200 Million XRP On The Move—Is Ripple Preparing For A Big Play?
Ripple’s XRP has been one of the hottest cryptocurrencies on the market due to its impressive price performance, especially after U.S. President Donald Trump’s re-election.
Most transactions in 2024 are below $1. XRP On November 6, the level 1 of $1 was broken on November 6, the barrier of $2 before December 2, and then soared by $3.30 on January 18.
Now, Ripple is back in the news, moving out 200 million XRP worth about $457 million. This large-scale transfer, usually with “Whale Trading”,” It attracted many people’s attention and led to many speculations.
SEC – Are the heraldic cases close to their settlement?
The latest XRP transfer has caught people’s attention Whale Alert (@whale_alert) and re-circulate immediately on popular platforms. Interestingly, Ripple regularly transfers XRP, including its plan to release 1 billion XRP from hosting to maintain the issuance of tokens.
Although most of the transactions of Ripple are routine, recent transactions have attracted some attention due to their size and timing.
– Whale Alert (@whale_alert) March 13, 2025
The market is waiting for SEC VS decision corrugated
Ripple’s latest huge asset transfer to SEC’s case against Ripple Will be established soon. According to some reliable sources, the delay in the solution in the case was caused by efforts to negotiate favorable solutions.
One of the controversial issues in the case was the August district court ruling that fined $125 million and restricted the company from selling its home-based tokens to institutional buyers.
XRP price chart
As Ripple continues to negotiate with the SEC, investors and traders are actively focusing on the market performance of the token. According to some analysts, the token has completed its price correction using a four-hour time frame.
XRP has a lot of price forecasts, and some commentators say it can initially hit $2.42 before running. Once the price of XRP is from “Ichimoku Cloud”expected to reach higher highs.
Currently, the token support is $2.04 and $2.22, and many expect XRP to face short-term volatility. However, the biggest push for the token will come from the favorable solution to its SEC case, and if it happens, analysts expect the price to reach $4.25, or even $5.80.
Featured images from Newsbit, charts from TradingView
