">CoinMarketCap</a>.
The withdrawal was directed to an undisclosed address labeled "r3ow," known for its history of handling large XRP transactions. Presently, only 978,122 XRP tokens remain at this address, indicating a rapid dispersal to various destinations.
Such significant withdrawals from exchanges often suggest strategic asset management, potentially reflecting bullish sentiment among investors. Conversely, movements toward exchanges typically signify a propensity to sell.
<blockquote>
 🚨 30,000,000 <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> (19,009,084 USD) transferred from <a href="https://twitter.com/hashtag/Upbit?src=hash&amp;ref_src=twsrc%5Etfw">#Upbit</a> to unknown wallet<a href="https://t.co/3YC9fe1jQv">https://t.co/3YC9fe1jQv</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1770974717198950830?ref_src=twsrc%5Etfw">March 22, 2024</a>
</blockquote> 
<a href="https://u.today/ripple-ceo-sec-to-lose-war-against-ethereum">XRP</a> has climbed to become the fourth-largest trading pair on Upbit, accounting for $415.56 million in turnover when paired with the Korean Won, representing 7.57% of the exchange's total turnover.
<h2 dir="ltr" id="xrp-price-outlook">XRP price outlook</h2>
Despite recent days witnessing a notable uptick in the&nbsp;<a href="https://u.today/xrp-suddenly-adds-3-billion-to-market-cap-in-just-24-hours">XRP price</a>, with gains exceeding 10%, the token's current trajectory suggests a minor setback. The influx of withdrawals has not significantly altered the situation, though it remains stable, especially considering XRP's recent performance amid market volatility.
<img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="9b689575-79c1-4cc8-bc14-154d5959be8d" src="https://u.today/sites/default/files/inline-images/xrpprice_3.png">XRP to USD by CoinMarketCap
The surge in trading volume, coupled with the withdrawal from Upbit, underscores growing interest and activity surrounding XRP, amid broader market fluctuations. Investors and observers await further developments as XRP navigates through the complexities of current market dynamics.

XRP Eyes Abnormal Multimillion Activity on Korean Market Amid XRP Price Drama

Table of Contents

U_Today

Other articles published on Mar 22, 2024

Expert Crypto Analyst Foresees Bitcoin Surge and Altcoin Upswings

Crypto Market Faces Potential Squeeze Scenarios

Crypto Analyst DonAlt Predicts Significant Gains for Dogecoin

Dogecoin Founder Makes Epic Trolling Comment on Crypto Traders

Longtime Dogecoin-Bull Says He's A 'Big Fan' Of ADA And It Didn't Happen Overnight: 'You Either L...

📢 Introducing NEOPIN BDLP: RWA Based Multiple Yield Farming Protocol 🏛

Join our free newsletter for daily crypto updates!