Ripple (XRP) made headlines on Thursday with a large-scale transaction involving 100 million XRP tokens worth $57.92 million. The movement, flagged by Whale Alert, raised concerns within the XRP community as the whale transferred the tokens to Bitso, following similar moves earlier in the week.
This activity comes on the heels of Ripple’s partial legal victory against the U.S. SEC, which many believe could fuel XRP’s price surge. However, analysts are divided: some see it as a precursor to a price rally, citing legal clarity and Ripple’s global partnerships. Others, wary of potential large-scale sell-offs, argue this could exert downward pressure on XRP's price.
With XRP trading around $0.59, the market remains split on its long-term outlook, as concerns over regulatory challenges and whale activity continue to cloud investor sentiment. XRP holders are advised to stay vigilant in this uncertain environment.
