🔵Crypto whales are actively accumulating XRP as the legal dispute between Ripple and the SEC approaches its conclusion. Within 24 hours, major investors withdrew $292.5 million worth of XRP from exchanges like Upbit, Binance, and Coinbase, moving the funds to private wallets for long-term holding.
🔵Market participants attribute this activity to reports of the lawsuit, initiated in 2020, nearing its resolution. Attorney Jeremy Hogan predicts the case will conclude by mid-2025, with the departure of SEC Chair Gary Gensler in January potentially influencing its outcome.
🔵In the short term, XRP’s price, which surged 285% to $1.96 during the “Trump rally,” is expected to see a correction. However, analysts believe the price will not drop below $1.70, making the asset an attractive buy for investors anticipating further growth.