More than $3 billion in XRP traded in just 24 hours as digital assets continue to rebound, according to CoinmarketCap data.
After facing considerable pressure this week, XRP has been pulling along the way, regaining its main support level. XRP rebounded from its $1.94 low in Friday’s session.
On Saturday, XRP maintained its upward momentum, up 2.63% in the last 24 hours to $2.06.
Friday’s XRP action included a 200,000,000 XRP transfer worth $402,739,474 from Ripple to an undisclosed wallet.
According to GlassNode, during XRP’s February spike, the cap realized almost doubled from $30.1 billion to $64.2 billion, with a $30 billion inflow, mainly from new investors. This short-term capital rise speaks to retail-driven momentum. This has cooled down as inflows decreased since February.
🚨: $XRP is the most traded crypto in the Korean exchange, $XRP trading volume stock, trading amount of $249 million. pic.twitter.com/7ppisnliyd
– Brett (@brett_crypto_x) April 12, 2025
In line with this, currently around 6 million older supplies are up from 62.8% of XRP from just 23%. This rapid concentration of new holdings indicates strong retail activity, but also increases the risk of vulnerability as it is based on a large holding cost.
Looking at both the inflow and volume of XRP, the days ahead will be important. If XRP can continue to rise, it could be attempting to regain resistance levels. However, if momentum slows down, XRP could continue to consolidate until the next major move.
XRP predicts major developments
In the latest step in the SEC litigation, Ripple Labs and the U.S. Securities and Exchange Commission jointly filed a request to suspend their respective appeals while “pursuing negotiated resolutions” in the litigation.
James K. Phillant shared the development in a tweet. “The parties have filed a joint motion to retain the appeal of the appeal, based on the parties’ agreement to the settlement. The settlement awaits approval from the committee. No summary will be filed on April 16th.”
As detailed in a filing filed yesterday with the Second Circuit’s U.S. Court of Appeals, the parties have already reached an agreement, with Ripple CEO Brad Garlinghouse indicating last month that the SEC will dismiss the appeal.
Yesterday’s application showed the initial official confirmation that the SEC had removed the appeal filed in October, and that Ripple intends to withdraw its cross appeal.
