The news published by Cointelegraph highlights a technical indicator that may signal a new significant rise in the price of XRP, similar to the 420% increase observed previously.
📊 Whale Flow Indicator
In May, the 90-day moving average of XRP whale flows turned positive, after months of net outflows. Historically, this change preceded a 420% increase in the price of XRP in the fourth quarter of 2024. This pattern suggests that large investors are accumulating XRP, possibly anticipating a future appreciation.
🐋 Accumulation by Large Investors
Recent data shows that the number of wallets holding more than 1 million XRP reached a record of 2,850. Additionally, wallets with more than 10,000 XRP grew by 6.2% over the year, totaling 306,000. This increase indicates confidence from long-term investors in the asset.
⚖️ Legal Process with the SEC
The lawsuit between Ripple and the SEC is still ongoing. On June 26, Judge Analisa Torres denied a request for a summary judgment on a proposed $50 million settlement, stating that private settlements cannot replace the authority of a final court decision.
In summary, the return of positive whale flows and the increase in the number of large XRP holders suggest a possible scenario for appreciation, although regulatory factors continue to influence the market.