.The price of the Ripple currency rose today by 2% to reach $0.5129, in light of a general rise in the crypto markets by 3.5% in the last 24 hours. The price movements of Ripple come amid the tendency of major traders (whales) to bet on the price rising, as a percentage Bullish to bearish trades in the futures markets this week via the OKX platform are at their highest levels during the month, and this increase could help improve the chances of the price of Ripple rising after its notable poor performance recently (it recorded a weekly rise of 4% and a decline Monthly at a rate of 10%), but with the likelihood that Ripple’s legal dispute with the Securities and Exchange Commission (SEC) will end this year and the possibility of the start of a bull market, the price of Ripple currency could resume its strong rise soon.
. Ripple price expectations, with whales betting on its rise despite its weak performance. Is there a huge price jump on the horizon?
. The Ripple price chart continues to express poor performance, as all its technical indicators indicate that it is going through an oversold state and a lack of momentum, as the 30-day moving average indicator (SMA-30) exceeded its 200-day counterpart (SMA-200) a week ago, continuing its downward path. Which seems to be about to be reversed.
. Ripple/USD price chart On the other hand, the Relative Strength Index (RSI) rose from 30 to 40, but at the beginning of the day it is facing difficulty in achieving further rise.
. Ripple's trading volume is not currently considered very low, as it is close to $900 million today, but it is still far from the highest levels recorded in January (which amounted to about $2 billion). On the other hand, it seems that whales are slowly regaining their interest in Ripple, as OKX platform data shows an increase in the ratio of bullish to bearish trades in the futures markets, suggesting the possibility of a rise in the price of Ripple again.
. In other words, major traders currently prefer to buy Ripple currency more than sell it, which indicates that they are anticipating a price rebound or imminent upward movements, perhaps in anticipation of the outcome of the legal dispute between Ripple and the SEC, as experts expect the two parties to reach a final settlement by the summer. It can be said that this settlement has come a little closer this week after a court order was issued to Ripple to provide financial statements and other documents that can be used to estimate an appropriate financial penalty, the size of which we will not know until it is approved, but this settlement will help the company overcome its prolonged dispute and restore the price of the Ripple currency. His lost height.
