XRP News: Whales Shift 130M Coins Ahead of Key Filing in Ripple Vs SEC Case

Coingapestaff
January 15, 2025
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
XRP News: Whales Shift 130M Coins Ahead of Key Filing in Ripple Vs SEC Case

Highlights

  • XRP whales shuffle over 100M coins amid a new legal maneuver in the Ripple vs SEC case.
  • Ripple and SEC filed stipulation regarding delay in appeal and cross appeals document submission.
  • XRP price soars amid broader market recovery, with further gains in the pipeline.

XRP News: In a riveting turn of events, crypto whales have recently shifted over 100 million of Ripple’s native coin, sparking speculations as new developments in the ongoing lawsuit against the U.S. SEC unfold. The latest whale data indicated over 130 million coins were transferred, while both parties filed a stipulation regarding appeal and cross-appeal appendix submission delay in the XRP lawsuit.

As a result, traders and investors are now extensively monitoring the token for price action shifts amid a broader crypto market recovery sentiment brewing.

Advertisement
Advertisement

XRP News: Whales Shuffle Heavily Sparking Speculations

According to recent data from Whale Alert on X, two massive whale transactions collectively aided in the transfer of 130 million XRP in the past 24 hours. As per the Whale Alert data, 100 million coins, worth $265.46 million, were shifted from the unknown address rP4X2… to rhWt2…

Further, 30.17 million coins, worth $80.59 million, were dumped to Coinbase by the address rUvEC2. Altogether, these whale transactions, occurring amid Ripple and the U.S. SEC’s decision to file a stipulation, have echoed a market frenzy amid the broader sector’s reflection of a recovery trend.

Advertisement
Advertisement

Ripple & SEC File Stipulation Related To Cross Appeals

Meanwhile, in another buzzworthy XRP news, the American blockchain payments company and the U.S. SEC have filed a stipulation in the ongoing XRP lawsuit. According to defense attorney James K Filan, both parties have agreed on a timeline to file a deferred appendix related to cross-appeals.

Notably, this signals that the SEC and Ripple agreed on the timeline for filing key documents related to the cross-appeals, i.e., “21 days after appellee’s (SEC’s) brief is served.” Also, “The SECGov’s opening brief still must be filed by tomorrow,” Filan added. Overall, as this new legal maneuver unfolds, the massive whale transactions mentioned above have added a layer of intrigue among market participants.

Advertisement
Advertisement

What’s Next For XRP Price?

At the time of reporting, XRP price witnessed gains worth 7% intraday and is currently sitting at $2.75. The coin’s 24-hour low and high were $2.55 and $2.89, respectively. Notably, the coin rises alongside the broader market recovery, as mentioned above.

Further, rising activity across the crypto’s network has added to optimism among investors. Notably, renowned crypto market analyst Ali Martinez recently revealed that the number of transactions with a value of over $1 million has risen substantially across the XRP network. This bullish dynamic, underscoring heightened market interest, tilts the scales towards the optimistic side for the crypto.

XRP metrics by Ali Martinez

Simultaneously, a recent XRP price analysis by CoinGape revealed that a $3.5 price target for the crypto also looms. This bullish forecast comes against the backdrop of strong market technicals, rising odds of XRP ETF and broader market trends. Overall, the abovementioned dynamics have emerged as some of the most impactful XRP news, sparking speculations across the crypto community.

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.