XRP whales moved 230 million coins worth $109.21 million as the Ripple vs. SEC lawsuit nears a conclusion. Judge Torres’ ruling favoring Ripple has spurred mixed market sentiments.
Whale Alert noted that one whale dumped 30.93 million XRP to Bitstamp, while another shifted 200 million to an unknown wallet. These transactions have heightened interest in XRP, which consolidated above the $0.46 support level.
Today, XRP traded at $0.4802, with a 1.39% gain. Coinglass data showed a 4.31% rise in Futures OI and a 58.30% increase in derivatives volume, indicating growing investor enthusiasm.
Despite mixed RSI signals, the increased whale activity and favorable legal outcomes suggest potential long-term gains for XRP.
