“XRP Whale Transfers Millions of XRP Coins to Bitstamp Exchange“
Today, November 20, a substantial transfer of 25 Million XRP coins to the centralized exchange Bitstamp caught the attention of cryptocurrency traders worldwide. This whole lot of transfer is part of a series of transactions made by an unknown whale in the previous few days. Usually, such large transfers to exchanges signal a bearish sentiment, but on the brighter side, the price of XRP has surged by 1.98% in the previous twenty-four hours, reaching $0.62.
The upsurge in XRP price appears to stem from the recent developments in the United States SEC vs. Ripple lawsuit, where Ripple Labs gained an upper hand. In addition, Ripple Labs announced its intend 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 30 days. Hot Take:
XRP Price Surges Regardless of Whale Transfers and Lawsuit Developments
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