25 Million XRP Transfer by Whale Coincides with Community Initiatives Boosting Price Surges

By Gapster Innes Nov 20, 202354Views

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“XRP Whale Transfers Millions of XRP Coins to Bitstamp Exchange“

Today, November 20, a massive transfer of 25 million XRP coins to the centralized exchange Bitstamp caught the attention of crypto traders worldwide. This significant transfer is part of a series of transactions made by an unknown whale over the past few days. Usually, such large transfers to exchanges signal a bearish sentiment, but surprisingly, the price of XRP has surged by 1.98% over the past twenty-four hours, reaching $0.62.

The upsurge in XRP price seems to stem from the recent developments in the US SEC vs. Ripple lawsuit, where Ripple Labs gained an upper hand. Additionally, Ripple Labs announced its plan to invest $1.3 million in 22 projects leveraging the XRP Ledger, leading to a 21.09% increase in XRP’s overall price for the month.

Hot Take:

XRP Price Surges Despite Whale Transfers and Lawsuit Developments

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#Community Coingape crypto exchange million Price ripple SEC surges Whale xrp

Gapster Innes

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