Claim BonusCoinbase Leading XRP Price Surge? Whales Add 139 Mln XRP
XRP Price Surge: Judge Analisa Torres on Tuesday granted Coinbase’s request to file Amicus Brief in the support of Ripple Fair Notice Defense. This major update in the Ripple lawsuit has directly pushed the XRP price to shoot up. However, this has also spiked the whales’ interest in the XRP.
Will XRP price surge continue?
As per Attorney James Filan, Coinbase, a cryptocurrency exchange has filed its Amicus Brief in the support of Ripple. The exchange has slammed the SEC over rulemaking for Digital assets in its fillings.
Coinbase mentioned that formal rulemaking has led to an unexpected enforcement action like this. It has created market uncertainty and massively hit U.S. trading platforms like Coinbase. It is difficult to compete with offshore platforms in jurisdictions where there is minimum regulatory risk.
It is good news for Ripple in the long running legal tussle with the SEC. As Coinbase was one of the first crypto exchanges to delist and halt trading in XRP after the commission took legal action against Ripple.
However, this update has helped the Ripples native token price to surge amid increased selling pressure. XRP prices have jumped by a whopping 16% to emerging as the most gained crypto in the last 24 hours. XRP is trading at an average price of $0.376, at the press time. Its 24 hour trading volume is up by 26% to stand at $2.3 billion.
Are whales on XRP buying spree?
Whale Alert reported that some crypto whales are on a buying spree. Whales have added more than 139 million XRP tokens in the last 24 hours. The total whale accumulation of XRP is worth around $54 million.
As per data, whales added $22.4 million worth of XRP from Bitstamp, crypto exchange. This is recorded to be the biggest transaction recorded by the platform.
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.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Bitcoin Price Today As Bulls Defend $65K–$66K Zone Amid Geopolitics and Tariffs Tensions
- XRP Realized Losses Spike to Highest Level Since 2022, Will Price Rally Again?
- Crypto Market Rises as U.S. and Iran Reach Key Agreement On Nuclear Talks
- Trump Tariffs: U.S. Raises Global Tariff Rate To 15% Following Supreme Court Ruling
- Bitwise CIO Names BTC, ETH, SOL, and LINK as ‘Mount Rushmore’ of Crypto Amid Market Weakness
- Pi Network Price Prediction: How High Can Pi Coin Go?
- Dogecoin Price Prediction Feb 2026: Will DOGE Break $0.20 This month?
- XRP Price Prediction As SBI Introduces Tokenized Bonds With Crypto Rewards
- Ethereum Price Rises After SCOTUS Ruling: Here’s Why a Drop to $1,500 is Possible
- Will Pi Network Price See a Surge After the Mainnet Launch Anniversary?
- Bitcoin and XRP Price Prediction As White House Sets March 1st Deadline to Advance Clarity Act
