The deadline for the US Securities and Exchange Commission (SEC) to appeal the ruling in its case against Ripple is set for October 7.

Read more on: https://thecryptobasic.com/2024/10/01/fox-journalist-analyzes-regulatory-implications-as-deadline-for-sec-appeal-in-the-ripple-case-looms/
#Ripple💰 #SECCryptoRule #Crypto #CryptoNewsCommunity #CryptoNewsUSA

Over the past 24 hours, the cryptocurrency community has been buzzing about the massive movement of over 400 million XRP. This staggering transfer has sparked widespread speculation about its implications for Ripple and the broader crypto market.
Key Details of the $XRP Transfers
According to Whale Alert, a popular blockchain tracker, multiple high-value XRP transactions occurred on September 25, 2024. The largest of these transactions included four consecutive transfers between two blockchain addresses, with each carrying 95 million to 98 million XRP. These transfers alone totaled more than $224 million. Additionally, 17.2 million XRP were moved to the Bitstamp exchange, raising concerns that this may be linked to potential sales or liquidity moves.
What Does This Mean for Ripple?
The high volume of XRP transactions could point to several possible explanations. First, the internal transfers may be platform-related—perhaps Ripple or an associated entity is reallocating its assets for operational purposes. Alternatively, some analysts suggest that Ripple could be boosting liquidity for its payment solutions or preparing for regulatory compliance actions related to international money transfers.
The transfer of XRP to Bitstamp, specifically, is being viewed as a sign that large holders might be planning to sell, or that Ripple is further supporting liquidity on exchanges. While the exact reason behind these movements remains unclear, such high-value transactions tend to raise questions about the stability and future price movements of $XRP .

Market Impact
The sheer scale of these transfers has caught the attention of both investors and crypto enthusiasts. Although XRP's price has not shown drastic changes following the transfers, the volume and speed of these transactions reflect the dynamic nature of the cryptocurrency market and Ripple's central role in it. Traders should monitor these developments closely, as large transfers can sometimes precede market shifts.
Conclusion
Whether for liquidity purposes, internal fund transfers, or market positioning, the movement of 400 million XRP is a significant event. Investors should keep an eye on Ripple's future moves, as well as any potential impact on XRP prices in the short to medium term.
By staying informed and understanding the broader context of such transactions, cryptocurrency enthusiasts can better navigate market trends and make more strategic decisions.
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#Xrp🔥🔥 #ripple #ETF #Ripple💰 #XRPPredictions

The U.S. Securities and Exchange Commission (SEC) has just a few days left to file an appeal regarding the recent ruling in the Ripple case. This ruling, which recognized secondary XRP token sales as non-securities, marked a significant moment in the ongoing legal battle. The deadline for the SEC to challenge the decision is October 7, and all eyes are on the agency’s next move.
The ruling by Judge Analisa Torres provoked a positive response from Ripple and the entire crypto society because it gave at least some clarity on the situation with XRP.
The ruling also drew a clear line between selling institutional tokens and selling tokens in the secondary market, at which the latter was deemed non-security sales. At the same time, many experts considered this decision in favor of Ripple; however, the situation has not been solved to the maximum extent, and contradictions still exist concerning token sales in legal commentary.
Potential Appeal Expected from the SEC
Marc Powers, a former SEC enforcement attorney, believes the agency is likely to challenge Judge Torres’ ruling. He suggests that the SEC might seek an appeal to clear up the confusion surrounding the classification of different types of token sales. The other judge, Jed Rakoff, made a similar decision and dismissed the approach that Torres used, creating many internal legal disputes.
However, not everybody is sure that the SEC will challenge this decision to the appeal level. Some critics have said that the agency would not do so. Such remarks have been echoed by former chief of the SEC’s Cyber Unit, Kristina Littman. She pointed out that the SEC may not care about this being brought to another circuit court since the latter would seem to carry the force of law.
Ripple’s chief legal officer, Stuart Alderoty, joined the comments on this matter. Though he agreed that it is imaginable to get an appeal from the SEC, he advanced the hope that Ripple’s victory on the legal classification of XRP will remain solid if the case proceeds.
The post "SEC Faces Approaching Deadline to Appeal Ripple Ruling" first appeared on 36crypto.com News.
#BinanceLaunchpoolHMSTR #Ripple💰 #Xrp🔥🔥 #RippleVsSEC

Ripple, the leading payment company based in San Francisco, has unlocked 1 billion XRP from escrow as part of its regular monthly process.
1 Billion XRP Released Through Three Transactions
This morning, 1 billion XRP worth approximately $621.78 million was unlocked in three separate transactions. Data from #WhaleAlert showed that the first release of 500 million XRP (worth around $310.64 million) occurred at 02:53 UTC. Six minutes later, a second release of 400 million XRP (worth around $248.88 million) followed. The final transaction unlocked 100 million XRP (worth approximately $62.24 million) at 03:00 UTC.
800 Million XRP Expected to Be Re-locked in Escrow
Following this routine operation, #Ripple💰 is expected to re-lock 800 million #Xrp🔥🔥 back into escrow, as is typical for the company. Ripple traditionally locks 80% of the unlocked funds, while the remaining 200 million $XRP is available for various business purposes.
In the past, Ripple has similarly unlocked 1 billion XRP, re-locking 80% while the remaining 200 million XRP may have been used for operational development or sales.
Speculation Surrounding SEC Payment
An interesting detail is that these transactions coincide with Ripple's $125 million #Payment the U.S. Securities and Exchange Commission ( #SEC ), following violations of federal securities laws. This has led to speculation that Ripple might use part of the released 200 million XRP to cover this fine.
XRP Price Drops by 4.26% in 24 Hours
Currently, the price of XRP has dropped by 4.26%, trading around $0.6203 in the last 24 hours. Despite this, XRP has shown a 5.26% increase over the past seven days and a 11.09% increase over the last month.

This price drop is likely due to broader market corrections rather than being directly caused by the release of XRP from escrow.

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

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
#XRPGoal #Ripple💰 #RLUSD #XRPL #BinanceLaunchpoolHMSTR

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.

#Ripple💰
#BinanceLaunchpoolHMSTR
#EIGENonBinance
#Write2Earn!
$HMSTR
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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/
#Ripple💰 #Crypto #CryptoNewsCommunity #CryptoNewsUSA #CryptoNews🚀🔥V