Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»94 million XRP exits Binance as bulls regain control. What’s going on?
EXCHANGE NEWS

94 million XRP exits Binance as bulls regain control. What’s going on?

By Crypto FlexsMarch 11, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
94 million XRP exits Binance as bulls regain control.  What’s going on?
Share
Facebook Twitter LinkedIn Pinterest Email

Crypto whale trading tracker Whale Alerts has revealed a variety of large XRP trades over the past 24 hours as bullish momentum returns to the market. Interestingly, five of the largest transactions that occurred in the last 24 hours were on cryptocurrency exchange Binance, with the most recent transaction occurring in the last hour. There were actually 94 million tokens. Recently transferred It is transferred from Binance to an unknown wallet, leading investors to ponder the reason for the transfer and the possible consequences.

Binance’s Big Transactions

According to data from Whale Alerts, transfers worth more than $57 million were sent on Binance in five transactions of 18 million XRP each. While these large transfers may be a sign that large investors are purchasing altcoins in large quantities, accumulation patterns also indicate transactions being conducted by one entity.

Transfers took place throughout Sunday, starting with the following transfers: 18.76 million people token An unknown wallet was valued at $11.7 million on Binance. After that, 18.4 million tokens, 19.2 million token, 18.8 million tokenand 18.7 million people token Amounts worth $11.26 million, $11.47 million, $11.19 million, and $11.69 million were transferred to individual wallets.

🚨 18,750,448 #XRP Transferred from (11,698,918 USD) #Binance To unknown wallet https://t.co/aeCHQ4RYxA

— Whale Alert (@whale_alert) March 11, 2024

The identity of wallet addresses is mostly unknown, so investors can only guess. However, changes in this magnitude are often indicative of market sentiment. Such a massive transaction occurring in such a short period of time nullifies random patterns and suggests an accumulation of parties involved.

However, the transfer may have been performed by Binance itself, as on-chain data shows that all recipient addresses were activated on the same day by the exchange. Additionally, a pattern of 18 million XRP tokens leaving Binance in each large transaction. It started on Friday. Essentially, transfers may have occurred due to wallet maintenance or liquidity factors.

What’s next for XRP?

XRP significantly underperformed other large market capitalization cryptocurrencies. As of this writing, the token is trading at $0.6219, up 18% in 30 days. To compare, bitcoin, Ethereumand BNB During the same period, they increased by 49%, 58%, and 63%, respectively.

However, XRP enthusiasts remain bullish and are anticipating further strength. XRP According to Attorney Bill Morgan Going to surpass it This cycle it hit an all-time high of $3.4. Currently, XRP is showing other signs of building momentum, including recently breaking a long-term downtrend line.

A renowned cryptocurrency analyst known as Ash Crypto has pointed out that altcoins are on the verge of a multi-year breakout. The last time this happened, XRP soared in 2017 and 2018, reaching current highs.

XRP Massive Breakout 🔥

XRP is on the verge of a multi.
Classification by year

Once it bursts the pump
It will be huge!! pic.twitter.com/4UuwyMXHJU

— Ash Crypto (@Ashcryptoreal) March 10, 2024

According to the analyst’s XRP chart, a repeat of this breakout would send it skyrocketing by massive percentages to $18.

Token price reaches $0.625 | Source: XRPUSD on Tradingview.com

Featured image from Coinape, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bank of England to introduce stablecoin regulations by 2026

October 21, 2025

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Analysts expect a breakout of $135 as ETF approval buzz grows.

October 15, 2025
Add A Comment

Comments are closed.

Recent Posts

The People’s Robotics Platform Launches To Dominate $218b Industry

October 23, 2025

A Gateway To Early-Stage Crypto Projects And Trading Rewards

October 23, 2025

MEXC Q3 2025 Report Highlights Market Leadership Across New Listings, Security, And Ecosystem Growth

October 23, 2025

Fed Joins Payments Revolution, Brings Cryptocurrency to the Periphery

October 23, 2025

ETF Land Rush: Solana’s filing speed outpaces XRP and matches BTC.

October 23, 2025

XRP And BlackchainMining Are Giving Away A Massive $77.77 Million Bonus!

October 22, 2025

Phemex Upgrades Rewards Hub With $15,000 Package And Mystery Box System

October 22, 2025

Alps Blockchain Announces Corporate Rebranding To Alps

October 22, 2025

Why Most Crypto Cities Fail: The Surprising Reason Revealed

October 22, 2025

A retail rail can push $2 million a day out of the chain.

October 22, 2025

Bitcoin Futures Traders Return to Pumping BTC: Will It Last?

October 21, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The People’s Robotics Platform Launches To Dominate $218b Industry

October 23, 2025

A Gateway To Early-Stage Crypto Projects And Trading Rewards

October 23, 2025

MEXC Q3 2025 Report Highlights Market Leadership Across New Listings, Security, And Ecosystem Growth

October 23, 2025
Most Popular

One of the largest global investment banks is planning to purchase Bitcoin

March 3, 2024

Cloudax.io launches groundbreaking platform that redefines content monetization in the Web3 era

February 16, 2024

Ethereum (ETH) Path to $10K: Coinbase and Analysts Are Bullish

May 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.