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Title: XRP (XRP) Price Prediction & Analysis: Massive $380M Whale Move Signals Price Explosion Soon?
As market activity cools off, a recent massive whale move has sparked curiosity and speculation among crypto enthusiasts. On-chain data from Santiment reveals that over 90 million XRP tokens were purchased by large holders within a 72-hour period in early March, a significant accumulation that historically precedes price growth for cryptocurrencies.
However, the legal situation between Ripple Labs and the Securities and Exchange Commission (SEC) remains crucial in determining the asset’s immediate future. The recent ruling by Judge Analisa Torres declaring XRP not to be a security in retail transactions has been appealed by the SEC. Nevertheless, with the new administration indicating a more crypto-friendly regulatory stance, analysts are speculating that the appeal might be dropped by mid-2025, removing a significant barrier to institutional adoption.
Furthermore, the recent announcement of a multi-crypto reserve including Bitcoin, Ethereum, XRP, Solana, and Cardano has sparked speculation about XRP’s expanding role in financial strategies. This development could potentially lead to reduced circulating supply while boosting institutional demand.
In addition to these fundamental factors, technical analysis highlights fluctuations in market sentiment. Liquidation data reveals total liquidations reaching $329.12 million recently, with long positions accounting for just $1.23 million and Binance leading the liquidation volumes at $313.91k of long positions closed.
The combination of whale activity, technical patterns, and improving fundamental outlook suggests that XRP may be poised for upward momentum in the short term. Market participants remain cautious, however, as they wait for a decisive move that will confirm either bullish or bearish sentiment.
As we continue to monitor XRP’s performance, we urge investors to stay tuned for further updates on Ripple’s legal battle and the reserve announcement’s potential implications on XRP’s price movement.
