Are XRP Whales Preparing for a Big Move as Ripple vs. SEC Lawsuit Nears Conclusion?

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Are XRP Whales Preparing for a Big Move as Ripple vs. SEC Lawsuit Nears Conclusion?

Ever since Donald Trump's election victory and his vow to support the crypto industry - including firing former SEC Chair Gary Gensler - speculation has been mounting about a potential resolution in the long-running lawsuit between Ripple and the U.S. Securities and Exchange Commission (SEC).

The buzz grew even louder after the SEC dropped several cases against major crypto firms like Coinbase, Consensys, and Kraken. Now, many are wondering if Ripple could be next.

Legal analysts are split on whether the Ripple lawsuit is nearing its end. Some argue that the case is too complex, given its four-year history and the hefty penalty Ripple faced last year. Others, however, believe the legal battle is already settled or will be soon, thanks to shifting political and regulatory landscapes.

Regardless of the exact timing, a favorable outcome for Ripple is expected to have a dramatic impact on the price of its native token, XRP - which already saw triple-digit gains following the recent political and regulatory changes in the U.S.

Whales on an Accumulation Spree

XRP whales have been particularly active in recent months, often influencing the asset’s price through their trading behavior. Just weeks ago, at the end of February, major holders were offloading their XRP, leading to a price drop to $2.

But now, the tide seems to be turning. Crypto analyst Ali Martinez highlighted a massive accumulation trend, revealing that whales purchased over 150 million XRP within just two days. This sudden buying spree raises the question - are these major players positioning themselves for the lawsuit’s conclusion?

With the legal battle potentially reaching its final chapter, all eyes are on XRP’s next big move. If history is any guide, whale activity could be an early signal of what’s to come.

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