Whale Alert Tracks Massive 40 Million XRP Transfer to Binance

Whale Alert recently highlighted a massive XRP transfer to Binance, sparking speculation within the crypto community.
The transaction, involving 40 million XRP valued at over $124 million, was identified as originating from an anonymous wallet, which quickly gained attention. Many viewed this significant deposit as a bullish signal for XRP’s future, although further investigation suggests that the transfer might have been an internal movement within Binance, as the originating address appeared to be linked to the exchange.
On January 20, XRP experienced a notable price surge, rising more than 12%, reaching $3.29 before slightly retracting to $3.25. This spike came after a brief 9.21% decline the day before. The increase in XRP’s price was in tandem with Bitcoin’s new all-time high, which had just been achieved at $109,114, pushing the broader cryptocurrency market upwards.
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Ripple’s CTO, David Schwartz, also made waves over the weekend with his comments on the departure of SEC Chair Gary Gensler. Responding to concerns from an XRP supporter about the potential for a new crypto antagonist, Schwartz advised against infighting within the crypto community. He emphasized the importance of conserving energy for future battles, should they arise. This sentiment resonated as the market continues to watch closely for regulatory developments that could affect XRP and the broader crypto space.