đ XRP whales have pulled 40 million XRP from Bybit, transferring around $23.3 million to private wallets. đš The transaction, flagged by Whale Alert, is adding to speculation about increasing whale activity in Ripple (XRP). đ
đŒ 40M XRP Transferred to Unknown Wallet đ
This significant withdrawal follows a buying spree by major investors, who moved another 30 million XRP tokens earlier this week. đ
đ° Exchange Outflow Surges đ
Data from CryptoQuant, a crypto analytics firm, shows that nearly 71 million XRP tokens were withdrawn from exchanges on Sept. 26 alone. đ Today, over 55 million XRP tokens have exited trading platforms. đȘđš
đ Rally on the Horizon? Bulls Gaining Traction đđȘ
As of Sept. 29, XRP is trading around $0.5888, down 0.68% in the past 24 hours. đ Despite this dip, a 17.75% surge in trading volume, now reaching $1.2 billion, suggests growing interest. đđ„
đź If bullish momentum continues, Ryan Lee from Bitget Research predicts a potential 30% price increase đ for XRP, driven by optimism around Rippleâs ongoing legal battle with the SEC. âïžđŒ
đŁ Analysts See Bullish Momentum Building đđ«
Popular crypto influencer Dark Defender tweeted that a breakout is â**imminent**,â calling on the XRP Army to be prepared. đȘđœđ Similarly, Carl Runefelt (aka The Moon đ on X) believes XRP could experience a parabolic surge, targeting $1.34 â a 221% increase đđ„ if it breaks out of a significant triangle pattern. đșâš
âïž SEC to Appeal Ripple Ruling, Raising Concerns đŹđ©
A former SEC attorney has suggested that the agency is likely to appeal Judge Analisa Torresâs July 2023 ruling đïž, which stated that XRP sales cannot be classified as a security transaction. With the appeal deadline set for Oct. 7, the uncertainty surrounding Rippleâs legal battle is growing. âłđ
Stay tuned! đ The XRP community is bracing for potential fireworks ahead. đ„đȘ
