A staggering amount of XRP shifted as price shows a slight increase in the past seven days

Several sizable transactions were performed over the course of the last day. Nearly 640 million XRP were pushed. Ripple took part in the transfer of this money.

636 Million XRP Moved by Ripple and Whales as XRP Rises 7% in Past Week

On Twitter, Whale Alert has identified 14 transactions with XRP values ranging from 30 million to 200 million. 200,000,000 XRP were transferred in the largest transaction, which took place from Bithumb, while 140,000,000 XRP were sent in the smaller transaction, which took place from FTX to Binance.

Whales dispersed the remaining 636 million XRP throughout cryptocurrency platforms including Bitso, Bittrex, Binance, and Bitstamp. A 50,000,000 XRP chunk was delivered by Ripple to its RL18-VN reserve wallet. The business frequently distributes cryptocurrency outside of this address to its clients, exchanges, and financial institutions.

The seventh-largest cryptocurrency has increased by 6.98% over the previous seven days, as seen by a TradingView chart from Bitstamp, which was created on September 7. The growth between Sept. 7 and Sept. 12 was 14%, however, it was afterward reversed by a huge red candle. Earlier in the day, XRP was able to recover about 1.42%.

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