Major

Million

Gary

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/major-buyer-purchases-120-million-xrp-tokens" data-wpel-link="internal" rel="noopener noreferrer nofollow">Major Buyer Purchases 120 Million XRP Tokens</a><br></p>
<p style="text-align: justify">The surge in <a href="https://en.bitcoinhaber.net/whales-influence-xrp-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a>’s <a href="https://en.bitcoinhaber.net/xrps-market-struggle-during-crypto-uptrend" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> <a href="https://en.bitcoinhaber.net/dogwifhat-sees-notable-price-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> prices has attracted considerable attention, as a prominent buyer has recently acquired a substantial quantity of coins in the cryptocurrency market. Recent on-chain analytics indicate that this individual has amassed 120 million XRP tokens from a top crypto exchange.</p>
<h2 id="how-does-this-acquisition-impact-xrp-s-market">How Does This Acquisition Impact XRP’s Market?</h2>
<p style="text-align: justify">Data from Whale Alert reveals that as of November 30, a significant player in the crypto realm secured approximately $228.71 million worth of XRP through the Bithumb exchange. This noteworthy transaction has fostered a sense of optimism regarding XRP’s potential, sustaining ongoing market interest in the asset.</p>
<h2 id="will-legal-developments-favor-xrp-s-growth">Will Legal Developments Favor XRP’s Growth?</h2>
<p style="text-align: justify">Reports suggest that the ongoing lawsuit involving the U.S. SEC might reach a conclusion under new leadership. The exit of SEC Chairman Gary Gensler, combined with possible political shifts favoring pro-crypto candidates like Donald Trump, could create a positive outlook for the XRP situation. Legal experts point to a likely dismissal of appeals, indicating a potentially swift resolution.</p>
<p style="text-align: justify">XRP’s value soared to $1.95, marking a 20% increase within a 24-hour span, and is currently stabilizing around $1.88. Over the past week and month, the token has demonstrated impressive gains of 22% and 260%, respectively, fueled by both legal progress and increased institutional investments.</p>
<ul class="summary">
 <li>A significant buyer acquired 120 million XRP tokens.</li>
 <li>Recent legal developments enhance optimism for XRP.</li>
 <li>Market metrics reflect ongoing growth in XRP’s value.</li>
</ul>
<p style="text-align: justify">With XRP’s futures trading positions experiencing a 20% rise, now totaling $3.22 billion, alongside a 127% increase in derivative volume to $25.65 billion, signs of heightened investor engagement are evident. Market analysts note that XRP’s breaking of a five-year resistance level may lead to further appreciation as developments, such as the RLUSD launch, approach.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/major-buyer-purchases-120-million-xrp-tokens" data-wpel-link="internal" rel="noopener noreferrer nofollow">Major Buyer Purchases 120 Million XRP Tokens</a></h5>

Major Buyer Purchases 120 Million XRP Tokens

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