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XRP wins the century lawsuit, Whale splurges 100 million USD to celebrate.
The SEC lost, completely lost. After years of legal tug-of-war, the court ultimately ruled that XRP is a commodity and not a security. As soon as the news broke, the entire crypto community exploded. More dramatically, within minutes of the ruling being announced, a mysterious Whale directly transferred 30 million XRP, worth nearly 100 million dollars.
The significance of this lawsuit goes far beyond XRP itself. The SEC has been trying to classify cryptocurrencies as securities for regulatory purposes, and this loss essentially marks the complete failure of that strategy. The court clearly ruled that XRP, in its current usage and distribution, does not constitute a security and should be considered a commodity. This precedent will influence the regulatory direction of the entire industry.
The market reaction has been explosive. The price of XRP skyrocketed from $3 to $3.30, an increase of over 10%. Even crazier is the trading volume, with over $1.9 billion worth of XRP transferred in large amounts within 24 hours. These are all long-term holders and institutional investors in action, who have been waiting too long for this day.
Ripple can finally breathe a sigh of relief. For the past few years, many American financial institutions have been hesitant to touch XRP due to the SEC's lawsuit, which severely impacted Ripple's business expansion. Now that the legal barriers have been cleared, Ripple can spread its wings. The cross-border payment market is so large, and the technical advantages of XRP are evident, making the prospects quite promising.
The actions of the Whale are worth pondering. The timing of the transfer of 30 million XRP was incredibly precise, clearly well-prepared. On-chain data shows that these large holders are reconfiguring their positions, possibly preparing to participate in more DeFi activities, or getting ready for higher price levels. In any case, the direction of smart money is already very clear.
From a technical perspective, XRP has already broken through the long-term resistance level, with the next target being $4. Considering the positive impact of legal certainty and the global trend of central bank digital currency development, XRP, as a digital asset specifically designed for cross-border payments, indeed occupies a favorable position. Of course, there may be profit-taking in the short term, but the logic for a long-term bullish outlook is already very clear. #内容挖矿,赚丰厚返佣#