🚀 Exciting developments for Ripple's XRP! Following the SEC's amendment to the Binance lawsuit, XRP has surged over 9%, now surpassing $0.65 with a market cap of $36.5 billion. It's reclaimed the sixth spot, flipping USDC.
🐋 Whale activity has skyrocketed too, with a significant increase in addresses holding 10,000+ XRP. Santiment data reveals a return to a six-month high of 279,400 such addresses. This surge in large wallets often correlates strongly with XRP's market value.
📈 Analysts speculate that the SEC's action, removing several altcoins from the 'securities' category, may expedite the settlement of Ripple's long-standing lawsuit. Ripple CEO Brad Garlinghouse criticized the SEC for inconsistent regulatory practices, suggesting a potential shift in XRP's regulatory outlook.
🔍 XRP's price surge to $0.65 coincides with a 133% increase in daily trading volumes, now at $2.726 billion. It's comfortably trading above key moving averages and has shown a bullish breakout pattern, potentially targeting resistance at $0.90 and beyond.
Will XRP break its 6-year price consolidation with a push towards its all-time high? Stay tuned as the crypto landscape continues to evolve! 🌐💬 #XRP #CryptoNews🚀🔥 #Ripple💰 #SECApproval #CryptocurrencyAnalysis