XRP is one of the most popular Altcoin in the world. The lawsuit between Ripple and SEC has been the top news of the day since December 2020. Although this case may cause a lot of damage if it is strongly supported by the SEC, it is estimated that XRP price will also gradually move northward in a month.
During several transactions in the past 24 hours, XRP data encryption whales have bought 70 million XRP tokens, which is also a shocking display of cryptocurrency energy. According to WhaleAlert, XRP tokens worth US $29.1 million were transferred from an unknown wallet to Bitstamp. Soon after, 30200000 tokens worth US $12867050 were transferred from Bitso to another unknown wallet.
Strategic partnership is an important part of the company's development strategy. XRP is no different. Ripple cooperates with more than 100 financial enterprises, including Santander (the United States), Bank of the United Kingdom (Australia), Kotak Mahindra Financial Institution (India).
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XRP has one of the leading positions in the society, which is easy to cause the price surge in the future. At the time of writing, XRP was around US $0.4058 and the 24-hour trading volume was US $877832945. The coin has increased by 4.41% in the past seven days, and there are some intriguing signs that there will be more profits in the near future.
One of the latest developments in the SEC v. Ripple case is that US District Court Judge Analisa Torres ruled against the SEC's negative opinion on the email sent by William Hinman (former head of the financial department). Looking at the recent price surge, XRP really has a chance to reach the price of US $0.5 by the end of February 2023. However, if the SEC's trial is beneficial to Ripple, the price may even soar above $1.
Everyone is well aware that Asia is one of the main markets for financial technology and cryptocurrency. XRP has won success in the market, especially in South American countries such as Japan, where financial enterprises have been using XRP to settle transactions.
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Tue, 18 Apr 2023