Ripple has been in the news a lot lately due to the SEC’s lawsuit against its CEO, Brad Garlinghouse. According to the latest data, Ripple has been listed and ranked seventh on CoinMarketCap. In the midst of this, Analytics Platform Whale alerts caught this transaction. He also reported that in total about 40 million XRP were transferred.
The Ripple CEO hopes that the new management in the SEC can help resolve the differences between the Government and Ripple. There are reports of a possible deal with the two sides. If this deal happens, there could be a massive increase in the price of XRP.
XRP Price Analysis
According to CoinMarketCap, reasonable trading volumes worth $4,721,470,179 have occurred in the last 24 hours. This volume is 15.73% more than the previous trading session. Experts suggest that if XRP fails to drop in two trading sessions, there is the potential to break multiple resistances at $0.59 and $0.6 and rise above $0.65.
XRP’s market cap remains at $26,509,501,012 after rising 2.37% in the last 24 hours. Ripple (XRP) analysis kept XRP prices above the trendline, consolidating above $0.54. The 30 Minute candlestick trendline shows that the currency is still in bullish momentum. A single trading session with a good buying frenzy can push XRP to $0.8 or higher.
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