Amid the ongoing turbulent day for the major cryptocurrencies, the XRP price has taken a 4% dip alongside a broader market selloff. Yet, amid this downturn, the movement of a significant volume of XRP by an unidentified whale has raised eyebrows, especially given its timing just ahead of the SEC’s filing deadline in the Ripple lawsuit case. So, let’s take a closer look into the latest development and see what lies ahead for the XRP crypto.
Whale Transaction Sparks Speculation
A recent whale transaction involving the transfer of 30.53 million XRP, worth approximately $15.92 million, to Bitstamp, has triggered speculation within the cryptocurrency community. This substantial movement of XRP coincides with mounting uncertainty surrounding the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
Meanwhile, the market participants seem to be divided in their interpretations, with some viewing it as a strategic selloff maneuver by concerned wh
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