A significant transfer of 55 million XRP was executed from BTC Markets using a multi-signature transaction, incurring a minimal fee of 0.000045 XRP. This transaction highlights the efficiency of high-volume transfers in the cryptocurrency space. Analysts suggest the move is likely related to liquidity management or over-the-counter trades, rather than retail activity, underscoring the growing use of multi-signature wallets for institutional security. XRP is currently testing a critical resistance level at $1.90. A successful close above this threshold could propel the cryptocurrency towards $2.50, while a failure to maintain this level might lead to increased selling pressure. Institutional interest and the utility of XRP in cross-border transactions continue to be significant factors influencing its market dynamics.
55 Million XRP Transferred in Low-Fee Multi-Sig Transaction
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