Cryptocurrency whales are accumulating XRP ( XRP ) by the end of the trial between the token issuer and the company Ripple and the US Securities and Exchange Commission (SEC).
According to the service Whale Alert , over the past 24 hours, the fat cats have made at least three large transactions related to the withdrawal of XRP from crypto exchange accounts. Rich traders transferred from the balance of trading platforms Upbit , Binance and Coinbase XRP worth $292,5 million in crypto storage facilities, the identities of whose owners are still unknown. It can be assumed that whales bought the coins on exchanges during the bull rally and sent them to their crypto wallets for long-term storage.
It is likely that the fat cats have become active due to the news that the legal battle between Ripple and the SEC, which began in 2020. From a recent court ruling стало известно , that the parties have agreed to speed up the process of considering the claim and will not put spokes in each other's wheels. According to lawyer Jeremy Hogan, the dispute between the regulator and the creators XRP will be resolved by mid-2025, and the course of the case will be affected by the dismissal of SEC Chairman Gary Gensler, who will step down in January.
However, in the short term XRP should become cheaper. As part of Trump's pump, the coin has risen in price by 285%, and on December 1, the asset rate reached its highest since April 2021 at $1,96. Despite the impressive bullish rally, on the four-hour chart, the RSI index dropped to the upper boundary of the neutral zone, so we should not expect a significant correction in the cryptocurrency price.
Most likely the cost XRP will not fall below the 100-hour moving average line, which is currently around $1,7. Accordingly, tokens can be bought at this rate with the expectation of making a profit after the upward movement resumes.
Possible rate correction XRP
