The post Ripple Whales Buy 120M XRP As Garlinghouse Speaks On Crypto Regulatory Clarity appeared on BitcoinEthereumNews.com.

Ripple whales are on a buying spree, as evidenced by the recent transactions, signaling an increasing market focus towards XRP. Notably, a top analyst recently highlighted that as the XRP noted a slight retreat, many investors took the opportunity to buy the dip, signaling long-term confidence in the asset. Besides, it also comes as Brad Garlinghouse recently gave an interview with 60 Minutes regarding the crypto industry’s fight for regulatory clarity in the US. Ripple Whales Buy 120M XRP Sparking Optimism The XRP has noted a strong rally recently, nearing the $2.9 level this week, amid soaring investors’ optimism. However, like the other traditional as well as digital assets, the surge was not without some pullbacks. For context, the crypto has retreated from the $2.9 level to as low as $2.2 in the last 24 hours, as traders appear to be taking a pause. However, amid this, top crypto market expert Ali Martinez has highlighted a bullish sign for the crypto. In a recent X post, the analyst said that as the XRP price dropped to the $2.2 level, Ripple whales took the opportunity to buy the dip. He noted that the whales have purchased more than 120 million XRP recently, worth around $288 million. Source: Ali Martinez, X This massive XRP whales’ buying trend also highlights the growing market confidence in the asset. In addition, it also sparked optimism over further gains ahead, potentially sending the crypto to a new ATH in the coming days. In addition, the recent interview of Ripple CEO Brad Garlinghouse with 60 Minutes, which is scheduled to air on Sunday, December 8, is expected to fuel further optimism. Garlinghouse, in a recent X post, said that “- the interview I gave with 60 Minutes about crypto’s fight for regulatory clarity in the US will…

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Filed under: News - @ December 7, 2024 1:26 pm