41.6 Mln XRP Sent Between Crypto Giants Over Last Ten Hours

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Mon, 02/24/2020 - 14:31
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Yuri Molchan
Three major crypto exchanges are moving jaw-dropping amounts of XRP, while a crypto trader spots a Golden Cross pattern on an XRP chart
41.6 Mln XRP Sent Between Crypto Giants Over Last Ten Hours
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A Twitter user has posted an XRP chart showing a Golden Cross pattern, promising an imminent price surge. Meanwhile, three large crypto exchanges are moving gargantuan amounts of XRP between one another.

‘XRP Golden Cross’

Twitter user @gordongekko369 has shared a screenshot that says that the third-largest crypto coin XRP has formed a bullish pattern called a Golden Cross. Usually, after this is forms, the price of a currency is expected to skyrocket.

On the chart, @gordongekko369 shows that he expects XRP to soar well above $0.37.

XRP 1
Image via Twitter

A short while ago, a Golden Cross was also noticed on Bitcoin charts. However, instead of soaring, the BTC price dropped below the $10,000 level.

Related
XRP Price May Head Towards $0.46 as Crypto Traders Turn Bullish

41.6 mln XRP transferred

The XRPL Monitor reports that two astounding fund transfers have been conducted in XRP, totaling approximately 41.6 mln. That’s $11,419,591.

The data supplied by analytical website Bithomp says that two top crypto exchanges – Binance and Huobi – and a smaller one, Bithumb, were involved.

25 mln XRP was transferred between Bithumb wallets. In the second transaction, Huobi sent 16,660,000 XRP to Binance.

XRPL Monitor
Image via Twitter
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

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