Ripple Moves 150 Million XRP, Fueling An 11% Price Surge

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Ripple Moves 150 Million XRP, Fueling An 11% Price Surge - NewsBTC

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The fact that Ripple is still in a continuous legal fight with the Securities and Exchange Commission further shrouds this issue in mystery as investors await the next developments.🚨 🚨 🚨 🚨 150,000,000 #XRP (85,383,318 USD) transferred from #Ripple to unknown wallet — Whale Alert (@whale_alert) September 13, 2024 Examining The Movement According to Whale Alert data, this mysterious wallet has been receiving XRP from Ripple quite regularly since October 2023.

Related Reading: Blazing Solana: Analyst Foresees Nearly 700% Price Explosion Ripple has been sending XRP into this wallet before, which begs questions about what the payment behemoth would do going forward.

Related Reading: Shiba Inu Seen Exploding 1,000%-7,300%: Bold Predictions Signal Massive Growth The concept of an XRP ETF has helped the market react favorably despite legal impediments.With XRP trading at $0.5612, the price surged by nearly 4% after Grayscale’s statement.