Analysts believe that XRP is breaking out of the descending parallel channel it has been in since early November, suggesting a potential rise to $0.65 or $0.66 in in the near future. At the same time, there is a surge in whale activity in the XRP register, which can be perceived as a signal of a major price movement. Crypto analyst Ali Martinez noted that wealthy investors have accumulated 11 million XRP over the past week, worth more than $6 million. As a result, the total XRP wealth of these large players is superior to There are 10.45 billion tokens in stock, which is 10.5% of the total XRP supply. Now investors are closely watching the development of the SEC case. The SEC's pending appeal against the court's decision on program sales introduces uncertainty into the future trajectory of the asset price. We note that the SEC and Ripple are conducting active negotiations to resolve the issue of selling XRP to institutional investors. The outcome of these negotiations could significantly affect investor interest in XRP. Source: CoinGecko Review of XRP technical indicators hints at bullish sentiment. One-day indicators on TradingView show "buy" sentiment at level 14, moving averages indicate "strong buy" at level 12, and oscillators are classified as "neutral" e" at level 8.
