Massive Accumulation
In a significant development, Ripple whales have accumulated 47 million XRP, valued at approximately $29.1 million, ahead of the U.S. Securities and Exchange Commission's (SEC) appeal deadline. This substantial accumulation has sparked optimism regarding the token's future price action.
Whale Activity
According to blockchain tracker Whale Alert, two unknown whale addresses collectively made the massive accumulation on September 30. The breakdown includes:
- 31 million XRP ($19.79 million) transferred from Upbit to an unknown wallet address (rB2uUZQCjo)
- 16 million XRP ($10.31 million) transferred from Upbit to another unknown wallet address (r4186vVNuH)
Market Impact
These colossal accumulations underscore increased investor confidence in XRP's potential, reverberating market optimism about future movements. At press time, XRP traded above $0.62, maintaining a bullish stance amid rising whale activity and lawsuit developments.
SEC Appeal Deadline Looms
Pro-Ripple attorney Fred Rispoli estimates a 60% chance of the SEC filing an appeal, while Ripple president Monica Long asserts that the lawsuit has concluded, yielding significant regulatory clarity. The Ripple community eagerly awaits a final decision.
Expert Insights
Rispoli notes that the stakes are high, emphasizing the importance of the outcome. Long's confidence in Ripple's regulatory clarity suggests a positive outlook for the token.
Market Sentiment
The combination of whale accumulations and lawsuit developments has sparked discussions across the broader market. Investors are cautiously optimistic, awaiting the SEC's next move.
Key Takeaways
- Ripple whales accumulate 47 million XRP ahead of SEC's appeal deadline
- XRP price maintains bullish stance above $0.62
- SEC appeal deadline looms, with expert predictions divided
- Ripple president Monica Long confident in regulatory clarity
- Market sentiment cautiously optimistic
Stay informed about Ripple's developments and cryptocurrency market trends.

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Set to be a pivotal addition to Ripple's ecosystem, the anticipated launch of Ripple USD (RLUSD), a stablecoin pegged to the U.S. dollar, was expected to happen this year. The XRP Ledger (XRPL) and Ethereum were initially selected as the primary platforms for RLUSD's release. However, recent developments indicate potential changes to this plan.
RLUSD is expected to launch on Ethereum this year or potentially on XRPL, though with limitations. Specifically, it could debut on XRPL without full integration into the Automated Market Maker (AMM), restricting its initial use to the decentralized exchange (DEX) order book.
It is limited by the clawback feature that still does not allow RLUSD to be used in XRPL's AMM. Some changes are being worked on to fix this quirk; one is called XLS-73, which focuses on improving the AMM's interaction with frozen assets. Another such amendment, XLS-77, aims to set up a stricter freeze on trust lines and thus block the movement of RLUSD by blocklisted accounts.
The post "Ripple USD (RLUSD) Launch Faces Platform and Functionality Challenges" first appeared on 36crypto.com News
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Prominent XRP community figure WrathofKahneman addresses speculations surrounding Ripple’s upcoming stablecoin RLUSD. 

Read more on: https://thecryptobasic.com/2024/09/30/pro-xrp-expert-addresses-rumors-surrounding-ripple-stablecoin/
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In a bold forecast, crypto analyst Cryptotank predicts that $XRP , the native token of Ripple, could potentially reach a $1,000 valuation. Despite XRP's turbulent journey, marked by regulatory challenges like the SEC vs. Ripple lawsuit, Cryptotank argues that the token’s growing utility in the global financial system will drive its value to unprecedented levels.
At the core of Cryptotank’s analysis is the potential adoption of RippleNet by major financial institutions, particularly its integration with SWIFT’s cross-border payment system. SWIFT, which currently manages $5-$7 trillion in daily transactions, only handles messaging, not settlement. RippleNet, using XRP, could handle both in under five seconds at a fraction of the cost. While SWIFT transactions cost $20-$50, XRP’s cost is mere pennies.
Cryptotank argues that if banks settle just 10% of SWIFT's daily volume with XRP, this would require $1 trillion in liquidity, pushing XRP's price to $100 per token. With broader adoption by more institutions, the analyst believes XRP’s price could climb to $1,000.
This forecast comes amid Ripple’s recent beta testing of RLUSD, a stablecoin on the XRP Ledger and Ethereum networks, which could further enhance XRP’s utility. Currently, XRP trades at $0.65, reflecting a 4.47% gain over the past 24 hours.
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Xrps future looks promising, considering its recent legal troubles are behind it. The court case with the SEC has concluded, and Ripple Labs was ordered to pay $125 million, a significantly lower sum than the $2 billion initially sought . This development has turned sentiment around XRP to optimistic.

*Short-term predictions:*

- For the next 30 days, XRP's price is expected to remain stable, with potential highs and lows between $0.58 and $0.61 .
- By the end of 2024, XRP's price may reach lows of $0.30 and highs of $0.98, with a median price of $0.60 .

*Long-term predictions:*

- In 2025, XRP's price is expected to surge, potentially reaching highs of $4.12 and lows of $0.80, with an average price of $2.30 ¹.
- By 2026, XRP's price may stabilize, with highs of $3.80 and lows of $1.98, and an average price of $2.90 .
- In 2027 and beyond, XRP's continued uptake and growing institutional use are expected to drive its value, potentially leading to new all-time highs .

Keep in mind that these predictions are based on current market trends and the assumption that XRP will continue to grow in adoption and use cases. As with any cryptocurrency, investing in XRP carries risks, and it's essential to do your own research and consider multiple sources before making any investment decisions.