Ripple Transfers 200 Million XRP Valued at $457 Million
Ripple's XRP Performance
- XRP traded below $1 for most of 2024.
- Price surged past $1 on November 6, broke $2 by December 2, and exceeded $3.30 on January 18, 2025.
- Ripple transferred 200 million XRPs valued at approximately $457 million, attracting significant market attention.
SEC Case Developments
- The recent transfer coincides with ongoing negotiations in the SEC case against Ripple.
- Ripple is facing a $125 million fine from an August ruling and restrictions on selling XRP to institutional buyers.
XRP Price Outlook
- Analysts predict initial price target of $2.42, with potential for higher gains if favorable settlement occurs.
- Current support levels are at $2.04 and $2.22.
- Possible price targets range from $4.25 to $5.80 depending on SEC resolution.