Ripple’s XRP surged over 9% to $0.65, driven by SEC amendments to the Binance lawsuit, raising hopes for a swift settlement of the long-standing SEC Ripple lawsuit.
XRP whale activity has spiked, with 279,400 wallets holding at least 10,000 XRP, the highest in six months. This accumulation correlates strongly with XRP’s market value growth.
Analysts suggest that removing other altcoins from the ‘securities’ category could expedite the Ripple case. Ripple CEO Brad Garlinghouse criticized the SEC’s inconsistent regulatory practices.
The 133% increase in daily trading volumes to $2.726 billion indicates strong market confidence. A breakout above $0.90 could lead XRP to its all-time high.
