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Crypto Whales Shuffle Nearly 600 Million XRP As Price Slumps 3%

Whale Alert reported large amounts of XRP movement made by crypto whales. Over the past 24 hours, these deep-pocketed investors moved a whopping 592,258,033 (592.25M) XRP worth $222 million in different transactions.

The transaction comes when the XRP community anticipates the final ruling on the lawsuit between Ripple and the SEC. XRP community members are optimistic that the court will grant summary judgment in Ripple’s favor due to predictions made by attorney John Deaton.

Based on this optimism, whales have embarked on a shopping spree for XRP. These deep-pocketed investors took advantage of low XRP prices to scoop up extensive amounts of the cryptocurrency yesterday. At press time, XRP is trading at $0.374, down 3%, according to data from Coingecko.

(By LELE JIMA)

XRP XRP $1.44
+2.15%
XRP
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    Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
    Why is XRP price up today?

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