XRP Whales Move Ahead of SEC Ruling—Is This the Start of a Mega Rally?
Whale activity around XRP is heating up—and it’s happening right as the market braces for a critical SEC decision. As major holders position themselves ahead of the ruling, speculation is mounting that a large-scale move could be in the making. Whether it’s a sign of insider confidence or a calculated bet, these strategic shifts are drawing fresh eyes to XRP and its potential for a breakout. In this article, we’ll explore XRP’s current technical setup and what it could mean for the wider altcoin market in the days ahead.
XRP Struggles Below Resistance, Offers Hope for Future Gains
Source: tradingview
XRP's price is hovering between $2.12 and $2.36, hinting at weakened bull activity. The nearest resistance is $2.44, but breaking it could lead to a stronger push towards $2.68. Currently, its weak RSI and negative MACD suggest bears are in control. Over the month, the coin has dropped over 12 percent, showing bearish pressure. However, potential growth could see XRP rise around 13 percent from its current range if it crosses the first resistance. With support at $1.97, the cryptocurrency's resilience will be tested, giving both bulls and bears something to watch. A bounce back is possible if market conditions improve, but for now, the tug of war continues.
Conclusion
While XRP currently battles resistance and bearish indicators, the increased whale movement hints that something larger may be brewing. With a decisive SEC ruling on the horizon, the stage is set for volatility—and possibly a major breakout. If XRP manages to reclaim key price levels and sentiment turns, a rally could unfold quickly. For now, all eyes remain on the charts and the courtrooms, as XRP teeters between pressure and potential.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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