XRP Gains While Top Crypto Bleeds; Whales Reacts To Court Filings?
XRP News: The global digital asset market recorded a slight downturn on Monday after witnessing a massive surge amid the ongoing banking crisis. The biggest cryptos like Bitcoin (BTC) and Ethereum (ETH) prices registered a decline of around 2% each. Meanwhile, Ripple’s native crypto, XRP seems to be decoupling from its current downward trend.
XRP Price Decouples From Top Cryptos
As per data provided by WhaleAlert, crypto whales moved around 130 million XRP tokens (approx worth $50 million) in a single transaction. This transaction comes after Ripple defendants filed a letter notice of supplemental authority in order to gain support for their fair notice defense.
It mentioned the decision of Judge Michael Wiles in the Voyager bankruptcy lawsuit. The judge here rejected the US SEC’s objections and approved the bankruptcy plan.
XRP price has gained momentum after the latest filings in the Ripple lawsuit. XRP price is up by almost 3% in the last 24 hours. It is trading at an average price of $0.39, at the press time. Meanwhile, its 24 hour trading is marginally up to stand at $1.2 billion. Read More XRP News Here…
Also Read: Ripple Executives Might Escape Trials But Fair Notice Cannot
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