Whale has withdrawn 12 million XRP to an unregistered wallet, while XRP is staging a rise

According to Whale Alert, 12,000,000 XRP was transferred from Bittrex to an anonymous crypto address. It happened while the sixth-largest cryptocurrency, XRP, demonstrated a 6.5% price spike. The price has dropped a bit but is still trading around $0.8763.

12 million XRP leaves Bittrex

An anonymous whale transferred 12,000,000 XRP to an unregistered address. This amount of crypto consists of $10,422,657. Detailed data from the Bithomp platform has shown that the unregistered wallet does belong to the South Korean exchange Upbit.

whale-has-withdrawn-12-million-xrp-to-an-unregistered-wallet-while-xrp-is-staging-a-rise

XRP/USD 4-hour chart | Source: TradingView

XRP remains attractive to investors as the coin stays at $0.8 without falling, producing small rallies at times. Meanwhile, in early March, SEC Commissioner Hester Peirce believed that some of the agency’s employees did not believe that the SEC could get the results they wanted when it started its case against Ripple Labs in December 2019.

However, even with these rumors, the founder of CryptoLaw, John Deaton, stated that he does not expect the case to be resolved by March.

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