• Whales began to show interest in XRP.
• The price continued to decline, but new collaborations could impact the token positively.

Ripple [XRP] saw massive ups and downs over the last few years due to its lawsuit against the SEC. However, as things cooled down on the litigious front, the uncertainty surrounding the price of the token still remained.

Whales move in

Over the past week, big Ripple investors made notable moves. They purchased about 11 million XRP, valued at around $6.82 million at press time. This indicated significant activity among large holders.

The acquisition is a reflection of ongoing dynamics within the market, with these major holders strategically positioning themselves. The purchase also suggested an increase in the capital flowing into XRP.

#Ripple | On-chain data shows that #XRP whales have purchased around 11 million $XRP over the past week, worth roughly $6.82 million! pic.twitter.com/VnWpaMoOYR

— Ali (@ali_charts) November 25, 2023

Apart from whale interest, the litigious crypto landscape could also impact XRP.

The legal POV

On the 26th of November, Ripple’s lawyer, John E. Deaton, criticized Senator Elizabeth Warren for not providing aid to over 300 Massachusetts investors.

Deaton further claimed Warren violated her oath by providing SEC Chair Gensler with questions and recommended a

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Author: Himalay Patel

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