John Deaton, a pro-Ripple attorney, analyzed the impact of the Securities & Exchange Commission’s (SEC) lawsuit against Ripple. In response to the fin
community of holders is awaiting the filing of a motion from Ripple and its executives before the September 1 deadline. According to the schedule set by the court, the SEC will have time to respond to Ripple’s filing until September 8. Find out more about the dates here.
Interestingly, ahead of the deadline to file motions, whale activity signaled mild recovery signs in the altcoin. Based on data from crypto intelligence tracker Santiment, 221 whale wallet addresses holding between 10 million and 1 billion XRP tokens, now have a combined holding of 16.3 billion tokens worth $8.71 billion. At the time of writing, XRP price is trading at $0.5214, struggling to make a comeback above the 10, 50 and 200-day Exponential Moving Averages at $0.5528, $0.6021 and $0.
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