One of the biggest European crypto platforms increased XRP Reserves Surge 797% in just 1 hour. This does not seem to be just a maintenance work, rather it seems that the demand for XRP is increasing a lot on the Bitpanda exchange.
On Monday morning, Bitpanda had only 156,323 XRP coins, but suddenly increased its reserve to 717,208 XRP. This update was shared by XRP rich bot on Twitter.
A few months ago, Bitpanda’s deputy CEO Lukas Enzersdorfer-Konrad had said that Ripple’s coin could go above $3.65 in the future when the altcoin season starts.
Table of Contents
Altcoin Season Play, Bearish Obstacles Await
A Bitpanda representative called Ripple XRP highly-sensitive and said that two things are very important right now: regulatory news and the Altcoin Season Index. According to the latest CoinGlass stats, the Altseason Index is now at 61, which shows that altcoins are once again strengthening against Bitcoin.
Bitcoin is now retesting $108,000, and XRP price is at its lowest level per week at $2.74. Big whales are still taking profits. Similar to spot markets, XRP Reserves Surge 797% demand is also rising in perpetual trading, but interestingly, out of the $17.74 million daily liquidations, $14.8 million was the loss of XRP long traders.
XRP’s price was very strong in August, but in September the bears are in control and the price has fallen 25% from its all-time high. Now it remains to be seen whether XRP’s liquidity can stabilize the market and bring it to a new all-time high or not.
- Bitcoin 107K Breaks Strong as Bulls Eye Big Win
- Trump Crypto ETF Targets BTC And ETH in 2025
- Metaplanet Bitcoin Purchase Sparks Explosive 1111 BTC Buy
- Hyperliquid Builder Codes Top $10M New Crypto Boom Coming?
- Bitcoin Hits $123K Ahead of Make-or-Break
- Stellar (XLM) Explained: Easy Guide for Beginners
- JPMorgan Launching Crypto-Backed Loans With BTC and ETH
- SYRUP Defies Market Trends After Upbit Listing
- SHIB Hype Fades While Remittix Rises as the Smarter Crypto Choice
- CryptoPunks NFT Sells for $2.5M as NFT Market Shows Fresh Momentum
- XRP Price Expansion Phase: Can Ripple Reach $7 in 2025?
- Cardano WLFI Stablecoin and Chainlink Partnerships
- Binance Futures Trading Paused: Market Prices Rattled
People Also Ask:
Why did Bitpanda sell XRP by 797%?
Bitpanda, an Austrian exchange, sold its Ripple stock by 797% in just 1 hour. This was either a transfer from a whale or Bitpanda itself bought more. After this move, speculation in the market ended.
Why is this so important?
This big jump shows that some big player is collecting XRP Reserves Surge 797%. Maybe for trading or for institutional custody. Bitpanda’s partnerships with banks also make this news stronger.
Can this change the price of XRP?
Yes, it can. A 797% increase could lead to a price rally or volatility. But right now XRP is priced at $2.81 and has a market cap of $164B, which shows stability as long as no one sells too much.
Who could have made this big move?
Not known exactly yet, as the transfer is anonymous. It could be a whale, hedge fund, or Bitpanda itself getting ready for its users. Bitpanda’s more than 4.5 million users and institutional ties make it credible.
Should investors worry?
Not for now. Large transfers can often bring volatility, but XRP’s $2.9B daily trading volume is large enough to absorb shocks. It’s best to closely watch Bitpanda’s flows and XRP’s next price move.
