On May 20, XRP experienced significant whale activity, with 283 million XRP transferred, including a notable 33 million XRP to Bitstamp and 250 million XRP accumulated from Coincheck. These movements, alongside the ongoing Ripple vs. SEC lawsuit, have stirred mixed market sentiments. XRP's price dipped 1.77% to $0.5122 in the past 24 hours. Despite the volatility, crypto analyst Dark Defender predicts a bullish trend, noting the XRP/BTC pair's support levels and a potential drop in Bitcoin dominance from 56% to 44% by year-end, indicating possible portfolio diversification into XRP.
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