Major

Donald Trump

Million

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/major-investor-acquires-120-million-xrp-tokens/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Major Investor Acquires 120 Million XRP Tokens</a><br></p>
<p style="text-align: justify">Continuously rising prices of Ripple ‘s XRP coin have drawn attention, as a major investor has made a significant purchase of tokens in the <a href="https://en.coin-turk.com/bitfinex-derivatives-expands-services-with-thalex-partnership/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>. Recent on-chain data reveals that this investor has accumulated 120 million coins from a leading crypto exchange.</p>
<h2 id="investors-gain-confidence-in-xrp">Investors Gain Confidence in XRP</h2>
<p style="text-align: justify">According to Whale Alert data, as of November 30, a large investor in the crypto market obtained approximately $228.71 million worth of XRP by collecting 120 million coins from Bithumb exchange. This substantial acquisition has bolstered optimism regarding the <a href="https://en.coin-turk.com/jpmorgan-predicts-active-october-for-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a>‘s future, sustaining market interest in the asset.</p>
<p style="text-align: justify">As reported by CoinGape Media, the ongoing lawsuit against the U.S. <a href="https://en.coin-turk.com/bingx-suffers-52-million-loss-from-cyber-attack/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> may conclude under the new SEC leadership. The departure of SEC Chairman Gary Gensler and the potential election victory of pro-crypto Donald Trump could positively impact market expectations surrounding the XRP case. Lawyers Bill Morgan, Fred Rispoli, and Jeremy Hogan indicated a high likelihood of appeal denials, suggesting the case may soon be dismissed.</p>
<h2 id="market-value-continues-to-rise">Market Value Continues to Rise</h2>
<p style="text-align: justify">XRP’s price surged to $1.95 with a 20% increase over a 24-hour period, currently hovering around $1.88. Weekly and monthly charts show remarkable increases of 22% and 260%, respectively. This upward trend is supported by legal developments and increasing large-scale investments.</p>
<p style="text-align: justify">According to Coinglass data, XRP’s open positions in futures trading rose by 20%, reaching $3.22 billion. Additionally, derivative volume saw a 127% increase, climbing to $25.65 billion. These figures indicate growing investor interest in the asset.</p>
<p style="text-align: justify">XRP price analysis from CoinGape Media suggests that the token has the potential for further growth as it breaks through a five-year resistance level in market dominance. Market observers anticipate that XRP will continue to appreciate, especially with upcoming developments like the RLUSD launch.</p>
<ul class="summary">
 <li>A major investor acquired 120 million XRP tokens.</li>
 <li>Legal developments increased confidence in XRP.</li>
 <li>Market data indicates a continued rise in XRP’s value.</li>
</ul>
<p>The post <a href="https://en.coin-turk.com/major-investor-acquires-120-million-xrp-tokens/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Major Investor Acquires 120 Million XRP Tokens</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Major Investor Acquires 120 Million XRP Tokens

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