10% Weekly XRP Price Gain Inspires Significant Whale Transfers To Centralized Exchanges
Portfolio Pulse from Khyathi Dalal
Ripple (XRP) saw a 10% surge in its weekly price, followed by significant transfers of XRP tokens to centralized exchanges Bitstamp and Bitso. An unidentified wallet transferred 50 million XRP tokens to these exchanges. Ripple also unlocked 1 billion XRP from its escrow accounts. Meanwhile, Ripple announced partnerships with the National Bank of Georgia for a digital currency project and received approval from the Dubai Financial Services Authority for the use of XRP within the Dubai International Financial Centre.
November 03, 2023 | 4:09 pm
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Ripple's XRP saw a 10% weekly price surge and significant transfers to exchanges, indicating potential sell-off. Ripple also announced new partnerships and regulatory approvals.
The 10% surge in XRP's price and the significant transfers to exchanges indicate increased trading activity. However, it's unclear whether this will lead to a price increase or decrease. The new partnerships and regulatory approvals are positive news, but their immediate impact on the price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100