Preference For Ripple XRP Surges Among BSC Whales
July 17 2022 - 11:00AM
NEWSBTC
There has been a long ongoing lawsuit between Ripple (XRP) and the
United States Securities and Exchange Commission (SEC). Throughout
the case, Ripple’s native token, XRP, has not seen any progressive
growth. This stagnation in its price move has lingered even before
the emergence of the extreme crypto winter. But things seem to be
taking a dramatic twist for XRP recently. With the ruling of the
case, the price of XRP is positively waking. Also, the crypto coin
is gradually becoming the leading choice for most BSC whales.
Related Reading | Bitcoin Funding Rate Turns Highly Positive,
Long Squeeze In The Making? XRP has shown more stability amid the
collapse in the broader crypto space. It’s among the rare tokens
that have not demonstrated a massive swing in value. Within 30
days, the XRP price has displayed a 1% marginal increase. This
impressive trend is quite the opposite of the king of crypto
Bitcoin. The price of BTC has dipped by almost 10% within the same
period. WhaleStats showed that XRP has suddenly risen as one of the
most used smart contract tokens. It noted that this trend has
persisted over the last 24 hours among the 1,000 and 500 BSC
whales. Also, the record from the firm displayed that the top 2,000
huge investors on BSC hold large XRP tokens worth about $15.09
million. Following the announcement of the long-running lawsuit
between Ripple and SEC, the hike in the whale activities for XRP
heightened. Through Judge Netburn’s pronouncement, the court has
denied SEC’s assertions over Himan’s ETH speech. Also, the
commission received the court’s mandate to produce all relevant
internal documents. The court order stated that the commission is
expected to submit the two proposed redactions to enable in-camera
review by the court. Ripple’s attorney noted that the SEC could
appeal the court’s decision to Judge Torres. Also, the SEC could
demand up to one or two weeks as an extension for filing the
objection. Ripple XRP Gets More Listing of Pairs In a new
development, the Bitrue crypto exchange is offering its support to
Ripple XRP tokens. According to the exchange’s statement, it would
list up to 10 XRP pairs on its platform for customers. In addition,
the exchange stated that its pair would be on crypto SAND, MANA,
AAVE, BTTC, ALGO, AR, APE, CHZ, HBAR, and DENT. Related Reading
| Market Update: MATIC, UNI And AAVE Outperforms While Bitcoin
Strugles To Hold Above $20k Data from reporting source highlighted
that XRP is currently trading at $0.35 at the time of writing. With
a trading volume of about %1.11 billion. Ripple XRP still maintains
its market cap, which is more than $15.22 billion. Featured image
from Pexels, charts from TradingView.com
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