XRP Volume Surges 58%, Hitting $1.02B: What’s Driving the Rally?

Published 17/10/2023, 19:07
XRP Volume Surges 58%, Hitting $1.02B: What’s Driving the Rally?
XRP/USD
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Coin Edition -

  • XRP’s trading volume skyrockets by 58% in 24 hours, exceeding $1.02 billion.
  • Whale Alert reports a massive 409.7 million XRP transfer from Bitvavo to an unknown wallet.
  • Ripple, Bitvavo, Bitstamp, Bitso, Upbit, and Crypto.com have moved 1.07 billion XRP this month.

Over the past 24 hours, the trading volume of XRP has surged by 58.23% as traders engaged in transactions involving more than $1.02 billion worth of XRP. This notable increase in trading activity aligns with significant movements of XRP orchestrated by prominent crypto investors.

In particular, Whale Alert, a reputable platform for tracking large-scale crypto transactions, has reported that 409,776,402 XRP has left the Bitvavo exchange to another wallet. At the time of the movement, the transaction was worth $201,627,816.

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