Significant XRP activity occurred as whales transferred millions of XRP coins to exchanges. This happened shortly after Ripple filed a cross-appeal against the U.S. Securities and Exchange Commission (SEC) concerning the ongoing lawsuit. The filing has drawn attention, causing market participants to express concern about potential volatility.
On-chain data highlighted that nearly 81 million XRP were moved in a single day. This movement aligns closely with Ripple's legal actions, emphasizing the connection between legal developments and market reactions.
This combination of significant coin movements and legal maneuvers has the potential to influence the XRP market, with investors closely watching for further developments.
