Approximately 11 million XRP, worth $31.7 million, has been withdrawn from the cryptocurrency exchange Upbit to a private wallet. This significant movement suggests potential long-term holding strategies, which could support XRP's price stability or growth. Market analysts note that XRP has formed a double-bottom pattern, a technical indicator often associated with trend reversals and potential upside momentum. Key support levels are identified between $2.76 and $2.82, while resistance is noted between $2.94 and $3.00, crucial for confirming a bullish trend.