Fortress

<div class="coinjournal">
 <p dir="ltr"><u>Ripple</u> (<a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a>) <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> has moved sideways in the past few months as the recent consolidation continues. The coin was trading at $0.50 on Tuesday after Roblox announced that it will integrate it into its ecosystem. Ripple has dropped by more than 47% from its post-SEC lawsuit victory high.</p>
 <p dir="ltr">Ripple price reacted mildly to news from Roblox, one of the biggest metaverse and gaming companies in the world. Roblox has a market cap of over $18 billion and millions of users. In a statement, the company said that it will activate XRP payments in its ecosystem.</p>
 <p dir="ltr">Ripple has had other victories in the past few months. For one, the judge overseeing its&nbsp;<u>case against the Securities and Exchange Commission</u> (SEC) rejected the agency’s plan to appeal the verdict. The judge ruled that XRP was not a financial security as the agency alleged.</p>
 <p dir="ltr">Meanwhile, Ripple recently acquired Fortress Trust, a company that provides crypto infrastructure services. The acquisition gave the company a license to operate in Nevada, a potential big market in the crypto industry.</p>
 <p dir="ltr">Fortress Trust is a company that helps companies interact with digital currencies. It joins other companies that Ripple Labs has acquired in the past few years. It bought Metaco in a $250 million deal. Metaco is a Swiss company that provides crypto custody services.</p>
 <p dir="ltr">A likely reason why XRP has struggled is that more whales have been moving the tokens substantially in the past few months. For example, a whale moved XRP worth over $14 million from an unknown wallet to Bitstamp. It is unclear whether this whale wants to sell the token or not.</p>
 <p dir="ltr">Another <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> moved tokens worth over $36 million from Ripple to an unknown wallet. On Monday, another <a rel="noopener noreferrer nofollow" title="whale" href="https://thebittimes.com/tag/whale.html">whale</a> transferred <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> coins to BitStamp. To be clear, these large <a rel="noopener noreferrer nofollow" title="transactions" href="https://thebittimes.com/tag/transactions.html">transactions</a> are not necessarily bad. However, they tend to send the wrong information in the market.</p>
 <h2 dir="ltr" id="how-to-buy-ripple">How to buy Ripple</h2>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-price-recoils-despite-the-roblox-news-as-whale-transactions-rise-tbt66740.html">https://thebittimes.com/xrp-price-recoils-despite-the-roblox-news-as-whale-transactions-rise-tbt66740.html</a></p>

XRP price recoils despite the Roblox news as whale transactions rise

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