Ripple Moves $100M XRP: Impact on Liquidity and Market Sentiment

A recent substantial transfer of 35 million XRP, worth over $100 million, has raised eyebrows in the crypto world. The movement, orchestrated by Ripple itself, shows the company strategically managing its reserves for liquidity needs across various applications like On-Demand Liquidity (ODL). While some may see it as an ordinary exchange, Ripple’s strategy often involves intricate routes with multiple wallets and destinations, revealing their involvement only at specific points. The timing coincides with XRP’s price struggling near $2.80, facing pressure from market fluctuations.