The post Ripple Transferring 70 Million XRP to Gain Profits as XRP Exceeds $0.54, What’s Next?  appeared first on Coinpedia Fintech News

Ripple has recently secured significant legal victories. The U.S. district court ruled in July that secondary sales of XRP did not constitute securities transactions. After the SEC’s interlocutory card backfired, the latest move of the SEC stumbled many. Last week, the SEC also dropped its charges against Ripple executives Brad Garlinghouse and Chris Larsen.

These developments have delivered regulatory clarity for XRP and bolstered investor confidence, contributing to a 10% increase in XRP’s value over the past week, with the token currently trading slightly above $0.54. Whale Alert, a leading blockchain tracker, reports a staggering surge in XRP transactions linked to Ripple Labs in the past 24 hours. So, what’s coming this week for XRP?