XRP Transfer to Binance and Futures Trading Volume Surge
Large XRP transfer sparks concern among investors as futures trading volume reaches a six-month high on Binance.
A significant 1.6 billion XRP transfer has been recorded on the blockchain, with the majority of the tokens moving to Binance. This large movement may lead to increased selling pressure in the market, potentially affecting the price of XRP. Meanwhile, data from XRPSync shows that the 24-hour change in XRP/RLUSD price is -2.33%, with a current price of 1.4625 RLUSD. The on-ledger volume for the past 24 hours stands at 2,583,032 XRP and 18,616 trades were recorded. This surge in futures trading volume may indicate increased market activity, but its impact on the overall market remains to be seen.
Sources
CR CryptoPotatocryptopotato.com UT U.Today
u.today
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