<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/whales-move-large-amounts-of-xrp-assets" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Move Large Amounts of XRP Assets</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/ripple-shakes-market-with-surprising-xrp-token-movement" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a>‘s recent legal appeal against the U.S. Securities and Exchange Commission (SEC) has sparked significant activity among <a href="https://en.bitcoinhaber.net/ripple-unlocks-1-billion-xrp-tokens-sparks-speculation-in-crypto-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> whales. Reports indicate that approximately 81 million XRP tokens were transferred to various cryptocurrency exchanges, drawing mixed reactions from investors and market analysts alike.</p>
<h2 id="what-are-xrp-whales-doing">What Are XRP Whales Doing?</h2>
<p style="text-align: justify">According to Whale Alert, a blockchain tracking platform, XRP whales executed sizable transfers totaling 81.56 million XRP to exchanges. A notable transaction involved an anonymous whale account sending 52 million XRP to Bybit, while another account transferred 29.56 million XRP to Bitso.</p>
<h2 id="will-xrp-prices-continue-to-rise">Will XRP Prices Continue to Rise?</h2>
<p style="text-align: justify">Despite these significant transfers, XRP’s price increased by 1% to $0.5357 within 24 hours. The cryptocurrency experienced intra-day fluctuations, hitting lows of $0.5239 and highs of $0.5432. This uptick came on the heels of Ripple’s appeal filing, which seems to have bolstered investor confidence, as indicated by a 4% rise in XRP’s open interest in futures trading.</p>
<p style="text-align: justify">Recent data highlights several key points for investors:</p>
<ul>
 <li>A notable increase in XRP’s futures open interest, reaching $711.55 million.</li>
 <li>A sharp rise of 85% in derivative trading volume to $1.30 billion.</li>
 <li>Legal actions by Ripple and a lawsuit from Bitnomial against the SEC could positively impact XRP’s regulatory standing.</li>
</ul>
<p style="text-align: justify">Investor sentiment remains cautious as the substantial whale transfers create short-term volatility. Analysts suggest that while Ripple’s legal moves may enhance XRP’s long-term value, the immediate market reactions require careful monitoring.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/whales-move-large-amounts-of-xrp-assets" data-wpel-link="internal" rel="noopener noreferrer nofollow">Whales Move Large Amounts of XRP Assets</a></h5>

Whales Move Large Amounts of XRP Assets

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