Two significant XRP transactions totaling nearly 500 million XRP were recently made, with one worth $213 million and another valued at $13 million. The latter transaction was attributed to Ripple Labs and sent to Bitstamp exchange.
These large XRP transactions coincide with Ripple’s legal victories against the SEC, which have led to increased optimism and price predictions for XRP. The upcoming court battle scheduled for April 2024 could have significant implications for the cryptocurrency market and US regulation.According to Whale Alert, two whales have moved nearly 500 million XRP in the last 24 hours.
Ripple’s recent victories have opened the door for many analysts to weigh in their price predictions — some even go as far as predicting $240 per token. You can check some of the XRP price predictions in our recent video on the matter:left until Ripple and the SEC battle it out in court; the trial is scheduled for April 23, 2024, and its outcome could have significant implications for the cryptocurrency market and the regulatory environment in the US.
Meanwhile, it’s worth noting that all of this is happening as Bitcoin’s price is rallying to levels not seen since early 2022.Google’s Swift Move Towards Web3 Adoption: Advancements and ImplicationsSix Important Considerations for the Ethereum Price Going in Q4 2023
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