{"id":52045,"date":"2025-03-15T03:30:56","date_gmt":"2025-03-15T03:30:56","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=52045"},"modified":"2025-03-15T03:30:56","modified_gmt":"2025-03-15T03:30:56","slug":"200-million-xrp-on-the-move-is-ripple-preparing-for-a-big-play","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=52045","title":{"rendered":"200 Million XRP On The Move\u2014Is Ripple Preparing For A Big Play?"},"content":{"rendered":"<p>Ripple\u2019s XRP has been one of the hottest cryptos in the market thanks to its impressive price performance, especially after US President Donald Trump\u2019s reelection. <\/p>\n<p>Trading below $1 for most of 2024, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" target=\"_blank\" rel=\"noopener\">XRP <\/a>hits its stride days after the November elections, breaking the $1 level on November 6th, and the $2 barrier by December 2nd, then surging past $3.30 on January 18th.\u00a0<\/p>\n<p>Now, Ripple is back in the news for moving 200 million XRPs valued at around $457 million. This massive transfer, often associated with <a href=\"https:\/\/www.fool.com\/terms\/b\/bitcoin-whale\/\" target=\"_blank\" rel=\"noopener\">\u201cwhale transactions,\u201d<\/a> caught the attention of many and has led many to speculate.<\/p>\n<h2><strong>Is The SEC-Ripple Case Nearing Its Settlement?<\/strong><\/h2>\n<p>The latest XRP transfer caught the attention of <a href=\"https:\/\/publish.twitter.com\/?query=https%3A%2F%2Ftwitter.com%2Fwhale_alert%2Fstatus%2F1900168960579875069&amp;widget=Tweet\" target=\"_blank\" rel=\"noopener\">Whale Alert<\/a> (@whale_alert) and was promptly re-circulated on the popular platform. Interestingly, Ripple regularly transfers XRPs, including its scheduled release of 1 billion XRP monthly from its escrow to sustain the token\u2019s circulation. <\/p>\n<p>Although the majority of Ripple\u2019s transactions are routine, this recent transaction gained some attention for its size and timing.<\/p>\n<p>          200,000,000 <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\">#XRP<\/a> (457,581,314 USD) transferred from <a href=\"https:\/\/twitter.com\/hashtag\/Ripple?src=hash&amp;ref_src=twsrc%5Etfw\">#Ripple<\/a> to unknown wallet<a href=\"https:\/\/t.co\/XRE0jAsB40\">https:\/\/t.co\/XRE0jAsB40<\/a><\/p>\n<p>\u2014 Whale Alert (@whale_alert) <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1900168960579875069?ref_src=twsrc%5Etfw\">March 13, 2025<\/a><\/p>\n<h2><strong>Market Waiting For Decision On SEC Vs. Ripple<\/strong><\/h2>\n<p>Ripple\u2019s latest huge asset transfer comes when the <a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/us-sec-may-declare-xrp-a-commodity-as-ripple-settlement-talks-begins-202503140223\" target=\"_blank\" rel=\"noopener\">SEC\u2019s case against Ripple<\/a> is nearing its settlement. According to some reliable sources, the delay in the case\u2019s resolution is caused by Ripple\u2019s efforts to negotiate a favorable settlement.<\/p>\n<p>One controversial issue in the case is the August district court ruling, which fined Ripple $125 million and restricted the company from selling its native token to institutional buyers.<\/p>\n<p><strong>XRP\u2019s Price Roadmap<\/strong><\/p>\n<p>As Ripple continues its negotiations with the SEC, investors and traders actively watch the token\u2019s market performance. According to some analysts, the token has already completed its price correction using a four-hour time frame. <\/p>\n<p>There are plenty of price predictions for XRP, with some commentators saying it can initially hit $2.42 before making a run. Once XRP\u2019s price emerges from the <a href=\"https:\/\/www.investopedia.com\/terms\/i\/ichimoku-cloud.asp\" target=\"_blank\" rel=\"noopener\">\u201cIchimoku clouds\u201d<\/a>, it is expected to hit higher highs.<\/p>\n<p>Currently, the token\u2019s support is at $2.04 and $2.22, and many expect XRP to face short-term volatility. However, the token\u2019s biggest push will come from a favorable resolution of its SEC case and if it happens, analysts expect the price to reach $4.25, or even $5.80.<\/p>\n<p><em>Featured image from Newsbit, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Ripple\u2019s XRP has been one of the hottest cryptos in the market thanks to its impressive price performance, especially after US President Donald Trump\u2019s reelection. Trading below $1 for most of 2024, XRP hits its stride days after the November elections, breaking the $1 level on November 6th, and the $2 barrier by December 2nd, [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":52046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52045"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52045"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/52046"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}