đŽ WHALES KNOW SOMRTHING BIG ABOUT $XRP đŽ
XRP whales have aggressively bought over 140 million XRP, valued at approximately $84 million, in the past week, signaling bullish sentiment. Since July 5, XRP has increased by about 40%, reaching highs of $0.637. This rise coincided with an increase in new addresses and total engagement on the XRP Ledger network, reaching their highest levels since March.
On-chain data shows that whale and shark accumulation, particularly wallets holding over 100,000 XRP, has driven the price rally, with these wallets now holding 85% of the total supply. After dropping to $0.54 on July 19 and rebounding, XRP surged for four days before facing profit-taking. Currently, XRP is trading at $0.6011, up 0.10% in the last 24 hours.
Anticipation grows regarding the Ripple lawsuit resolution. Ripple CEO Brad Garlinghouse mentioned potential settlement talks with the SEC, expecting a resolution soon. The case is significant for the SECâs jurisdiction scope, with a recent court decision stating that XRP sales to retail investors are not investment contracts.
#Xrpđ„đ„ #MtGoxJulyRepayments #BinanceHODLerBANANA #Bitcoin_Coneference_2024
