70M XRP Abruptly Shifted, Sparking Speculation On Something Big Coming Today

Crypto analyst JackTheRippler, in a post on X, reported that 70 million XRP—valued at approximately $150.36 million—was transferred between two unknown wallets. The analyst emphasized the timing of the transfer, stating, “Something significant is unfolding behind the scenes before April 16, a crucial date for the SEC and Ripple!” The large-scale transaction, tracked by Whale Alert , has attracted significant attention due to its timing and potential connection to a key legal development anticipated in the ongoing dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). BREAKING: 70,000,000 #XRP worth $150,361,090 has been transferred from unknown wallet to unknown wallet! Something significant is unfolding behind the scenes before April 16, a crucial date for the SEC and Ripple! pic.twitter.com/PlNMwKtgpB — JackTheRippler © (@RippleXrpie) April 15, 2025 April 16: A Date of Legal Expectation The XRP community had widely anticipated a court filing by Ripple on April 16, which would have addressed the SEC’s appeal of Judge Analisa Torres’ 2023 ruling . That ruling concluded that XRP sales on public exchanges did not violate securities laws. Ripple was expected to challenge the SEC’s appeal of the public sales portion of the ruling. Case Paused Amid Settlement Talks Despite expectations, legal analyst Fred Rispoli clarified that there was only a 10 percent chance that a filing would occur on April 16. He explained that the case is currently being handled across two courts, and no updates can proceed in the district court until the appeal is either withdrawn or resolved through a settlement. The pause in proceedings, also noted by X user Alessandro, is due to a mutual agreement between the SEC and Ripple to suspend the appellate process while settlement discussions continue. This status was confirmed by earlier reports from Times Tabloid. SEC Appeal Withdrawal Signals Shift in Strategy While no filing has been made so far, April 16 remains significant due to its role in highlighting the current state of the case and the potential for a near-term resolution. The SEC’s withdrawal indicates a possible recalibration of its approach to digital asset regulation and could signal more favorable conditions for Ripple moving forward. JackTheRippler’s observation of the 70 million XRP transfer underscores how closely major holders and analysts monitor the case’s progress and how it could be linked to certain transactions. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post 70M XRP Abruptly Shifted, Sparking Speculation On Something Big Coming Today appeared first on Times Tabloid .

Source: TimesTabloid