The XRP community is abuzz with excitement after a whale, a major investor, acquired a hefty 30 million XRP tokens. This significant purchase coincided with a price uptick for the altcoin, which clawed its way back from a recent slump. While some analysts see this whale activity as a bullish signal and predict a surge towards $0.50, others urge caution due to the ongoing SEC lawsuit against Ripple Labs. Related Reading: Bear Market Bites: Chainlink Loses 10%, Further Downturn To $6.80 Feared A Shot In The Arm For XRP The 30 million purchase, valued at roughly $12.7 million, sent a wave of optimism through the XRP market. This large-scale accumulation aligned with the crypto asset’s recent price rise, suggesting a potential correlation. The token defied the broader market downturn in early July, which dragged it down to its lowest point since March 2023. This resilience, coupled with the whale activity, has fueled speculation about a brighter future for XRP. Prominent Advocate Joins The Fray Adding fuel to the fire, Bill Morgan, a well-known XRP advocate, recently upped his holdings by purchasing ad ..
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