According to a new report by cryptocurrency tracker Whale Alert, the Fintech giant in just the last 13 hours Ripplemoved by transferring 30 million XRP tokens.
Meanwhile, around 262 million XRP mobility was also noted by whales among wallets on various top exchanges. The company’s transfers injected 30 million XRP into ODL, with a total of 292 million XRP moved.
Whale Alerts According to one of the tweets shared by Ripple, Ripple has shifted 30,000,000 XRP to Bitso exchange located in Mexico. Bitson is one of the partners of Ripple, to which the company invested an undisclosed amount of funds in the fall of 2019.
The transfer was made from RL18-VN, one of Ripple’s backup addresses used to send crypto to financial institutions, customers and exchanges, according to Bithomp, an XRP-focused wallet tracker.
Koinfinans.com Apart from that, as we reported, Bitso acts as a crypto unicorn and Ripple’s On-Demand Liquidity (ODL) platform. ODL is the generic name for a system for fast and seamless cross-border payments using XRP.
CEO Brad GarlinghouseAccording to a recent interview with Ripple, it is doing very well as it continues its legal battle against the SEC. It continues to support the ODL network by injecting more XRP into it.
Overall, Whale Alert found that a total of 291.7 million XRP has moved across wallets at BitGo, Bittrex, Bitstamp and Bitso, including Ripple.
🚨 30,000,000 #XRP (12,470,360 USD) transferred from unknown wallet to #bitsohttps://t.co/qCzKm3L1TK
— Whale Alert (@whale_alert) September 21, 2022
Ripple (XRP) Price Could Be $0.471!
Crypto enthusiast and podcaster David Gokhshtein recently shared that the long-running legal litigation between the SEC and Ripple looks set to end soon, which is why the XRP price reacted to it by rising last week.
People feeling like the case is almost over against Ripple.
The price movement on $XRP prove that.
— David Gokhshtein (@davidgokhshtein) September 20, 2022
As Koinfinans.com previously reported, two crypto traders on Twitter believe that XRP could see further gains and a rally towards the $0.471 level in the near future. According to traders, XRP currently has the most bullish pattern in the crypto market.
According to CoinMarketCap, at the time of writing, XRP is trading at $0.4047 after a 6% increase in the last 24 hours.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.