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<p>Ripple’s XRP token has taken the lead among altcoins, surging 6% and reaching a high of $0.5687 in recent trading. The rally comes as the number of wallets holding at least 1 million XRP has been steadily increasing over the past six weeks, rising by 3.1% and approaching the all-time high, according to data from <a href="https://twitter.com/santimentfeed/status/1782524613987320181?s=46" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="699" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1042-1024x699.png" alt="" class="wp-image-479505" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1042-1024x699.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1042-300x205.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1042-768x524.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1042-1536x1048.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1042-2048x1397.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1042-220x150.png 220w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1042-100x68.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1042-513x350.png 513w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1042-788x537.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1042.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<h2 class="wp-block-heading" id="whale-wallets-on-the-rise">Whale Wallets on the Rise</h2>
<p>The growing number of XRP whale wallets, defined as those holding at least 1 million tokens, is a significant development for the Ripple ecosystem. These large-scale investors often have a substantial impact on price movements, as their buying and selling activities can create significant market momentum.</p>
<p>Increased accumulation from these high-net-worth individuals may be driving the current rally, with the number of <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> whale wallets just one shy of the all-time high. The 3.1% increase in whale wallets over the past six weeks suggests a growing confidence in XRP’s future prospects.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="447" src="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1043-1024x447.png" alt="" class="wp-image-479513" srcset="https://captainaltcoin.com/wp-content/uploads/2024/04/image-1043-1024x447.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1043-300x131.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1043-767x335.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1043-1536x671.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1043-2048x894.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1043-343x150.png 343w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1043-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1043-801x350.png 801w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1043-788x344.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/04/image-1043.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>In a court filing <a href="https://twitter.com/FilanLaw/status/1782578348423573898" target="_blank" rel="noopener noreferrer nofollow">submitted</a> late on Monday, Ripple Labs responded to the Securities and Exchange Commission’s demand that the company pay fines totaling over $2 billion.</p>
<p>This follows the SEC’s announcement last month that Ripple will have to pay fines totaling over $2 billion for selling XRP to institutional investors. In its objection motion, Ripple countered that the actual amount should have been closer to $10 million.</p>
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<h2 class="wp-block-heading" id="xrp-btc-pair-riding-the-third-wave">XRP/BTC Pair Riding the Third Wave</h2>
<p>In addition to the surge in XRP’s USD value, the XRP/BTC trading pair has also been performing well. According to <a href="https://twitter.com/egragcrypto/status/1782487152959324512" target="_blank" rel="noopener noreferrer nofollow">analyst </a>EGRAG Crypto, XRP/BTC is currently “riding the third wave,” presenting a compelling opportunity for traders.</p>
<p>The initial target for the XRP/BTC pair is 0.00001052, which translates to a price range of $0.69 to $0.73 for XRP, assuming Bitcoin remains stable between $66,000 and $70,000. A close above this level could pave the way for a swift move to the next target at 0.00002982, which would see XRP trading between $1.96 and $2.00.</p>
<p>The growing number of whale wallets and the recent surge in XRP’s price suggest that the token may be poised for further growth. As the XRP/BTC pair navigates the third wave, traders and investors will be closely monitoring the key levels outlined by analyst EGRAG Crypto.</p>
<p>However, it is essential to remember that the cryptocurrency market is highly volatile and subject to rapid changes in sentiment. Investors should always conduct their own thorough research and risk assessment before making any investment decisions.</p>
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<p>The post <a href="https://captainaltcoin.com/xrp-surges-6-as-whale-wallets-near-all-time-high-ripple-opposes-secs-2b-fine/" rel="noopener noreferrer nofollow">XRP Surges 6% as Whale Wallets Near All-Time High, Ripple Opposes SEC’s $2B Fine</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

XRP Surges 6% as Whale Wallets Near All-Time High, Ripple Opposes SEC’s $2B Fine

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