• Judge Torres released her ruling on the parties‘ petition to exclude expert evidence in the US SEC vs. Ripple litigation.
• Whale Alert reported that cryptocurrency „whales“ have traded over 364 million XRP (approximately worth $135 million).
• The value of XRP has increased by 4% in the last day, with a transaction involving 100 million XRP tokens sent from a wallet called „Ripple“ to an unidentified wallet valued at $37 million USD.
Judge Ruling on SEC vs. Ripple Litigation
U.S. District Judge Anastasia Torres released her ruling on the parties‘ petition to exclude expert evidence in the US SEC vs. Ripple litigation. The ruling indicated that the application was granted in part and refused in part, with both Summary Judgement and trial still being options. Nevertheless, the solicitor for the defendants stated that the judge ruled in their favor.
Whale Alert Reports XRP Traded
WhaleAlert reported that cryptocurrency „whales“ have traded over 364 million XRP (approximately worth $135 million) across several exchanges. There was a transfer of 144 million XRP tokens (about $53.5 million), which was the biggest one ever recorded by the tracker, as well as a transaction involving 100 million XRP tokens sent from a wallet called „Ripple“ to an unidentified wallet valued at $37 million USD. Additionally, 75.6 million XRP tokens were purchased (about $18 million value) and 34 million were withdrawn from Binance cryptocurrency exchange ($12.3 million). A crypto whale also descended to unload its 45-million-XRP holdings into Bitstamp cryptocurrency market ($16.62 Million).
Recent Price Increase of XRP
The value of XRP has increased by 4% in the last day, with its average price standing at around $0377 per token currently according to WhaleAlert data analysis toolkit report..
Expert Evidence Exclusion Application
The parties‘ application for expert evidence exclusion was granted partially and refused partially by Judge Torres’s ruling but solicitor representing defendants announced that judge ruled favorably for them anyhow..
Conclusion
In conclusion, recent court decision could potentially cause positive increase of prices for Ripple’s native token -XRP – but whales are making significant moves as well to take advantage of this situation .