Despite the digital asset market’s recent stagnancy, Ripple (XRP) is showing some green indexes on Tuesday as the market shows a slight recovery. It’s like we’re finally seeing some light at the end of the tunnel!
The XRP price has been stagnant over the past few weeks due to Ripple’s ongoing lawsuit with the SEC, but hey, there’s always a silver lining. The latest ruling in the case might give the XRP price the kick in the pants it needs to start moving upward. Fingers crossed!
Crypto Whales Make Waves with Ripple
According to WhaleAlert, crypto whales have been moving a whopping 364 million XRP tokens (worth approximately $135 million) in multiple tranches across various crypto exchanges. That’s a lot of XRP! The biggest transaction so far was a move of 144 million XRP tokens worth approximately $53.5 million. Talk about making waves!
Interestingly enough, a wallet named “Ripple” moved $37 million worth of 100 million XRP tokens to an unknown wallet. Who knows what they’re up to, but it’s definitely something to keep an eye on!
XRP Holds Steady Despite Legal Troubles
Despite the ongoing lawsuit with the SEC, Ripple’s XRP is holding steady with a market cap of around $19 billion. XRP’s 24-hour trading volume is also up by 18%, standing at $1.12 billion. This shows that XRP investors are still holding strong and have faith in Ripple’s native cryptocurrency, despite the legal troubles it’s facing.
It’s no secret that the digital asset market can be a wild ride, but Ripple investors are in it for the long haul. Let’s raise a glass to the future of XRP and hope that it continues to make waves in the market!
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