Will the Ripple Legal Case Be Resolved? Whales Transport 618 Millions XRP

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The XRP world is getting ready for the much-awaited Summary Judgment in the protracted Ripple v. SEC dispute. John Deaton, an attorney who is an Amicus Curiae in the XRP litigation, published a Twitter survey to get opinions on how the issue should be resolved in 2023.

While the vote rippled across the internet, Whale Alert observed a small number of huge whales transferring Ripple coins. In many contracts over a short time, crypto whales exchanged approximately 618,000,000 XRP, or nearly $221,000,000, according to the data analysis.

Key Ripple Levels To Watch: December 30

In May, there was a significant drop, shattering the market’s structure. The price increased steadily from June through September, totally closing the fair value gap.

TradingView Chart

The market fell right after closing the Fair Value Gap without breaching the $0.5600 barrier level. Price is seeking to break through June’s low by reaching the $0.30000 mark.

To increase the velocity of the slide, the price is currently anticipated to close the Fair Value Gap. The whales’ large XRP move is expected to cause the price to fall significantly.

Ripple Key Levels

Resistance levels: $0.5600,$0.6600,$0.8000
Support levels: $0.3000,$0.2000,$0.1000

Total MarketCapitalization:$797.40B
Ripple MarketCapitalization:$17.32B
Ripple Volume:$0.86B
Market rank:6

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.