🐋 XRP whales have pulled 40 million XRP from Bybit, transferring around $23.3 million to private wallets. 🚨 The transaction, flagged by Whale Alert, is adding to speculation about increasing whale activity in Ripple (XRP). 👀
💼 40M XRP Transferred to Unknown Wallet 📈
This significant withdrawal follows a buying spree by major investors, who moved another 30 million XRP tokens earlier this week. 🔄
💰 Exchange Outflow Surges 📉
Data from CryptoQuant, a crypto analytics firm, shows that nearly 71 million XRP tokens were withdrawn from exchanges on Sept. 26 alone. 🔎 Today, over 55 million XRP tokens have exited trading platforms. 🚪💨
📊 Rally on the Horizon? Bulls Gaining Traction 🐂💪
As of Sept. 29, XRP is trading around $0.5888, down 0.68% in the past 24 hours. 📉 Despite this dip, a 17.75% surge in trading volume, now reaching $1.2 billion, suggests growing interest. 📈💥
🔮 If bullish momentum continues, Ryan Lee from Bitget Research predicts a potential 30% price increase 📊 for XRP, driven by optimism around Ripple’s ongoing legal battle with the SEC. ⚖️💼
📣 Analysts See Bullish Momentum Building 🐂💫
Popular crypto influencer Dark Defender tweeted that a breakout is “**imminent**,” calling on the XRP Army to be prepared. 💪🏽🚀 Similarly, Carl Runefelt (aka The Moon 🌕 on X) believes XRP could experience a parabolic surge, targeting $1.34 — a 221% increase 📈💥 if it breaks out of a significant triangle pattern. 🔺✨
⚖️ SEC to Appeal Ripple Ruling, Raising Concerns 😬🚩
A former SEC attorney has suggested that the agency is likely to appeal Judge Analisa Torres’s July 2023 ruling 🏛️, which stated that XRP sales cannot be classified as a security transaction. With the appeal deadline set for Oct. 7, the uncertainty surrounding Ripple’s legal battle is growing. ⏳📅
Stay tuned! 🔔 The XRP community is bracing for potential fireworks ahead. 💥💪
