The crypto community was shaken by a suspicious report of a 5.5 billion XRP withdrawal from the South Korean exchange Upbit. This unusual movement immediately sparked a wave of speculation — is it a technical glitch, or a strategic move by a major market player?


🔹 XRP Withdrawal Raises Alarm

On social platform X, Good Morning Crypto host Abz pointed out a dramatic drop in XRP reserves on Upbit. According to data from CryptoQuant, holdings fell sharply from nearly 6 billion XRP to just 1 billion. This drastic change raised questions about whether a massive withdrawal occurred — or if it was simply a data error.


🔹 XRP Community in Suspense

While some analysts suspect a technical issue on the data provider's side, others suggest that institutional investors may be stocking up on XRP ahead of potential bullish developments. Interest in the token has recently surged due to speculation about an upcoming spot ETF approval and a possible Ripple IPO.


🔹 Confusion in the Numbers, Silence from Upbit

So far, Upbit has not officially commented on the incident. Independent analysts like XRP_liquidity and TXBorn83 point out that XRPScan still shows over 6 billion XRP in Upbit’s wallets. They explain that the assets are likely distributed across several wallets — one reportedly holding about 5 billion XRP, another around 1 billion — and none have shown recent activity.


🔹 Possible Scenario According to Analysts

According to XRP_liquidity, the tokens may still belong to Ripple and are simply being held on the exchange for the time being. This would explain the lack of visible blockchain transactions.


🔹 Conclusion: Glitch or Prelude to a Massive Move?

The majority of experts lean toward a data glitch from CryptoQuant. However, without clear statements from either Upbit or CryptoQuant, speculation remains open. Meanwhile, XRP investors are anxiously waiting to learn whether this is just a false alarm — or a signal of a major shift ahead.



#xrp , #Ripple , #CryptoNewss , #CryptoWhales , #XRPCommunity

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