XRP surges past $2.30 following Ripple’s substantial XRP transfer amid a rising market and legal anticipation.
- Ripple transfers 498 million XRP amid SEC lawsuit.
- XRP price hits $2.30, up from $1.60.
- Institutional interest and ETF speculation drive market.
Ripple Labs moved 498 million XRP, valued at $270 million, triggering market reactions and speculation about legal and financial implications.
The transfer, occurring amid Ripple’s ongoing lawsuit, boosts XRP’s price and volume, reflecting market optimism on potential favorable outcomes.
Ripple Transfers 498 Million XRP Amid Lawsuit
Ripple moved a large amount of XRP to an external wallet, totaling 498 million coins. The move, amid an ongoing lawsuit, suggests strategic market positioning.
XRP prices are rising with the recent transfer. Ripple’s CEO Brad Garlinghouse continues leading through legal uncertainties, with market responses showing growing interest.
XRP Trading Volume Surges 41% After Wallet Move
XRP trading volume surged by 41%, reaching $2.1 billion, linked to the wallet move. This reflects renewed interest in the cryptocurrency market.
“Brad Garlinghouse, CEO, Ripple Labs, continues to navigate critical legal and market moments as the ongoing SEC vs. Ripple lawsuit remains a key focus, with a decisive outcome expected mid-June 2025.”
Legal Outcomes May Spark XRP Price Rallies
Historical legal events like the 2023 ruling have shown similar price and volume reactions. XRP’s price typically rises with positive legal outcomes.
Analysts expect continued growth if legal outcomes favor Ripple and ETF interest solidifies. Historical patterns suggest potential for significant XRP rallies.
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