đ XRP whales have moved 40 million XRP from Bybit, transferring approximately $23.3 million to private wallets. đš Whale Alert flagged the massive transaction, fueling speculation of heightened whale activity in Ripple (XRP). đ
đŒ 40M XRP Moved to Unknown Wallet đ
This large-scale transfer adds to the ongoing buying spree by major investors, who also shifted 30 million XRP tokens earlier this week. đ
đ° XRP Exchange Outflow đ
According to CryptoQuant, a crypto analytics firm, nearly 71 million XRP tokens were pulled from exchanges on Sept. 26. đ So far today, more than 55 million tokens have exited trading platforms. đȘđš
đ Potential Rally on the Horizon? Bulls Gaining Momentum đđȘ
As of Sept. 29, XRP is priced around $0.5888, down 0.68% over the last 24 hours. đ However, a 17.75% spike in trading volume, now at $1.2 billion, indicates growing interest. đđ„
đź If bullish trends continue, Ryan Lee from Bitget Research predicts a potential 30% price surge đ for XRP, citing potential positive developments in Rippleâs ongoing legal case with the SEC. âïžđŒ
đŁ Analyst Sentiment: Bullish Outlook Ahead đđ«
Popular crypto influencer Dark Defender tweeted that a breakout is â**imminent**,â rallying the XRP Army to prepare. đȘđœđ Meanwhile, Carl Runefelt, known as The Moon đ on X, posted that XRP could see a parabolic surge, aiming for $1.34 â a 221% gain đđ„ if it breaks out of a massive triangle pattern. đșâš
âïž SEC Set to Appeal Ripple Ruling, Sparking Concerns đŹđ©
A former SEC attorney has indicated that the agency will likely appeal Judge Analisa Torresâs July 2023 ruling đïž, which stated that XRP sales cannot be classified as a security transaction. The appeal deadline is set for Oct. 7, adding a layer of uncertainty to Rippleâs legal landscape. âłđ
Stay tuned! đ The XRP community is bracing for potential fireworks ahead. đ„đȘ