Are XRP whales preparing for the end of the lawsuit with the U.S. Securities and Exchange Commission?
Speculation has increased regarding the impending conclusion of the lawsuit between Ripple and the U.S. Securities and Exchange Commission, especially after Donald Trump's victory in the elections and the dismissal of the former chairman of the commission, Gary Gensler.
These expectations were bolstered by the commission's decisions to drop cases against major companies like Coinbase, ConsenSys, and Kraken, leading some lawyers to question the possibility of settling the case in favor of Ripple.
Despite the complexity of the lawsuit, which has lasted for four years, and the penalty imposed on Ripple last year, some experts believe the case may be nearing closure.
If this happens, it could significantly impact the price of XRP, which has already risen by more than 10% with recent political and regulatory developments.
Whales have shown notable activity over the past few months, as they liquidated part of their holdings in February, causing the price to drop to $2.
However, analyst Ali Martinez recently pointed to a significant shift in the whales' strategy, as this group of investors bought over 150 million XRP in just two days, raising questions about whether they are preparing for the conclusion of the case that has been pending since December 2020.