XRP is continuing its streak as it wins Saturday and became the winner over Bitcoin and Ethereum this week. The token increased by 21.61 percent over the last seven days, an indicator of numerous investors. In the meantime, traders think that an SEC action can foment an even greater surge.
It is possible that SEC will vote to dismiss its appeal in the Ripple case shortly. Such a decision would succeed a 2023 one that the sales of the coin to retail clients were not securities. It is predicted that most investors anticipate the new Trump regime to prefer crypto-friendly policies. So, SEC retreat may eliminate a massive legal obstacle towards XRP.
Moreover, the Polymarket data indicates that there is an 88 percent possibility of the XRP-spot ETF approval by December 2025. XRP price continues to increase due to such optimism. Consequently, XRP is being perceived as a leader in the upcoming crypto boom in the market.
Whale accumulation strengthens Ripple’s rally
The accumulation of whales rallies XRP, which generates good confidence in the market. Coin market data presents a record that there are 2,743 whale wallets that contain 47.32 billion tokens. At the same time, the price jumped by 26 per cent with whales grabbing more of it.
This expansion testifies to strong confidence in long-term prospects of XRP. Whales continue to buy despite the end of an 80-week inflow streak in May. This pattern indicates that they anticipate increased prices and a good standing in the market in future.
Furthermore, the good condition of XRP arouses the desire of new interest in large investors. Thus it is a safer, more impulsive choice among a number of traders when there is uncertainty concerning regulation on the horizon. With SEC perhaps giving up its appeal, XRP may gain momentum more and reach bigger institutions.
Since 2020 XRP reputation has been formed as a result of the legal battle that Ripple is engaged with. Nevertheless, with the new developments this token represents a change of direction. Numerous experts forecast that in the nearest future, XRP might become one of the leading digital assets.
In the meantime, Bitcoin and Ethereum are fighting with macroeconomic forces. The position XRP is in presents it with an advantage against its larger competitors. XRP has received new strength and might overhaul the world of cryptocurrencies in 2021.
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