XRP whales have transferred nearly 64 million coins between centralized exchanges, sparking mixed market sentiments and fueling speculation about the token's potential to reach its much-awaited wave three target of $1.

Whale Activity and Market Sentiment

The whale transactions have presented XRP with both buying and selling pressure, birthing mixed market sentiments. The data reveals that 32.57 million XRP was dumped to Bitstamp, while 31.60 million XRP was accumulated via Binance. These transactions showcase a sense of mixed belief in the asset's potential to offer gains.

XRP Price and Market Stats

As of writing, the XRP price has illustrated a tight trading session in the past 24 hours, down 0.20% to $0.4936. The token's 24-hour lows and highs are $0.4773 and $0.5078, respectively. The RSI continues to rest along a neutral territory, at 45, contrary to the bullish factors.

Legal Developments and Market Optimism

The U.S. SEC recently announced to lower its proposed settlement offer from $2 billion to $102.6 million, which has sparked increased investor interest in the asset. XRP OI saw a notable spike, underscoring market optimism persisting for the asset, particularly within the derivatives market.

Uncertainty and Future Outlook

However, the RSI's neutral territory and the token's sluggish price action have kept the $1 price target elusive. Crypto market enthusiasts continue to eye XRP for further price action shifts, as the token's potential to hit $1 remains uncertain.