40,000,000 XRP Withdrawal Stuns Top South Korean Exchange
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A significant transaction of 40 million XRP (worth $83.5 million) was withdrawn from Bithumb, a top South Korean cryptocurrency exchange, to an anonymous wallet. Simultaneously, Ripple is expanding its cross-border payment services in Africa through a partnership with Chipper Cash, enabling faster and cheaper transactions for 5 million users.
March 31, 2025 | 2:45 pm
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The substantial withdrawal of 40 million XRP from Bithumb could indicate significant market movement, with veteran trader Peter Brandt suggesting potential price fluctuations between $1.07 and $3.00.
The large transaction and Brandt's technical analysis suggest potential price uncertainty. The expansion into African markets could provide long-term support, but short-term price movement remains unpredictable.
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