Ripple’s XRP has been one of the most popular cryptos on the market thanks to the impressive price performance, especially after the re -election of US President Donald Trump.
Trade under $ 1 for most of 2024, XRP Does his only days after the November elections and breaks the $ 1 level on November 6 and the barrier of $ 2 for 2 December and then rises by $ 3.30 on January 18.
Now Ripple is back in the news for moving 200 million XRPs with a value of around $ 457 million. This massive transfer, often associated with “Whale chanties”, attracted the attention of many and led many to speculate.
Is the SEC-Ripple case approaching that its settlement is approaching?
The latest XRP transmission caught the attention of Whaling warning (@WHale_Alert) and was immediately re -circulated on the popular platform. Interestingly, Ripple regularly transfers XRPs, including the planned release of 1 billion XRP from his Escrow every month to support the circulation of the token.
Although most Ripple’s transactions are routine, this recent transaction received some attention to its size and timing.
– Whale Alert (@WHale_Alert) March 13, 2025
Markt is waiting for a decision about sec vs. Ripple
Ripple’s newest huge assets transmission comes when the SEC’s case against Ripple his arrangement is approaching. According to some reliable sources, the delay in the resolution of the case is caused by Ripple’s efforts to negotiate a favorable regulation.
A controversial issue in the case is the decision of the court of August, which fined fined $ 125 million and limited the company to sell its native token to institutional buyers.
XRPs price roadmap
While Ripple continues his negotiations with the SEC, investors and traders actively look at the market performance of the token. According to some analysts, token has already completed its price correction with the help of a four -hour period.
There are numerous price forecasts for XRP, where some commentators say that it can initially hit $ 2.42 before it makes a run. As soon as the price of XRP comes from the “Ichimoku clouds”It is expected to hit higher highlights.
Currently, supporting token is $ 2.04 and $ 2.22, and many expect XRP to deal with volatility in the short term. However, the biggest push of the token comes from a favorable resolution of his SEC case and if it happens, analysts expect the price to reach $ 4.25 or even $ 5.80.
Featured image of NewsBit, Graph of TradingView
