**XRP's Rollercoaster Ride: What's Next?**
XRP recently surged past the $1 mark, reaching a three-year high of $1.26 on Nov. 16, fueled by optimism over regulatory clarity and Ripple's legal battle with the SEC. However, the price has since pulled back, sparking debate on whether $1.26 was the peak for now.
- Whale Alert data shows significant XRP inflows to exchanges, suggesting profit-taking by large holders.
- Retail traders have also been selling, while whales and sharks are accumulating, hinting at future bullish potential.
- Over $12.6 million in XRP derivatives were liquidated on Nov. 17, mostly long positions.
- Despite overbought signals, some traders see potential for further gains, with predictions of $15-$20 in the future.