XRP Whales Accumulate While Price is Soaring
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XRP is making headlines again as major investors scoop up large amounts of the cryptocurrency amid a positive shift in its legal battles.
Recently, whales have purchased over 48 million XRP, driven by anticipation of price increases and favorable court developments.
Judge Phyllis Hamilton has set a deadline of July 26 for determining the inclusion of certain expert testimonies in Ripple’s ongoing legal case.
Meanwhile, the case involving Zakinov vs. Ripple Labs has been handed to Magistrate Judge Robert Illman for further consideration.
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Additionally, Hamilton has supported Judge Torres’ previous decision that XRP is not a security, boosting investor confidence.
Whale Alert has reported two significant transactions: one whale bought 24.29 million XRP, and another acquired 23.84 million. These purchases reflect strong interest in XRP following the legal progress.
Despite the ongoing legal proceedings and pending final judgment from Judge Analisa Torres, XRP’s value has risen by 8.90%, trading at $0.5941. The cryptocurrency’s price has fluctuated between $0.5478 and $0.6038 in recent hours.