Ripple Transfers Big Money, RLUSD Gains Traction, XRP Holds Critical $2 Level
XRP has recently gained momentum due to speculation of a more favorable U.S. regulatory environment and the launch of RLUSD trading on major exchanges.
Despite an 8.2% decline this week, XRP remains up 50.4% over the past 30 days, sitting at $2.18. Ripple made significant moves, transferring 90 million XRP worth $201.36 million, while Whale Alert flagged a $70.89 million withdrawal from South Korea’s Upbit exchange.
Meanwhile, Ripple’s RLUSD token has gained attention, with 53 million tokens in circulation. The Ripple Deployer wallet holds 73.87% of RLUSD, and it currently ranks 37th among stablecoins, with a market cap of $53 million.
Clever Robot News Desk 23th December 2024
