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Tag: leading cryptocurrencies recording

XRP Reserve Shrinks by 140,158,000, Who’s Buying?

The post XRP Reserve Shrinks by 140, 158, 000, Who’s Buying? appeared com. $336 million in XRP bought in one day XRP bulls anticipate first XRP ETF launch on Thursday Despite the ongoing correction in the price of XRP, its exchange reserve has shown a notable decline in the past day, raising optimism among holders. According to data provided by the on-chain analytics platform, the XRP reserve across all supported exchanges has shown a modest shortage of about 2% over the last 24 hours. $336 million in XRP bought in one day Notably, a chart published by the data source shows that the XRP reserve across all exchanges has reduced by 149, 158, 000 XRP, worth about $336. 4 million in just 24 hours. As such, the total XRP sitting in all supported exchanges is worth about $6. 82 billion as of November 11. While sudden decreases in exchange reserves, especially for XRP, often suggest that holders are transferring XRP into private wallets, it is a key signal for increased buying activities, which could propel the price for higher surges. You Might Also RP holders amid the heightening market volatility appears to have been.