XRP Whales on the Move: 360 Million Tokens Transferred

• XRP whales have been making large transactions as the SEC vs Ripple lawsuit finally comes to a close, with over 360 million XRP tokens worth around $192 million being transferred in the past 24 hours.
• XRP has risen by 0.5% in the past 24 hours, reaching $0.535868, as the crypto exchange Binance faces legal complications from the CFTC and 94.4 million XRP tokens worth approximately $50.5 million were moved from it to an unknown wallet.
• Ripple CEO Brad Garlinghouse expects an end to the case this year and believes that if the decision is positive it would push XRP’s price to extreme highs.

XRP Whales on the Move

XRP whales have been making large transactions as the SEC vs Ripple lawsuit finally comes to a close, with over 360 million XRP tokens worth around $192 million being transferred in the past 24 hours. The biggest transaction was for 100 million XRP tokens worth approximately $53.4 million while whales went on an accumulation spree of 146 million XRP tokens worth approximately $78 million added to their wallets during this time period.

Rise in Price

XRP has risen by 0.5% in the past 24 hours, reaching a current price of $0.535868, despite red indexes for other cryptocurrencies at present and a 1.5% fall across all digital assets in general market conditions . Conventional indicators suggest that XRIP is overbought but its prolonged undervaluation means these may be disregarded due to further potential gains expected if predictions come true for its future performance.

Binance Targeted by Whales

Whales have been targeting Binance specifically with 60.3 million XRP tokens worth approximately $32.3 million into their wallets while 94.4million XPR Tokens worth approximately $50million have also been moved out of Binance due to ongoing legal complications between them and CFTC (Commodity Futures Trading Commission).

Garlinghouse’s Prediction

Ripple CEO Brad Garlinghouse has repeatedly said that he expects an end to the case this year and his position hasn’t changed despite recent market action which could result in positive movement of prices if his predictions are correct and Ripple are able continue their business operations without any legal roadblocks or issues arising from them again in future trading days ahead .

Conclusion

Despite some indicators suggesting that XPR’s price is now overbought following a surge yesterday ,the cryptocurrency had previously been dramatically undervalued for some time prior so it’s possible these warnings can be ignored due to further potential gain expectations based on predictions given by Brad Garlinghouse for its future development .