Just as Ripple (XRP) nears the end of its legal battle with the US Securities and Exchange Commissions, matters turn worse.
One of Ripple Labs’ legal counsels filed a withdrawal from the case – a move that shocked XRP investors.
Crypto fans quickly turned into The Hideaways (HDWY) for a promise of better long-term potential and near-term stability.
What is Happening with Ripple (XRP)?
On Friday, Ripple CEO Brad Garlinghouse’s co-defendant counsel applied to withdraw from the case.
Attorney Nicole Tatz is ascending liability from her duties with the Ripple case after resigning from Cleary Gottlieb Steen & Hamilton LPP effective December 31.
This happened while the market was in dire anticipation of Ripple Labs’ two-year battle against the US SEC.
The recent setback took a hard hit on Ripple (XRP)’s price which declined 3% to $0.34 in the 24-hour charts. Investors are panicking over the spillover effects of Tatz’s resignation.
One possibility is that the case would continue to drag on until the end of 2023, thus affecting Ripple (XRP)’s price negatively.
XRP’s price is down 10.29% and the 30-day charts as the market switched over to better-performing tokens like The Hideaways (HDWY) during the period.
XRP Whales are Moving their Holdings
Due to the recent setback, Ripple (XRP) whales are moving their holdings. Collective fear dominates in the coin’s on-chain analysis.
High-profile XRP holders have reportedly removed 675 million tokens worth $230 million in current market prices.
About 170 million XRP with a collective value of $58 million were moved from cold wallets to crypto exchanges for profit taking, explaining why XRP declined at the time that the majority of cryptocurrencies like The Hideaways (HDWY) booked profit on the same session.
Ripple (XRP)’s relative strength index confirms the fear dominance after falling to 33.29 today. Analysts warned that an entrance in the oversold territory could put $0.31 back on the charts.
Why Ripple (XRP) Investors Turn Over to The Hideaways (HDWY)?
There are many cryptocurrencies that Ripple (XRP) holders can into, but many take a chance on the presale token The Hideaways (HDWY).
The Hideaways (HDWY) has one important trait Ripple (XRP) currently lacks: stability. It offers NFTs with real-world value. Digital collectibles, going as low as $100, are backed with real estate assets that give a steady monthly rental income.
If you are not a passive income searcher, there’s also a good opportunity to make money. The Hideaways (HDWY) currently holds a $100,000 prize draw for all token holders to celebrate its presale success.
The Hideaways (HDWY) sold 50% of its presale holdings a month after launching to the public and gave early investors a 900% ROI in just three months.
You’re not missing anything. The Hideaways (HDWY) is expected to hit a 9000% growth in 2023. Take it while the price is still at $0.10.
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