Reasons Why XRP Can Make Big Moves Before Christmas

The post Reasons Why XRP Can Make Big Moves Before Christmas appeared first on Coinpedia Fintech News

XRP has been in the spotlight for many years. Sometimes for the Ripple Vs XRP case while the other for helping big banks making cross border payment. Many experts believe the suppression by the SEC has been the reason XRP did not get the attention it deserved. Now with changes in the US administration, XRP can make big moves before Christmas this year. Let’s dive in and understand how this is possible.

XRP Whales Making Moves 

When whales start shifting millions of XRP, people notice. Just this week, nearly 44 million XRP were moved in two large transactions. Here’s the interesting part: most of this wasn’t going to exchanges. Instead, 25 million XRP left Upbit, and another 18.8 million XRP was withdrawn from Binance, heading to private wallets. This suggests that major players are reducing their selling pressure, which often signals confidence in price increases.

This kind of movement isn’t random. Big investors tend to act when they see potential. It’s like a chess game where every move hints at the next big play. Could these transfers mean whales are preparing for a year end rally?

Strong Technicals Back the Buzz

Recently, XRP has started to display its real potential by climbing 24% this week and a massive 181% over the past month. These aren’t just small spikes but the strongest gains since April 2021. Analysts point to a breakout from a symmetrical triangle pattern earlier this month as a signal for even more upside.

The RSI is no doubt high at 85, which usually means the market is overbought. But in crypto, overbought conditions often come before explosive price moves. XRP is now eyeing its next resistance at $1.56, and breaking that could set the stage for a run toward $2.76. With broader market momentum pushing Bitcoin and other assets higher, XRP might be riding the same wave.

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Ripple’s Legal Battle Could Be the Game-Changer

Regulation has been XRP’s Achilles’ heel, but things are looking up. Optimism around Ripple’s ongoing case with the SEC is growing, especially with recent shifts in U.S. leadership. Gary Gensler’s expected resignation and pro-crypto sentiments from key officials could lead to a favorable resolution.

The post-election buzz has already given XRP a huge push—its price has soared 215% since then, propelling it to the 5th spot by market cap. A positive outcome in the legal saga could act as the final spark XRP needs to hit its all-time high of $3.84.

What’s Next?

The signs are there: whale activity, bullish technicals, and optimism around regulatory clarity all suggest XRP could be gearing up for a big move before Christmas. If it breaks through $1.56, the path to $2.76—or higher—might be wide open. Keep an eye on further whale movements and any updates in Ripple’s legal case. The next few weeks could be pivotal for XRP, so stay tuned.