$439M XRP Transfer and Legal Twist

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Hey crypto trailblazer, 👋

Ripple’s legal saga just took another dramatic turn. From blocked settlements to surprise fund transfers, XRP is back in the spotlight for all the wrong reasons.

Let’s break down the latest ripple effects. 🌊

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⚖️ Ripple Drops Cross‑Appeal but Settlement Blocked

• Ripple has withdrawn its cross‑appeal in the SEC lawsuit, signaling a desire to narrow the legal battleground, though the core case still proceeds.

• A federal judge rejected the joint settlement motion, which Ripple and the SEC had hoped would reduce the penalty to $50 million and lift certain injunctions.
  
  Why it matters: Ripple is stepping back on legal escalation, but full closure still remains out of reach.

💸 $439M XRP Transfer Triggers $7.18M Liquidationsns

• On‑chain data shows a $439 million XRP transfer, the third largest in history, that sparked concerns.

• The move triggered approximately $7.18 million in long-liquidations, as leveraged traders caught in bullish positions were forced out.

What this tells us: XRP remains highly sensitive to legal and corporate moves.

Stay epic,

Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.