Whales Scoop Up 80 Million XRP Amid Price Correction: What’s Next For Ripple?

Since December 17, crypto whales have accumulated a staggering 80 million XRP, signaling heightened interest in the asset during its recent price correction.

With $20.50 million in short positions set to be liquidated if XRP climbs to $2.62, the stakes are higher than ever.

Currently, the $2.20 price level serves as a key support. If XRP manages to stay above it, consolidation may occur before attempting to break the critical $2.70 resistance. However, a dip below $2.20 could push prices toward $1.96, indicating a potential downside.

Here’s why XRP is generating buzz and why the future looks promising for Ripple:

– Ripple Liquidity Hub (RLUSD) Launch: A new innovation aimed at expanding Ripple’s ecosystem.

– Ripple vs. SEC Case Nearing Resolution: Market sentiment remains optimistic as the lengthy legal battle approaches its conclusion.

– Pending XRP ETF Approval: If approved, it could be a game-changer for XRP adoption.

– Altcoin Season Approaching: A favorable market cycle that often benefits XRP and similar tokens.

– Regulatory Changes in the U.S.: SEC Chair Gary Gensler’s potential exit and evolving global crypto regulations could bring clarity and opportunities.

– Pro-Crypto Policies from Trump: Donald Trump’s pro-crypto stance adds to industry optimism as Ripple and other blockchain companies rally behind his inauguration with hefty donations.