XRP, the native cryptocurrency of Ripple Labs, experienced a slight increase in price on Wednesday despite facing regulatory pressure from the US Securities and Exchange Commission (SEC).

Crypto whales have been observed moving millions of XRP tokens across exchanges, with around 140 million XRP worth approximately $60 million being moved in the past 24 hours. This suggests that whales are looking for a price surge in order to sell their holdings and make a profit. XRP's price has declined by 15% over the past 30 days and is currently trading at an average price of $0.431.