Ripple Whales Shift 430M XRP as Brad Garlinghouse Expresses Optimism on U.S. Crypto Policy and Ripple-SEC Settlement Talks
Key Highlights:
- 430M XRP transferred by Ripple whales, including 300M XRP to an unknown wallet.
- Ripple CEO Brad Garlinghouse meets with lawmakers, signaling optimism for U.S. crypto regulations.
- Pause in the Ripple-SEC lawsuit sparks speculation of a possible settlement, with discussions on an XRP ETF gaining momentum.
Ripple Whales Move 430M XRP in Large Transactions
A surge in large XRP transfers has drawn attention within the crypto community. Blockchain tracking service Whale Alert reported that over 430 million XRP were moved within hours. This included a 300 million XRP transfer from Ripple to an unidentified wallet, followed by another 90 million XRP moved between unknown wallets. Additionally, 40.8 million XRP were transferred from Coincheck to an undisclosed address.
These movements have raised speculation, as whale transactions often signal strategic positioning by major holders, potentially affecting market liquidity and investor sentiment.
Brad Garlinghouse Optimistic About U.S. Crypto Regulations
Ripple CEO Brad Garlinghouse has voiced optimism regarding recent legislative developments in Washington, D.C.. He emphasized that bipartisan support for clearer crypto regulations is gaining traction, calling it an opportunity to advance meaningful legislative changes.
“There is finally an incredible opportunity to advance meaningful bipartisan legislation,” Garlinghouse stated after meeting with lawmakers, including Senator Tim Scott and Representatives Ritchie Torres, William Timmons, and French Hill.
Garlinghouse has long criticized the lack of regulatory clarity in the U.S., arguing that it has pushed crypto innovation overseas. His recent comments suggest that policymakers may be shifting towards a more constructive stance on digital assets. This optimism follows the SEC’s acknowledgment of a 19b-4 filing related to a potential XRP ETF.
Ripple-SEC Settlement Speculation Grows
Speculation about a possible Ripple-SEC settlement has intensified after a U.S. federal judge paused the SEC’s lawsuit against Binance for 60 days. This pause, requested by both parties, is seen as a sign that regulatory bodies may be reconsidering their approach to crypto-related lawsuits.
Crypto analysts believe this could impact the ongoing Ripple-SEC legal battle, potentially leading to a settlement. The SEC’s recent decision to acknowledge XRP ETF filings further hints at a changing stance on digital asset regulations.
XRP Price Outlook – Can It Reach $110?
Despite significant whale activity, XRP’s price has remained relatively stable, with traders closely monitoring developments. Analysts suggest that if regulatory clarity improves and an XRP ETF is approved, the asset could enter a new price discovery phase.
Some market experts predict that XRP could rally to $110, potentially marking a new all-time high for the cryptocurrency. Investor sentiment remains positive, with many XRP holders confident in the asset’s long-term growth potential.
