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Ripple’s XRP has been one of the hottest cryptos in the market thanks to its impressive price performance, especially after US President Donald Trump’s reelection. Trading below $1 for most of 2024, XRP hits its stride days after the November elections, breaking the $1 level on November 6th, and the $2 barrier by December 2nd, then surging past $3.30 on January 18th. Now, Ripple is back in the news for moving 200 million XRPs valued at around $457 million. This massive transfer, often associated with “whale transactions,” caught the attention of many and has led many to speculate. Related Reading: TRUMP Token Takedown—Did Insiders Plan The Crash? Is The SEC-Ripple Case Nearing Its Settlement? The latest XRP transfer caught the attention of Whale Alert (@whale_alert) and was promptly re-circulated on the popular platform. Interestingly, Ripple regularly transfers XRPs, including its scheduled release of 1 billion XRP monthly from its escrow to sustain the token’s circulation. Although the majority of Ripple’s transactions are routine, this recent transaction gained some attention for its size and timing. ???? ???? ???? ???? ???? ???? ???? ???? ???? ???? 200,000,000 #XRP (457,581,314 USD) transferred from #Ripple to unknown wallethttps://t.co/XRE0jAsB40 — Whale Alert (@whale_alert) March 13, 2025 Market Waiting For Decision On SEC Vs. Ripple Ripple’s latest huge asset transfer comes when the SEC’s case against Ripple is nearing its settlement. According to some reliable sources, the delay in the case’s resolution is caused by Ripple’s efforts to negotiate a favorable settlement. One controversial issue in the case is the August district court ruling, which fined Ripple $125 million and restricted the company from selling its native token to institutional buyers. XRP’s Price Roadmap As Ripple continues its negotiations with the SEC, investors and traders actively watch the token’s market performance. According to some analysts, the token has already completed its price correction using a four-hour time frame. There are plenty of price predictions for XRP, with some commentators saying it can initially hit $2.42 before making a run. Once XRP’s price emerges from the “Ichimoku clouds”, it is expected to hit higher highs. Related Reading: Bitcoin And S&P Decline Together, But Data Predicts A Turnaround Currently, the token’s support is at $2.04 and $2.22, and many expect XRP to face short-term volatility. However, the token’s biggest push will come from a favorable resolution of its SEC case and if it happens, analysts expect the price to reach $4.25, or even $5.80. Featured image from Newsbit, chart from TradingView
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin Thrills Market with Promising Predictions for 2023
Bitcoin is predicted to outperform gold as a top investment this year. Tom Lee forecasts Bitcoin will exceed $150,000 by year-end. Continue Reading: Bitcoin Thrills Market with Promising Predictions for 2023 The post Bitcoin Thrills Market with Promising Predictions for 2023 appeared first on COINTURK NEWS . NewsBTC
Trump Family Partners Respond to Allegations of Binance Partnership with Cryptocurrency Project
WLFI, a cryptocurrency project with ties to the Trump family, has responded to recent reports from The Wall Street Journal and Bloomberg, calling them “unfounded” and “politically motivated.” The project released a statement criticizing what it described as “agenda-driven journalism” aimed at harming the cryptocurrency industry. The discussion follows a Bloomberg report claiming that WLFI, referred to as World Liberty Financial, was in talks with Binance over a potential collaboration. The talks reportedly include the possibility of developing a stablecoin backed by the US dollar. However, the extent of these negotiations and whether any formal agreements have been reached remain unclear. WLFI has positioned itself as a decentralized finance (DeFi) startup with a mission to democratize the financial system. “To get the facts straight: WLF is a DeFi project with a monumental mission to build and democratize a new financial system for the benefit of millions. It’s that simple,” the statement said. Related News: Anticipated Altcoin Token Unlocking Hits Huge Token Unlock, Tokens Go Into Circulation - Here`s the Initial Price Reaction The project also emphasized collaborations within the blockchain industry: “We are proud to partner with many of the leading protocols and organizations that are advancing the blockchain industry. For anyone interested in the facts, we encourage you to ignore the clickbait and look beyond the sensational headlines. Instead, expect to hear directly from us for important updates on what we are building.” Regarding the issue, it was reported that Binance’s former CEO Changpeng Zhao (CZ) met with Steve Witkoff, one of the founders of World Liberty and known for his closeness to Trump, three months after leaving the rehabilitation center. The meeting allegedly took place at the Bitcoin MENA 2024 conference in Abu Dhabi. CZ denied this information in his statement. *This is not investment advice. Continue Reading: Trump Family Partners Respond to Allegations of Binance Partnership with Cryptocurrency Project NewsBTC
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Expert identifies Solana’s path to $4,000
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