Whale Alert has reported a transfer of 31 million XRP, worth $16.5 million, from Ripple to an unknown wallet. Another transfer of 27.6 million XRP was made from an unnamed wallet to Bitstamp, a major cryptocurrency exchange. Despite bearish sentiment across the cryptocurrency market, XRP has seen promising price gains within the last 24 hours, trading at $0.5335 with an almost 3% increase, partially due to Grayscale's recent court victory over the SEC. The outcome of the SEC v. Ripple lawsuit will continue to impact XRP's trajectory.
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XRP Price Sees Bulls After Grayscale Victory, as Whale Alert Reports Transfer of 31 Million XRP from Ripple to Unknown Wallet
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