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 <p>Also Read: <strong>Whales Moving ETH Holdings To Exchanges, Is Crash Below $1500 Imminent?</strong></p>  
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 </div> 
 <h2 id="xrp-whale-transfer-what-it-means">XRP Whale Transfer: What It Means</h2> 
 <p>On August 25, 2023, an anonymous whale made a transfer of 425 million <a rel="dofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> tokens to an unknown wallet. This could mean that the whale is confident that the token had hit the local bottom, with room for price upside. In the backdrop of the historic Summary Judgment in the U.S. Securities and Exchange Commission (SEC) lawsuit, the <a rel="dofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> price took an impressive spike before dropping back to the previous levels over news of headwinds to the Judgment. Earlier, Whale Alert reported,</p> 
 <blockquote>
  <p>“425,868,525 $<a rel="dofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> ($220,143,198) transferred from Bitvavo to unknown wallet.”</p>
 </blockquote> 
 <p>Starting from July 29, 2023, the whale made multiple transfers, including those with token transfers in millions. Interestingly, the most recent transfer is by far the largest move made, as per Bithomp data. Meanwhile, it remains to be seen if the buoyancy due to the Summary Judgment relief will sustain in the weeks to come.</p>  
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 <h2 id="a-rel-dofollow-title-xrp-href-https-thebittimes-com-tag-xrp-html-xrp-a-price-what-s-ahead"><a rel="dofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> Price: What’s Ahead</h2>  
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 <p>Recently, <a rel="dofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> CEO Brad Garlinghouse and executive chairman Chris Larsen informed the Court that they would be available for trial in the second quarter of 2024. However, the Summary Judgment stands ground until and unless it is reversed based on thorough legal vetting, which could at the very best could be sometime in 2025. Hence, traders may expect the <a rel="dofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> price to have positive momentum in the next few quarters.</p> 
 <p>On the other side, the US SEC has informed the dates of availability for the trial in the second quarter of 2024. The Commission is available for trial during the months April, May and June 2024, it said in a recent filing.</p> 
 <p>Also Read: <strong>Crypto Assets, Services, And NFTs Excluded From EU MiCA Regulations</strong></p> 
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XRP Whale Makes Humongous Transfer To Unknown Wallet

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