Two significant XRP transactions totaling nearly 500 million XRP have been made in the past 24 hours. The first transaction involved the movement of 412,334,412 XRP tokens, equivalent to approximately $213 million. The second transaction was made by Ripple Labs and saw the transfer of 26,500,000 XRP, valued at $13 million, to the Bitstamp cryptocurrency exchange. It is not uncommon for Ripple Labs to send large XRP batches to exchanges like Bitstamp and Bitso, with previous transfers amounting to 20 to 30 million XRP. These transactions coincide with Ripple’s recent legal victories against the SEC, which have generated optimism and price predictions for XRP. Ripple’s upcoming court battle scheduled for April 2024 is expected to have significant implications for the cryptocurrency market and US regulation.
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