XRP Holds $0.51; Whales Move 70 million XRP
XRP News: Ripple’s native crypto, XRP price has been stagnant over a long period of time due to facing uncertain future possibilities pushed by the U.S. Securities and Exchange Commission (SEC). Despite facing legal troubles from the commission, XRP price surge in the last 30 days has managed to beat Bitcoin, the world’s largest crypto.
Also Read: SEC Losing Grip On Supreme Court Case; Will This Help Ripple?
XRP Price Surge Beat Bitcoin
As per the data, XRP price jumped by 37% over the last 30 days. However, it printed red indexes over the past 24 hours. Ripple’s native crypto is trading at an average price of $0.513, at the press time. It should be noted that the recent XRP price surge has come in accordance with the recent filings in the US SEC Vs XRP lawsuit.
The defendants in the case submitted their reply to the SEC’s letter of Supplemental Authority in order to strengthen their motion for summary judgment. While Ripple’s legal chief stated that the US SEC is on the Supreme Court Case losing spree. The commission has lost around 5 of its last 6 supreme court cases. This sent a sense of confidence in the XRP community of a likely win in the US SEC Vs Ripple Lawsuit.
Also Read: Coinbase Airdrops 601 Million Flare (FLR) Tokens To XRP Holders; What’s Next?
Crypto whales have been quite active during this time as they bought around 49 million XRP tokens (approx worth $25 million) in the last 24 hours. The biggest transaction recorded by the tracker has been of adding $12.94 million worth of 25.3 million XRP from Binance crypto exchange.
However, a whale dumped more than 20 million XRP (approx worth $10.5 million) on the Bitstamp crypto exchange in the last 24 hours.
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