XRP Whale’s $73M Transfer Sparks Market Volatility Fears as Price Tests Key Resistance
A massive transfer of 29 million XRP tokens (worth $73 million) to Coinbase has raised concerns about a potential sell-off, as XRP tests critical resistance NEAR $2.50. Analysts warn of a possible drop to $2.00 if selling pressure intensifies, with elevated market leverage increasing vulnerability to cascading liquidations. As of May 16, 2025, XRP is trading at $2.4114.
XRP Whale Dumps $73M Coins to Coinbase: Market Braces for Potential Price Volatility
A significant transfer of 29 million XRP tokens worth $73 million to Coinbase has sparked concerns of an impending sell-off. The MOVE comes as XRP tests key resistance near $2.50, with analysts warning of potential downside toward $2.00 support if selling pressure materializes.
Market leverage remains elevated at current price levels, leaving XRP vulnerable to cascading liquidations should prices breach critical support zones. Derivatives data shows open interest concentrated around the $2.00 psychological level, creating a potential liquidation cascade trigger point.
Diverging analyst views emerge as some maintain bullish targets of $2.65 in the near-term and $10 long-term, citing fundamental adoption metrics. The whale activity highlights the ongoing tension between large holders’ profit-taking behavior and institutional accumulation patterns observed in recent months.
Judge Denies Ripple and SEC’s Motion for Indicative Ruling, XRP’s Path Forward Unclear
Judge Analisa Torres of the Southern District of New York has denied a joint motion from Ripple Labs and the U.S. Securities and Exchange Commission (SEC) seeking guidance on whether the court’s July 2023 summary judgment could be reconsidered. The decision keeps the high-profile case on track for potential appeals, maintaining regulatory uncertainty around XRP.
Market observers note XRP’s price remains positioned for a potential retest of all-time highs, fueled by growing institutional demand. The denial comes as both parties sought to incorporate legal arguments from the recent Coinbase ruling regarding application of the Howey test to digital assets.
Judge Rejects $50M Ripple-SEC Settlement Proposal, Forcing Court Reassessment
In a pivotal development for cryptocurrency regulation, Judge Analisa Torres has denied a joint motion by Ripple Labs and the U.S. SEC seeking preliminary approval of a revised $50 million settlement. The proposed deal—which would have reduced Ripple’s original $125 million penalty—was rejected on procedural grounds despite both parties’ alignment.
The court’s ruling underscores the judiciary’s insistence on proper legal channels, even when defendants and regulators reach consensus. This decision prolongs a landmark case that continues to shape the SEC’s approach to digital asset enforcement. Market observers note the rejection may signal heightened scrutiny of crypto settlements moving forward.
Ripple Lawsuit News: How Long Till XRP vs SEC Actually Ends? Deaton Breaks It Down
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has entered another phase of uncertainty. Pro-XRP lawyer John Deaton reveals both parties had initially agreed to settle, with the SEC dropping its appeal on XRP’s secondary sales and Ripple conceding to a reduced $50 million fine for institutional sales.
Judge Torres’ unexpected intervention has delayed resolution, prolonging a case that has become a benchmark for crypto regulation. The $150 million penalty initially proposed now hangs in the balance as procedural complexities continue to test the patience of XRP holders and the broader digital asset market.
