XRP loses ground as Ripple CTO calls SEC corrupt

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XRP loses ground as Ripple CTO calls SEC corrupt
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XRP price has invalidated in nine days all the gains it registered throughout the second half of September. However, this has not suppressed the bulli

XRP price is trading at $0.48, closing in on invalidating the critical support line of $0.47. Ripple CTO stated that SEC did not show favoritism but corruption by clearing Ethereum from being a security. Ripple proponent John Deaton also called out the US House FSC for being ineffective in its oversight of the SEC Chair. shness of Ripple enthusiasts, including members of the firm who are defending XRP religiously.

Thus, Ripple enthusiasts and team members do not seem to be in the mood to spare the SEC either directly or indirectly. Meanwhile, Ripple whale addresses, particularly the cohort holding between 1 million and 10 million XRP, have added over 90 million XRP tokens worth about $43 million over the past two weeks. Their total holding rose from 3.75 billion XRP to 3.84 billion XRP as of today. Whales have been fairly influential in the price action since December 2022.

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