In the latest XRP news, Ripple recently moved 200 million coins, sparking speculations in the market. The crypto has managed to hold the $2 support despite recent volatile trading. A renowned analyst has predicted a potential rally for the token ahead to $19, especially after the successful US ETF launch.
Whale Alert reported that Ripple shifted 200 million XRP, worth around $402.78 million, to an unknown address from its wallet. This high-volume transfer has fueled investor concerns and curiosity, with speculations ranging from strategic positioning to OTC trades or internal wallet management. The timing of this move coincides with recent legal developments in the Ripple vs. SEC lawsuit, adding another layer of speculation.
Ripple and the US SEC have submitted a joint legal filing requesting the US Court of Appeals for the Second Circuit to pause the ongoing proceedings. This follows the settlement of major parts of the XRP lawsuit, giving Ripple more flexibility and time to navigate its next legal and business steps. The request to keep the appeal “in abeyance” may influence institutional sentiment, especially after the recent ETF-related excitement.
The first XRP ETF has had a successful launch in the US, sparking market optimism. XRP price has jumped about 1% in the last 24 hours to reach $2.01. Active addresses holding Ripple’s native asset have also reached a new high, indicating growing interest from investors. EGRAG CRYPTO predicts that XRP price may hit $19 or even $45, citing historical trends and the XRP/BTC chart.
Overall, the latest XRP news highlights the potential for a price rally ahead as Ripple continues to make strategic moves and navigate legal developments. The success of the first XRP ETF launch in the US has added to the positive sentiment in the market. With speculations and predictions indicating a possible surge in XRP price, investors are closely watching the developments in the Ripple vs. SEC lawsuit and the overall market dynamics.
