Ripple has moved 120 million XRP tokens in two separate transactions, with the assets eventually sent to several exchanges. The first transaction involved the transfer of 50 million XRP to another address owned by Ripple, which then transferred 70 million XRP to another Ripple-affiliated wallet before being sent to Bitso, Bitstamp and Independent Reserve. In addition to Ripple's movements, other whale addresses cumulatively moved over 230 million XRP tokens in five separate transactions. These transactions come at a time when XRP is struggling to hold above the $0.46 price territory amid a fierce battle with the bears.

Ripple’s native crypto, XRP price has been stagnant over a long period of time due to facing uncertain future possibilities pushed by the U.S. Securities and Exchange Commission (SEC). Despite facing legal troubles from the commission, XRP price surge in the last 30 days has managed to beat Bitcoin, the world’s largest crypto.

XRP, the native cryptocurrency of Ripple, experienced a slight decline as the broader digital market saw a sell-off, coinciding with U.S. financial regulators launching legal attacks on several crypto exchanges. Despite this, crypto whales were caught moving millions of XRP between wallets and exchanges. WhaleAlert reported that over 214 million XRP tokens, worth approximately $107 million, were moved by whales in multiple transactions over the past 24 hours. Some of these tokens were transferred to different crypto exchanges in order to book profits, with the largest transaction being 98.6 million XRP, worth approximately $50.8 million, moved between unknown wallets. XRP has seen a surge of 37% in the last 30 days.

Big investors are interested in Ripple’s XRP, presumably driven by speculations around the blockchain’s case with the U.S. SEC and improving sentiment in the digital asset space.

XRP Whales are becoming more active once more as the crypto market picks back up. They seem to have taken advantage of the small decline in prices to load up their bags over the last month, leading to a significant uptick in the number of tokens they hold on their balances.

Data show that crypto whales are currently trooping into the XRP network, which can be attributed to investors’ optimism in the ongoing lawsuit between Ripple, the San Francisco-based cross-border payment firm, and the United States Securities and Exchange Commission (SEC).

The recent slew of whale transactions has raised questions, especially considering the situations with Silvergate and Silicon Valley Bank.

364 million XRP tokens have been moved in five whale transactions in the past 24 hours.

XRP whales have moved over 507 million tokens in the past 24 hours as the asset faces fierce resistance at the $0.42 zone amid a lack of updates on the legal tussle between Ripple and the U.S. SEC.

XRP whale accumulation has resumed following a relatively quiet weekend, as two different whale addresses transferred over 405M tokens within 15 hours, with one of them activated just today. This resumption in whale activity comes up at a time when the asset has slipped below the $0.42 level and is struggling to retain its position above $0.40.