Ripple’s XRP Under Pressure Amidst Massive Token Movements
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Billions have been set in motion as Ripple reshuffles its XRP holdings. Speculation has swirled around a potential SEC settlement. XRP has dropped as investor confidence wavers. XRP, the cryptocurrency linked to Ripple Labs, has seen a tumultuous day as the company executed a series of large-scale transactions. At the same time, market speculation around a potential settlement with the Securities and Exchange Commission (SEC) continues to simmer. The combined impact of these factors has sent XRP's price downward. Ripple's financial maneuvers involved the movement of billions of XRP between its own wallets, including locking up a substantial portion
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