Ripple transfers 200 million XRP tokens worth $117.6 million. XRP has declined by 2.46% on monthly charts, but positive market sentiment still hold.has experienced challenging months amidst legal battles. With the clouds of possible SEC appeal of the previous case, Ripple has been in defensive mode. Amidst this, Ripple has made massive XRP transfers.This transfer is worth about $117.6 million based on press time market rates.
Although the reason for the transfer remains unclear, it has triggered massive discussion among the XRP community. The timing has caught the market’s attention, especially over the increased concerns of a potential appeal by the SEC.Amidst these transfers and market speculation, XRP has struggled with a strong downtrend. In fact, as of this writing, XRP was trading at $0.5852. This marked a 1.13% decline over the past day.