In a crypto whirlwind, XRP investors remain on edge as the battle between Ripple and the SEC rages on. Crypto data tracker Whale Alert tweeted that a mysterious wallet recently shuffled a whopping 28.6 million XRP tokens, valued at $14.64 million, over to the Bitstamp exchange. This hefty transfer is just the latest twist in a series of intriguing moves that have left market participants speculating.
Earlier this week, an enigmatic sender transferred 100 million XRP tokens to Ripple Labs, casting an initial veil of secrecy over the transaction’s origins. Nevertheless, subsequent revelations unveiled the sender’s connection to the Canadian cryptocurrency exchange, SideShift.
Ripple promptly adjusted its strategy by moving 75 million XRP tokens to one of its wallets and directing an additional 46 million XRP tokens toward an undisclosed recipient. These intricate maneuvers have stirred speculation within the crypto community about potential over-the-counter exchanges and the reallocation of assets within the intricate XRP ecosystem.
Despite this flurry of activity, XRP made gains on September 20, nearing a price point of $0.52. At the time of writing, XRP had surged by 1.65% to reach $0.5155, with a one-day trading volume increase of 0.17%, totaling $1,006,300,171. Over the past 24 hours, XRP reached a high of $0.5233 and a low of $0.5043.
Meanwhile, XRP has recently been spotlighted as its legal representatives criticized the New York State Department of Financial Services (NYDFS) for delisting XRP from the approved cryptocurrencies and stablecoins list. Adding to the intrigue, John Deaton, the attorney representing XRP holders in the ongoing Ripple Vs. SEC lawsuit has hinted at a major announcement. While the nature of this announcement remains shrouded in mystery, it has ignited fervent speculation within the crypto market.
As the crypto world watches the Ripple saga unfold, investors eagerly await the outcome of the Federal Open Market Committee (FOMC) meeting scheduled for later today. The committee’s decision regarding interest rates could substantially impact the entire crypto market, including XRP’s price.
