XRP Whale Dumps Over 51 Mln XRP, Another Freefall Below $0.60?

XRP, a cryptocurrency backed by Ripple Labs, is once again creating a bustle in the realm of cryptocurrencies as the XRP community saw enormous amounts of whale transactions in the last few days. The colossal amounts of XRP transfers made to exchanges caught the eyes of crypto market enthusiasts, as a series of whale transactions

Timeline of Xrp

Stuart Alderoty, Ripple's Chief Legal Officer, once again criticized the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler. Alderoty's recent statements focus on the SEC's string of legal losses and the disapproval it has faced from federal judges.

In a recent episode of Crypto Crossfire on Ben Armstrong's crypto influencer channel, experts engaged in a lively debate over the factors that could potentially drive XRP to a staggering $25.

In a recent turn of events within the cryptocurrency community, a prominent XRP supporter known as “Dark Defender” has expressed strong disapproval towards the individuals responsible for propagating a fake listing of a BlackRock XRP ETF. This misinformation, which surfaced online, prompted a surge in the price of XRP.

From Australia taxing almost everything in DeFi to Delaware DoJ investigating the fake XRP ETF filing, here is a 2-minute breakdown of everything important that happened in crypto today.

In the wake of Ripple's announcement regarding the integration of an Automated Market Maker (AMM) into the XRP Ledger (XRPL), the community has been abuzz with speculation and debate. Central to this discourse is the potential transformation of XRP in light of this update, particularly in regard to its classification and function as a digital asset.

In a recent appearance on X (twitter) with CryptoLaw, well-known lawyer and legal expert John Deaton predicted that Ripple's SEC fine would be lesser than the amount spent on legal fees.

According to the data provided by major blockchain tracking platform Whale Alert, over the past 24 hours, anonymous wallet owners have transferred several tens of millions of XRP – some of these XRP millions were purchased and withdrawn to a cold wallet, and some were sold.

Not long after blockchain company Ripple and the United States Securities and Exchange Commission (SEC) agreed on the proposed schedule of 90 days to conduct settlement discussions, Judge Analisa Torres set the specific dates in line with the warring parties' proposition.

Judge Torres, following the parties' schedules, set February 12, 2024, as the deadline for both Ripple Labs Inc. and the SEC to finish gathering information related to remedies in the legal case. The SEC has until March 13, 2024, to submit its brief outlining the remedies it is seeking.

Despite the obvious advances made in the ongoing legal brawl between American blockchain payments firm Ripple Labs Inc. and the United States Securities and Exchange Commission (SEC), negotiations over settlement are taking a new turn. According to a recent update by Judge Analisa Torres, the key dates for the parties to complete their remedy discovery have been set.