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Ripple, XRP, and Bitcoin: Key Developments Over the Weekend

Discover the latest updates on Ripple's settlement, XRP's bullish momentum, and a massive Bitcoin withdrawal from Kraken.
Published on 2025-04-14

Ripple CEO Brad Garlinghouse Discusses Settlement with SEC

Ripple CEO Brad Garlinghouse revealed that the company has allocated funds for a $50 million payment to the SEC and another $50 million to the U.S. government. Notably, Garlinghouse hinted that these payments could be made in XRP, sparking interest among XRP bulls. This development comes as Ripple continues to navigate the regulatory landscape in the U.S., with Garlinghouse highlighting the need for further clarity in crypto regulations.

XRP Shows Bullish Momentum with Bollinger Bands Breakout

XRP has gained traction among analysts after breaking above the middle line of its Bollinger Bands on the daily chart. This technical shift, occurring on April 13, suggests a bullish trend, with XRP currently trading at $2.14, up over 14% for the week. The upper Bollinger Band at $2.40 is seen as a potential target, indicating a higher base formation for the cryptocurrency.

Kraken Sees Massive Bitcoin Withdrawal

A staggering $578 million in Bitcoin (7,002 BTC) was withdrawn from Kraken, according to Whale Alert. While initial concerns arose about the transfer to an unknown wallet, data from Arkham suggests the wallet may belong to Kraken itself, indicating an internal movement rather than an external transaction. This has eased concerns about potential security breaches or significant investor activity.

These developments highlight the dynamic nature of the crypto market, with Ripple's legal progress, XRP's technical strength, and Kraken's internal movements grabbing attention over the weekend.

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