Ripple Sparks Market Buzz with 70M XRP Transfer
Ripple has moved 70M XRP, with $2.40 holding as key support, signaling a potential rebound and sparking market attention.
A large transfer of 70,000,000 XRP was flagged by Xaif Crypto, moving into a Ripple-controlled wallet, drawing attention across trading desks and crypto communities.
- The transfer is worth roughly $173.6 million at recent prices.
- The coins were moved to a Ripple subwallet, not a public exchange, reducing immediate sell-off concerns.
Such internal transfers are often linked to operational liquidity management, including routing funds for On-Demand Liquidity (ODL) corridors that facilitate cross-border payments.
The size of the move has sparked questions about intent and market impact, with $2.40 solidifying as a key support level.
Author's summary: Ripple moves 70M XRP, sparking market attention.