COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Ripple Whales Accumulate More XRP Amid Volatility, Awaiting Court Decision
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ripple (XRP) > Ripple Whales Accumulate More XRP Amid Volatility, Awaiting Court Decision
Ripple (XRP)

Ripple Whales Accumulate More XRP Amid Volatility, Awaiting Court Decision

In Brief

  • Ripple‘s XRP faced a major price correction last week following high volatility. On-chain data reveals that as we approach the summary judgment that the court will give in the long-standing case that the U.S. Securities and Exchange Commission (SEC) has opened against Ripple, cryptocurrency whales are taking the price drops as buying opportunities to accumulate […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

Ripple‘s XRP faced a major price correction last week following high volatility. On-chain data reveals that as we approach the summary judgment that the court will give in the long-standing case that the U.S. Securities and Exchange Commission (SEC) has opened against Ripple, cryptocurrency whales are taking the price drops as buying opportunities to accumulate more XRP.

Contents
XRP Whales Chasing a “Big” ThingIs There an End to the SEC – Ripple Case?

XRP Whales Chasing a “Big” Thing

Famous cryptocurrency analyst Ali Charts reported that Ripple whales made a big move as the XRP price fell throughout last week. Whales accumulated approximately 360 million XRP (worth around 170 million dollars) in just 7 days. During this time, the XRP price dropped by 12 percent.

XRP entered the year 2023 trading at an average price of $0.3399, since then it increased its value by approximately 40 percent and largely revolved around $0.47. Nevertheless, the popular altcoin also managed to break its barrier at $0.50 and traded at $0.54 for a while. This price movement was a result of the positive investor sentiment that emerged to support XRP amidst legal issues caused by the U.S. SEC.

Is There an End to the SEC – Ripple Case?

A critical juncture has been reached in the case filed by the SEC classifying XRP as a security against Ripple and its two senior executives. The court is expected to provide its summary judgment, which is expected to bring regulatory clarity to the cryptocurrency market, within this month. Ripple and the defendants are said to have the upper hand in the legal battle against the SEC due to the court ruling in their favor on multiple occasions, and it is speculated that the summary judgment will also be in their favor.

Particularly, some parts of the William Hinman documents published recently by a court order were a big win for Ripple. However, disclosing some parts of the documents was not enough to raise the price of the popular altcoin. Still, as we approach the summary judgment in the case, it seems almost certain that whales will look for more opportunities to accumulate more XRP, that is, they will expect a price drop.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Ripple Boosts Market with Resumed RLUSD Token Issuance

SEC Faces Scrutiny: Legal Experts Challenge Arguments in XRP Case

Ripple Integrates USDC Seamlessly into XRP Ledger

Watch XRP’s Struggle to Maintain the $2 Mark in a Volatile Crypto Market

Ripple CEO Foresees XRP’s Potential to Capture International Finance

COINTURK NEWS 30 June, 2023 - 4:56 pm 30 June, 2023 - 4:55 pm
Share This Article
Facebook Twitter
Share
Previous Article Litecoin Experiences Substantial Surge: Will It Breach the $100 Barrier?
Next Article Binance Announces Burn of Inactive Binance-Peg Tokens, Releases Equivalent Amount on Its Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Bitcoin Fails to Hold Support: Analyst Warns of Potential Decline
Bitcoin (BTC)
Ripple Boosts Market with Resumed RLUSD Token Issuance
Ripple (XRP)
NEAR Protocol Defies Market Volatility with Innovative Advances
Altcoin News
Bitcoin Mining Companies Thrive with Record Profits in 2025
Bitcoin (BTC) Cryptocurrency Mining
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?