{"id":149950,"date":"2021-03-27T01:30:16","date_gmt":"2021-03-26T20:00:16","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=149950"},"modified":"2024-01-30T03:05:15","modified_gmt":"2024-01-29T21:35:15","slug":"ripple-participates-in-55-million-xrp-transfer","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/ripple-participates-in-55-million-xrp-transfer\/","title":{"rendered":"Ripple participates in 55 million XRP transfer"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">XRP markets have been active lately with the crypto\u2019s price being up by <\/span><span style=\"font-weight: 400;\">13.6%<\/span><span style=\"font-weight: 400;\"> in the past 24 hours. Amid the ongoing Ripple-SEC lawsuit, analysts like <a href=\"http:\/\/ambcrypto.com\/is-this-a-clear-buy-signal-for-xrp\/\">Ali Martinez<\/a> even suggested that the \u201cdowntrend is approaching exhaustion,\u201d thus indicating a buy signal for XRP. Moreover, a number of XRP whale addresses, which were previously thought to be<a href=\"http:\/\/ambcrypto.com\/are-xrp-whales-dumping-their-coins\/\"> declining<\/a> due to SEC\u2019s allegations against Ripple, has increased by about <\/span><a href=\"http:\/\/ambcrypto.com\/is-this-a-clear-buy-signal-for-xrp\/\"><span style=\"font-weight: 400;\">4% over the past week.<\/span><\/a> <span style=\"font-weight: 400;\">Researchers at Santiment revealed that XRP whales are currently accumulating the crypto again. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ripple has facilitated the movement of massive amounts of XRP across wallets and exchanges. <\/span><span style=\"font-weight: 400;\">New data from crypto tracking company Whale Alert found that the amount moved in these transactions was about 55 million XRP. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Specifically, about 17 hours ago, Ripple transferred <\/span><a href=\"https:\/\/twitter.com\/whale_alert\/status\/1375148768329355266?s=20\"><span style=\"font-weight: 400;\">20,000,000 <\/span><\/a><span style=\"font-weight: 400;\">XRP ($10,007,262 at the time) from and to the following addresses in the image below.\u00a0<\/span><\/p>\n<figure id=\"attachment_149953\" aria-describedby=\"caption-attachment-149953\" style=\"width: 762px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/Ripple-1.jpg\"><img decoding=\"async\" class=\"size-full wp-image-149953\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/Ripple-1.jpg\" alt=\"\" width=\"762\" height=\"471\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/Ripple-1.jpg 762w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/Ripple-1-300x185.jpg 300w\" sizes=\"(max-width: 762px) 100vw, 762px\" \/><\/a><figcaption id=\"caption-attachment-149953\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1375148768329355266?s=20\">Whale Alert<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">A Binance address was involved in transactions worth 35 million XRP overall. Specifically, 12,499,995 XRP was transferred in two separate transactions to <\/span><a href=\"https:\/\/twitter.com\/whale_alert\/status\/1375276241050341382?s=20\"><span style=\"font-weight: 400;\">Binance wallets <\/span><\/a><span style=\"font-weight: 400;\">mentioned in the image below.<\/span><\/p>\n<figure id=\"attachment_149955\" aria-describedby=\"caption-attachment-149955\" style=\"width: 594px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/ripple-image-2.jpg\"><img decoding=\"async\" class=\"size-full wp-image-149955\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/ripple-image-2.jpg\" alt=\"\" width=\"594\" height=\"323\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/ripple-image-2.jpg 594w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2021\/03\/ripple-image-2-300x163.jpg 300w\" sizes=\"(max-width: 594px) 100vw, 594px\" \/><\/a><figcaption id=\"caption-attachment-149955\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/twitter.com\/whale_alert\/status\/1375276241050341382?s=20\">Twitter<\/a>\/Whale Alert<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">At press time XRP was trading at <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\"><span style=\"font-weight: 400;\">$0.56<\/span><\/a><span style=\"font-weight: 400;\"> and has been up by 1.9% in the past hour.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Soon after SEC <\/span><a href=\"https:\/\/www.sec.gov\/news\/press-release\/2020-338\"><span style=\"font-weight: 400;\">accused<\/span><\/a><span style=\"font-weight: 400;\"> Ripple, Chris Larsen, and Brad Garlinghouse of illegal security offering through XRP, Ripple <\/span><a href=\"https:\/\/whale-alert.io\/transaction\/ripple\/BB37C3F87712D303C047F9F099282C702BFC6A9065605F25E2FFE1EB36E94B50\"><span style=\"font-weight: 400;\">moved<\/span><\/a><span style=\"font-weight: 400;\"> roughly 39 million XRP or $12,602,808 at the time to <\/span><a href=\"https:\/\/bithomp.com\/explorer\/rMND5vHirAL1AUCDfqvGtBkgnEgVeB4X7h\"><span style=\"font-weight: 400;\">this<\/span><\/a><span style=\"font-weight: 400;\"> wallet address. Other crypto whales <\/span><a href=\"https:\/\/twitter.com\/whale_alert\/status\/1341648017779273728\"><span style=\"font-weight: 400;\">moved<\/span><\/a><span style=\"font-weight: 400;\"> 365.7 million XRP in total, within 24 hours, in December last year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With regard to the XRP supporters, the community was pleased with the latest development in the SEC-Ripple case; yesterday, the court in charge <a href=\"http:\/\/ambcrypto.com\/ripple-lawsuit-court-compels-sec-to-produce-bitcoin-ethereum-documentation-as-non-securities\/\">scheduled<\/a> a date to discuss Ripple\u2019s motion asking SEC to produce documents with regard to Bitcoin and Ethereum.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to official<\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/twitter.com\/LeoHadjiloizou\/status\/1375025111087071237?s=20\"> documents<\/a>,<\/span><span style=\"font-weight: 400;\"> the Judge has scheduled<\/span> <span style=\"font-weight: 400;\">a telephonic conference for Tuesday, 6 April with regard to Ripple\u2019s \u201cmotion to compel.\u201d Many XRP supporters have been speculating a possibility of a settlement soon, one that could convince crypto exchanges to relist XRP. This could be due to Ripple\u2019s lawyer who insisted that documents concerning BTC and ETH could hold information that may prove that SEC did in fact tell exchanges that \u201cXRP was not security\u201d.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP markets have been active lately with the crypto\u2019s price being up by 13.6% in the past 24 hours. Amid the ongoing Ripple-SEC lawsuit, analysts like Ali Martinez even suggested that the \u201cdowntrend is approaching exhaustion,\u201d thus indicating a buy signal for XRP. Moreover, a number of XRP whale addresses, which were previously thought to<a href=\"https:\/\/ambcrypto.com\/ripple-participates-in-55-million-xrp-transfer\/\">Continue reading <span class=\"sr-only\">&#8220;Ripple participates in 55 million XRP transfer&#8221;<\/span><\/a><\/p>\n","protected":false},"author":34,"featured_media":149957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,55,20],"tags":[],"class_list":["post-149950","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-xrp-ripple-news","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ripple participates in 55 million XRP transfer - AMBCrypto<\/title>\n<meta name=\"description\" content=\"New data from crypto tracking company Whale Alert found that the amount moved in transactions on Ripple is about 55 million XRP.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/ripple-participates-in-55-million-xrp-transfer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple participates in 55 million XRP transfer - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"XRP markets have been active lately with the crypto\u2019s price being up by 13.6% in the past 24 hours. 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