Story Highlights
- Whale investors accumulate XRP after Trump’s strategic reserve announcement.
- 25 million XRP worth $67.3M transferred from Upbit to unknown wallet.
- Ripple faces legal uncertainty as April 16 brief deadline approaches.
Whale investors are accumulating XRP after U.S. President Donald Trump announced the creation of a strategic crypto reserve, which includes XRP. Whale Alert reports that 25 million XRP moved from Upbit to an unidentified wallet. The financial worth of the transaction reached $67.3 million.
Massive XRP Transfer Sparks Market Optimism
A significant amount of XRP has moved from Upbit to an unknown wallet as large-scale investors called “whales” boost their holdings. The asset market sentiment increases when asset holders perform such transfers often as a sign of future market strength.
Trump’s announcement of XRP reserves caused XRP to experience instant price growth. The value of XRP rose to $2.99 following the news breaking out, which represented a 35% appreciation. Multiple analysts attribute the recent price hike to speculations about government-backed institutional investor involvement that will accelerate XRP adoption.
Ripple faces growing speculation about the SEC’s continuing legal dispute while the company associations with Ripple continue to stir market predictions. Social media users on X have started sharing information claiming that the SEC might end its lawsuit against Ripple before the week ends. Experts anticipate that XRP will climb to $10 if the lawsuit against Ripple ends within the next seven days.
The SEC recently filed a notice of voluntary dismissal against Consensys, which operates MetaMask as its flagship product. The regulatory body faces mounting pressure to review their crypto-related, like Ripple, cases after making this decision.
XRP Market Volatility Grows Amid Legal and Political Uncertainty
Ripple has until April 16, 2025, to submit its appellant brief in the ongoing lawsuit. The ongoing case shows indications it will not end straightforwardly. XRP received a different classification from other alternative coins in prior rulings by Judge Analisa Torres, which creates obstacles for the SEC enforcement plans. XRP’s different classification stands in the way of regulators who need to prove its security nature.
Crypto traders together with investors watch ongoing events closely while monitoring XRP price changes in the market. XRP holders find themselves in a complex market situation thanks to massive whale investments in the coin as well as legal obstacles and Trump’s positive statements regarding cryptocurrency in general.
