The struggle between XRP and the U.S. Securities and Exchange Commission (SEC), one of the biggest lawsuits in the crypto world, remains unresolved. Despite interim victories, XRP has not achieved a definitive win. Ripple’s next steps are uncertain, and market analysts remain optimistic despite the lawsuit’s pressure and the general market decline.
Whale Activity and XRP Movements
Whales play a significant role in XRP, as in all cryptocurrencies. Recently, their activity has intensified, with transactions between wallets and exchanges increasing. A significant transaction occurred recently: over 102 million XRP, valued at over $50 million, was transferred from one unknown wallet to another. Earlier in the day, XRP was also moved to exchanges, hinting at a possible sale. Considering the recent market decline, a drop in altcoin value seems expected.
Analyst’s XRP Commentary
XRP, a long-time member of the top 10 cryptocurrencies, faces challenges, but optimistic analyst Dark Defender’s positive outlook has excited investors. In his statement on X, the analyst shared a chart and commented:
XRP Price Update
Looking at XRP’s price, things are not going well. After a recent victory in the SEC lawsuit, the price rose above $0.60 but failed to maintain stability. The current situation has worsened. As of writing, XRP is trading at $0.5209, following a 4.67% drop in the last 24 hours. XRP’s market cap has fallen back to $29 billion, while trading volume increased by 43% to $1.2 billion.
Thus, despite ongoing legal difficulties and market pressure, XRP retains support from analysts and investors. Ripple's future steps and further price movements of the cryptocurrency will be closely watched by market participants.
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