XRP

XRP gained significant attention today as its price surged past $0.55 amid major whale activity, with two large transfers totaling 47 million XRP to exchanges sparking speculation.

Over 91 million XRP ($46 million) shuffled between wallets and exchanges, followed by a 2% price jump to $0.51. Possible reasons include a former Ripple exec teasing upcoming XRP news and Ripple’s legal strategy in the SEC lawsuit.

Large XRP transactions spiked amidst a price drop, indicating continued confidence from major holders like whales.

Ripple co-founder Chris Larsen confirmed roughly $113 million worth of XRP was taken from his wallets in an apparent hack, negatively impacting token prices while raising questions about whether the incident represents insider crypto dumping or a legitimate theft.

Cryptocurrency exchange Gemini has added an XRP/GUSD perpetual contract, reflecting the expanding XRP presence on trading platforms following Ripple’s legal win.

Cryptocurrency exchange Gemini will introduce perpetual futures contracts tracking XRP’s price, marking a revival of ties amid previous regulatory uncertainty.

Ripple’s XRP is speculated to be adopted by U.S. banks for international payments, following a legal victory and potential for wider adoption in the blockchain market.

Vocal Bitcoin maximalist Max Keiser takes aim at XRP, calling the 5th largest crypto “garbage” and predicting a price collapse to just $0.01.

A heated legal debate has erupted between crypto advocates over whether Ripple can sell its XRP tokens without registering the sales as securities transactions, which comes as XRP experiences price volatility amid Ripple moving 80 million tokens.

A massive transfer of 443.1 million XRP, worth approximately $255 million, has sparked intrigue and speculation within the cryptocurrency community.