Ripple whales are drawing attention in the latest XRP news due to their continued buying activity. Recent data indicates that large investors, commonly referred to as whales, have acquired 520 million XRP tokens during a recent price dip. This buying trend suggests that some market participants remain confident in the cryptocurrency’s potential, despite the downturn, Coingape reported.

At present, XRPUSD is showing bullish momentum on the H1 chart. The price is currently at a significant resistance level, with a potential breakout that could push the price further upward. However, this resistance point remains a crucial factor in determining the next direction for the asset.

XRP Sees Steady Inflows amid Market Dip

Additional data points to a steady influx of Ripple ’s native cryptocurrency since the start of the week. Despite the overall subdued trading environment, the consistent inflows suggest ongoing investor interest.

Crypto market analyst Ali Martinez highlighted the whale buying activity, noting that large investors capitalized on the recent price dip. Martinez stated that whales had accumulated 520 million tokens, a move that could signal renewed confidence among some traders. If this trend continues, it may play a role in the eventual recovery of XRP.

XRPUSD Bulls Eye Trendline Breakout

XRPUSD has been showing bullish momentum for the past few hours. On the H1 chart, the price has been steadily moving north, forming a series of consecutive bullish candles. Currently, the price is at a key resistance level formed by a trendline. If a breakout occurs, the price could push further upward, gaining more momentum. In such a scenario, the next resistance level may be around $2.80, where the price could face another challenge.

SEC Staff Reassignments, Ripple's DeFi Push, and the Future of XRP Regulation

The SEC’s recent reassignment of key staff members, including Jorge Tenreiro, has raised questions about the agency’s future direction, particularly concerning cryptocurrency cases such as Ripple. Tenreiro, who previously oversaw the SEC’s litigation in cases like Ripple and Coinbase, has been moved to the IT department.

Ripple has been involved in several recent developments, including a donation of $100,000 in XRP to support communities impacted by the California wildfires. The company contributed to organizations such as World Central Kitchen and GiveDirectly via The Giving Block platform.

Additionally, Ripple has made strides in decentralized finance (DeFi) through a partnership with Chainlink. This collaboration integrates Ripple’s RLUSD stablecoin with DeFi applications on the Ethereum blockchain, enabling trading and lending features.

The debate surrounding XRP’s potential inclusion in a US crypto reserve continues, with concerns raised over centralization. In response, Ripple’s Schwartz defended the decentralization of the XRP Ledger, highlighting its resilience to manipulation.

Ripple is also making progress in Japan, where it is anticipated that banks will adopt the XRP Ledger by 2025. According to SBI CEO Yoshitaka Kitao, this initiative aims to enhance cross-border payments and currency conversions for remittances.

The XRP Ledger (XRPL) experienced a brief disruption due to an issue with its consensus mechanism. During this time, validations were not published, causing the ledgers to “drift apart.” In the XRP Ledger, consensus is required to update the ledger with new transactions. When validators fail to agree on which transactions to include, the network halts.

A “drift” occurs when consensus is reached but validations are not published. At least one validator operator reset the consensus to a validated ledger state. Ripple's CTO, David Schwartz, mentioned that the issue appeared to resolve itself.