Critical Claim Answered While Whales Make Move After Move! Did Elon Musk Buy XRP?

XRP, one of the largest cryptocurrencies by market value, has been in the spotlight recently due to significant whale activity and increased activity in the derivatives market. On July 24, on-chain data revealed that whales transferred approximately 77 million XRP coins in a single day. The move coincided with an upcoming closed-door meeting of the U.S. Securities and Exchange Commission (#SEC ), leading to widespread investor speculation about the future of XRP.

Transaction tracker Whale Alert reported that 77.57 million XRP was moved by whale accounts. Among these transactions, a whale address, rarG6FaeYh, accumulated 23.28 million #XRP worth approximately $13.90 million from major exchange Binance. Meanwhile, another prominent whale address identified as ‘..Rzn’ shifted 54.29 million XRP worth $32.30 million to Bitstamp and Bitso exchanges in two separate transactions.

Expectations regarding the closed-door meeting that the SEC will hold on July 25 increase the market's curiosity. It is said that this meeting will also include discussions about Ripple, the company behind XRP. The global cryptocurrency community is eagerly awaiting the outcome, hoping for a resolution to the long-running Ripple and SEC case. An optimistic outcome could potentially lead to a positive increase in the value of XRP.

Meanwhile, the derivatives market for #XRP has marked significant activity indicating strong investor interest. As of the latest data, the price of XRP was trading at $0.62, an increase of 2.57%. The cryptocurrency saw a low of $0.5843 and a high of $0.6297 in the 24-hour trading range.

Meanwhile, the derivatives market for XRP has marked significant activity indicating strong investor interest. As of the latest data, the price of $XRP was trading at $0.62, an increase of 2.57%. The cryptocurrency saw a low of $0.5843 and a high of $0.6297 in the 24-hour trading range.