XRP, Ripple’s native cryptocurrency, has seen a price recovery after a strong crash to $0.47 last week. According to blockchain analytics platform Santiment, wealthy investors are driving XRP towards a price rebound following a decline in the broader cryptocurrency market last week.Santiment reported that there are 221 addresses holding between 10 million – 1 billion XRP, which now hold a combined 16.13 billion tokens worth $8.71 billion. There was an extraordinary expansion of 1.01 billion XRP tokens, which propelled their combined holdings to a staggering 11.03 billion XRP.In contrast, the trajectory of accumulation has been notably more gradual for smaller addresses, containing between 10 million and 100 million XRP units. During a recent timeframe spanning from August 13 to the present, these investors have progressively fortified their positions, amassing an impressive 200 million tokens. Consequently, their combined holdings now amount to a significant 5.08 billion XRP.Over the weekend, there were no new developments in the ongoing SEC vs Ripple legal battle. The Securities & Exchange Commission (SEC) stated in its recent motion for interlocutory appeal that digital assets lack inherent value and are essentially computer code. This statement from the financial regulator stands in stark contrast to the initial phase of the lawsuit, during which the SEC referred to XRP as a “digital asset security.” The change in the SEC’s stance has sparked optimism that Judge Torres’ determination that XRP is a “non-security” will remain unchanged.

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	None
Companies	SEC, XRPLedger, Santiment, Securities & Exchange Commission, Crypto News Flash
Currencies	XRP, Bitcoin, Ethereum, USD, None
Securities	None