Whales have accumulated nearly 130 million XRP coins as the Ripple lawsuit moves to a magistrate judge for settlement, highlighting increased optimism in the Ripple community. Ripple CEO Brad Garlinghouse expressed strong confidence in this development, which has spurred significant whale activity.
Three whale addresses strategically amassed 129.77 million XRP in 24 hours, even as the token dipped to $0.4. Address rarG6FaeYh added 51.62 million XRP, rfQ9EcLkU6 collected 26.24 million XRP, and rhWj9gaovw accumulated 51.91 million XRP, demonstrating market confidence among large investors.
Despite these accumulations, XRP’s price remained stable at $0.4873, reflecting a tight trading session with minor fluctuations. The RSI indicated broader neutrality with slight downside pressure.
The dismissal of all class action claims and the reaffirmation that XRP is not a security have generated optimism, although a state law claim remains unresolved. This development could influence XRP’s future price trajectory and market perception significantly.
