🐋 XRP whales have moved 40 million XRP from Bybit, transferring approximately $23.3 million to private wallets. 🚨 Whale Alert flagged the massive transaction, fueling speculation of heightened whale activity in Ripple (XRP). 👀
💼 40M XRP Moved to Unknown Wallet 📈
This large-scale transfer adds to the ongoing buying spree by major investors, who also shifted 30 million XRP tokens earlier this week. 🔄
💰 XRP Exchange Outflow 📉
According to CryptoQuant, a crypto analytics firm, nearly 71 million XRP tokens were pulled from exchanges on Sept. 26. 🔎 So far today, more than 55 million tokens have exited trading platforms. 🚪💨
📊 Potential Rally on the Horizon? Bulls Gaining Momentum 🐂💪
As of Sept. 29, XRP is priced around $0.5888, down 0.68% over the last 24 hours. 📉 However, a 17.75% spike in trading volume, now at $1.2 billion, indicates growing interest. 📈💥
🔮 If bullish trends continue, Ryan Lee from Bitget Research predicts a potential 30% price surge 📊 for XRP, citing potential positive developments in Ripple’s ongoing legal case with the SEC. ⚖️💼
📣 Analyst Sentiment: Bullish Outlook Ahead 🐂💫
Popular crypto influencer Dark Defender tweeted that a breakout is “**imminent**,” rallying the XRP Army to prepare. 💪🏽🚀 Meanwhile, Carl Runefelt, known as The Moon 🌕 on X, posted that XRP could see a parabolic surge, aiming for $1.34 — a 221% gain 📈💥 if it breaks out of a massive triangle pattern. 🔺✨
⚖️ SEC Set to Appeal Ripple Ruling, Sparking Concerns 😬🚩
A former SEC attorney has indicated that the agency will likely appeal Judge Analisa Torres’s July 2023 ruling 🏛️, which stated that XRP sales cannot be classified as a security transaction. The appeal deadline is set for Oct. 7, adding a layer of uncertainty to Ripple’s legal landscape. ⏳📅
Stay tuned! 🔔 The XRP community is bracing for potential fireworks ahead. 💥💪
