- Yesterday, the SEC filed its Reply Memorandum in Further Support of its Motion to Certify Interlocutory.
- Additionally, earlier today, a whale transferred 97,821,325 XRP from an anonymous wallet to another anonymous wallet.
- At press time, XRP was worth $0.5037 after its price climbed by 0.03% over the past 24 hours.
Yesterday, defence lawyer James K. Filian shared on X that the SEC has filed its Reply Memorandum in Further Support of its Motion to Certify Interlocutory Appeal. This is after the SEC expressed its plan to appeal Judge Analisa Torres’ decision in the U.S. District Court for the Southern District of New York.
Subsequently, the judge granted the SEC permission to proceed with its appeal, setting a deadline of 1 September 2023 for Ripple to present its counterarguments. The filing made on Friday is a direct response to Ripple’s opposition memo.
The latest development in the Ripple vs SEC case is not the only reason why XRP is a trending topic heading into the weekend. The XRP enthusiast, XRP Whale, shared a post on X earlier today to announce that a whale recently transferred 97,821,325 XRP, worth approximately $49,125,869.42, from an anonymous wallet to another anonymous wallet.
Meanwhile, in the last 24 hours, the remittance token saw a modest price gain of 0.11%, according to CoinMarketCap. As a result, the cryptocurrency was trading at $0.5037, positioning itself closer to its highest point in the past day at $0.5059, rather than its lowest point of $0.497.
Furthermore, XRP demonstrated a slight improvement against the market leader, Bitcoin (BTC), with a gain of approximately 0.03%. Nevertheless, despite this increase in price, XRP experienced a decline in its 24-hour trading volume, dropping by over 14% during the past day. As a result, its trading volume stood at $606,787,221.
However, the increase in XRP’s price contributed to a weekly performance gain of +1.47%, pushing it further into the green. With a market capitalization of $26,749,057,707, XRP held the 5th position among the largest tokens by market capitalization. This positioned it between BNB in the 4th place and ahead of USD Coin (USDC) in the 6th spot.
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