Millions of XRP shifted to Binance, but price takes reverse course $XRP XRPArmy RippleXRP XRPCommunity XRPHolders
There are three possible explanations for why wallets outside of exchanges send their assets there, as shifting coins incurs costs.
If there is a surge of buyers at the spot exchange, investors are probably sending their coins there to be sold. A price fall is a common outcome of this kind of behavior, which is a negative indication.Trading on the volatile derivatives market is the second reason. Last but not least, investors periodically transfer their holdings to exchanges for staking, airdropping, or simple reshuffling.In this instance, it is difficult to draw many conclusions about pricing or volatility.
At the time of writing, XRP was easing intraday gains but remained in the green. XRP was marginally up, 0.99% higher in the last 24 hours to $0.469. The cryptocurrency is, however, up 10% in the past seven days.John Deaton , reveals an interesting find that might suggest that XRP was viewed as a non-security in SEC emails.
I can't wait for these emails to be released. I predict even non-XRP holders, including Ripple critics, will have to objectively say that what the SEC did is flat out wrong. The inquiry about the motive behind this lawsuit will go into a higher gear - mark my words.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance Pay Is Even More Versatile, Thanks to Our CoinGate Partnership | Binance BlogPayments are considered one of crypto's main use cases. Which is why we've partnered with CoinGatecom, to allow Binance Pay users to spend crypto at a number of CoinGate merchants worldwide. Read more ⬇️
Read more »
Price analysis 5/19: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTCStrong selling by the bears near overhead resistance levels in Bitcoin and altcoins indicates that investor sentiment remains negative.
Read more »
XRP Price Analysis for May 20Does XRP have enough energy to continue growing? XrpYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie
Read more »
XRP Defies Market Sentiment With 3% Increase, BTC Drops Below $27K (Market Watch)XRP is the only larger-cap alt in the green today.
Read more »
XRP Bucks Bitcoin-Led Slide in Majors as SEC Case Tilts in Ripple’s FavorThe $XRP token rose over 5% in the past 24 hours to post gains for the second straight day after reports that the SEC's case has tilted in favor of Ripple. By shauryamalwa.
Read more »
Ripple CTO Unveils XRP's Potential in New CBDC PlatformICYMI: CBDC to embrace $XRP? Ripple CTO David Schwartz opens doors to such possibilities XRP XRPArmy
Read more »