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103.5 Million XRP Kicked to Binance by Anon Crypto Whales

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Over one hundred million XRP have been shifted to Binance by owners of anon XRP addresses

Whale Alert platform has spread the word that, in the past day, it noticed 103.5 million XRP coins shoveled to the Binance exchange from anonymous crypto addresses. Data provided by the Bithomp analytics platform shows that the transactions were made from other large trading venues.

Two transactions were detected, carrying 40 million XRP from Huobi to Binance and 63.2 million sent by Bybit exchange to Binance.

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The transaction fee for the first transfer was 0.05 XRP and 0.000012 XRP for the second one.

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Image via Whale Alert

On Sept. 22, Ripple was spotted moving 20 million coins to Bitso, the Mexico-based exchange and Ripple’s ODL partner in the Latin America region. The transfer was made from one of Ripple’s alternative wallets used for moving XRP beyond Ripple—to its customers and partners—RL18-VN.

Twelve million coins were sent from Bittrex exchange to Upbit.

Over the past few days, XRP has been trading in the $0.90 range. The token has managed to recover this area after falling to the $0.89 level three times after the drop from the $1.07 mark on Sept. 19, according to CoinMarketCap.

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XRP Value Tripled Since The SEC Actions, Mike Novogratz Says

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Mike Novogratz posted an interesting message on his social media account about the price of XRP. Check it out below.

Someone said: “It plummeted over 60% when the case was filed wiping some people out because they panic sold or was forced to sell. That’s ok if it’s b/c the market itself was the cause but it’s not ok when caused by arbitrary SEC overreach.I agree its recovery shows it’s not only tied to Ripple.”

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One other commenter posted this: “based on XRP’s utility potential , it should be 50x by now in comparison to slow BTC and high gas fees of ETH. so it just trippled since lawsuit after 80% straight dump where as others are 6X since dec 2020 post ripple lawsuit.”

XRP bullish prediction is out

It’s been just revealed that the crypto market intelligence platform Santiment analyzes key on-chain metrics for XRP that are flashing healthy signals for the coin.

Santiment is addressing XRP’s social volume metric and says discussions involving the sixth-largest crypto-asset all over the internet have been pretty quiet.

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Check out what the firm has to say:

“XRP’s social volume saw an uptick, but nothing too crazy like what we observed back in April, where [its] price was parabolic and everyone was just crazy over XRP.”

Santiment continued and pointed out the following as well:

“This lack of interest from the crowd is healthy for now and more so when price keeps inching upwards and social volume remains low, suggesting perhaps the crowd are in disbelief.”

Someone said: “It plummeted over 60% when the case was filed wiping some people out because they panic sold or was forced to sell. That’s ok if it’s b/c the market itself was the cause but it’s not ok when caused by arbitrary SEC overreach.I agree its recovery shows it’s not only tied to Ripple.”

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One other commenter posted this: “based on XRP’s utility potential , it should be 50x by now in comparison to slow BTC and high gas fees of ETH. so it just trippled since lawsuit after 80% straight dump where as others are 6X since dec 2020 post ripple lawsuit.”

XRP bullish prediction is out

It’s been just revealed that the crypto market intelligence platform Santiment analyzes key on-chain metrics for XRP that are flashing healthy signals for the coin.

Santiment is addressing XRP’s social volume metric and says discussions involving the sixth-largest crypto-asset all over the internet have been pretty quiet.

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Check out what the firm has to say:

“XRP’s social volume saw an uptick, but nothing too crazy like what we observed back in April, where [its] price was parabolic and everyone was just crazy over XRP.”

Santiment continued and pointed out the following as well:

“This lack of interest from the crowd is healthy for now and more so when price keeps inching upwards and social volume remains low, suggesting perhaps the crowd are in disbelief.”

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XRP Forecast October 18 — 22, 2021

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XRP/USD end the trading week at 1.1394 and continue to move as part of the rise and the bullish channel. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers and a potential continuation of the cryptocurrency growth from the current levels. At the moment, we should expect an attempt to develop a correction and a test of the support area near 0.9255. Where can we expect a rebound again and a continuation of the rise of the cryptocurrency to the area above the level of 1.8055.

Cryptocurrency XRP Forecast October 18 — 22, 2021

An additional signal in favor of the growth of XRP quotes in the current trading week October 18 — 22, 2021 will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for the Ripple cryptocurrency will be a fall in prices and a breakdown of the 0.6505 area. This will indicate a breakdown of the support area and a continued fall in XRP/USD quotes with a target below the level of 0.5005. Confirmation of the growth of the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the 1.3655 area.

Cryptocurrency XRP Forecast October 18 — 22, 2021

Cryptocurrency XRP Forecast October 18 — 22, 2021 suggests an attempt to test the support level near the 0.9255 area. Where can we expect the continued growth of quotations with a potential target at the level of 1.8055. An additional signal in favor of a rise in XRP value will be a test of the trend line on the relative strength index (RSI). Cancellation of the cryptocurrency growth option will be the breakdown of the 0.6505 area. This will indicate a continued decline with a target below 0.5005.

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XRP Lawsuit: SEC repeats “privileged documents” argument like a broken record

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ripple-v-SEC

After hitting face first in the DPP dispute, the SEC has continued to assert its “privileged documents” stance. The latest development in the XRP lawsuit saw the SEC submit a redacted version of the three additional documents requested by Ripple for in-camera review on the public docket. The commission also submitted an explanation for its privilege assertions for all those documents that the plaintiff had either redacted or withheld by logging them as “privileged”.

SEC asserts protection under DPP and irrelevance of documents

The SEC has reinstated its “privileged” stance, noting that the documents are pre-decisional and deliberative, and therefore protected by the deliberative process privilege. The plaintiff claimed that the court should not be disarming the SEC’s privilege because the additional documents along with SEC’s September 14 documents that the commission filed under Appendix A are both protected under DPP, and discovery will further discourage government employees from genuine deliberations regarding crypto regulations. Additionally, the commission asserts that the documents are also irrelevant to both, SEC’s claims, and defendants’ objections.

“The documents on Appendix A, the Additional Documents are protected by the DPP, and the compelled release of these documents would discourage meaningful deliberations among SEC staff relating to regulatory activities in the digital asset space. Moreover, like the Appendix A documents, the Additional Documents are wholly irrelevant to the SEC’s claims or the Defendants’ proposed defenses…None of these documents even comes close to addressing whether Defendants’ offerings of XRP are securities transactions. The Court should not pierce the SEC’s privilege under these circumstances.”

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Earlier this month the Court granted Ripple’s September 24 appeal, seeking the addition of three documents by the SEC for in-camera review. These documents include the two documents related to the SEC’s meetings with law firms, along the email trail concerning discussions with a third party who received guidance from the SEC to analyze its digital asset under the framework set forth in Hinman’s June 14, 2018, speech.

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