90 million XRP (Around $26 Million) has been moved from unknown wallet to Binance for reasons yet unknown.
On occasions like this, it is possible the holder is about selling his digital holdings owing to the market situation. The XRP fund movement was first captured by Whale Alert few minutes back, and there is no indication as to where the fund actually come from.
With the look of things, XRP has the potential of going beyond its present position. At the time of writing, XRP is changing hands at $0.298.
Veteran Bayesian probability trader Peter Brandt has posited that XRP may be heading towards $0.4 if it breaks above $0.3. However, the digital currency has broken above the said value and had touched $0.313654 before slightly retracing back a little.
Meanwhile, in the last 24 hours, Bitcoin has been flourishing. The digital currency saw close to $3000 added value in the last 24 hours before returning to $9,200 range. Bitcoin had traded around $10,332.41 in the last 24 hours before the price slightly underwent corrections.
The same holds for the whole cryptocurrency market as prominent digital assets see massive gain after China made bold steps to lead the cryptocurrency industry, an attempt targeted at outshining the United States’ economy.