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Ripple Moves 570 Million XRP Amid Market Surge Fxcryptonews 07 Nov 2024

Ripple Moves 570 Million XRP Amid Market Surge 📈

XRP Brad Garlinghouse USA Ripple

Whale Alert, a blockchain tracking platform, identified sizable XRP transactions totaling over 500 million tokens. The activity was closely tied to Ripple, a San Francisco-based company, with CEO Brad Garlinghouse at the helm. This coincided with a substantial market shift as XRP saw a 10% spike.

The price of XRP briefly reached $0.57825 before retracting back to $0.55601 on the Bitstamp exchange. This price movement indicates substantial buying and selling activity, influenced by Ripple's involvement in the market.

Such large transactions generally suggest liquidity management or strategic management by Ripple. The company's role in these transactions illustrates its ongoing impact and influence on the XRP market, which remains significant.

Source: www.fxcryptonews.com ↗

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