Ripple whales have maintained their swifty moves as price action continues to suffer, but where will the whales lead XRP price this time?
As Ripple supporters, whales, holders and crypto investors await the summary judgment in the XRP lawsuit, XRP price continues to siurprizas market participants.
Recently, Attorney Jeremy Hogan, dropped some good news for the Ripple community claiming that the U.S. Securities and Exchange Commission (SEC) motion for summary judgment might not be approved for several reasons.
Despite Hogan’s positive affirmations, XRP price failed to react much to the social anticipation. Ripple whales, however, have been on the move lately, but this time it could lead to some bearishness for XRP price.
What Are Ripple Whales up To?
At the time of writing, XRP price traded at $0.4739, declining by 3.22% on the daily window. From a price perspective, XRP seemed to be under the larger bearish influence of the crypto market.
Ripple whales made some significant deposits from wallets to exchanges on Nov. 7. Several alerts from Whale Alert show that coins worth over $190 million were sent by whales from wallets to various exchanges or from piniginė to wallet.
Šios pirmasis sandoris, of around 29 million XRP worth $13.52 million, was a transfer from an unknown wallet to Bitstamp. In the next one hour another transfer from an unknown wallet to FTX of 35 million XRP worth $16.55 million was made.
A third transaction of $16.63 million was made soon after.
Source: https://beincrypto.com/ripple-whales-move-190m-in-xrp-in-24-hours-but-what-are-they-planning/