The post XRP Bullish Momentum Builds After 30M Exit from Upbit appeared first on Coinpedia Fintech News
A mysterious withdrawal of 30 million XRP worth $17.4 million from Korean exchange Upbit to an unknown wallet has sparked bullish speculation. The wallet, activated in June, began distributing a large amount of XRP to various addresses, leaving only 1.169 million XRP. This move coincides with a surge in XRP trading volume on Upbit, which now exceeds $106.6 million, making it the sixth most traded asset. Market participants view withdrawals from exchanges as bullish, suggesting potential future price increases for XRP amidst heightened retail interest.