XRP Whales Trigger Significant Price Movement with $592 Million Withdrawal

A recent report from CryptoQuant has documented a substantial wave of XRP withdrawals from two major exchanges, Binance and Coinbase. The total amount withdrawn is approximately $592 million, with nearly half of it coming from Coinbase.

The withdrawals occurred in two concentrated bursts on March 27 and March 30, marking a return to February-scale behavior after weeks of relative silence. This movement could have a direct impact on the available XRP float and short-term price conditions.