XRP Whales Unload Millions as Price Hits Resistance at $1.7
XRP whales are pulling millions of dollars worth of Ripple off Binance in what appears to be a strategic move. This has led to a surge in whale withdrawals, with over 231 million XRP being moved off-exchange by large holders.
This has reduced the on-exchange supply of XRP and could have a significant impact on token performance and liquidity in the broader crypto market.
XRP briefly surged past $1.70 before stabilizing near $1.40, suggesting it hit resistance after a massive rally.