Whales Reignite XRP’s Momentum Amid Rumors of an Imminent ETF and Legal Battles with the SEC

Ripple and its crypto, XRP, have recently left part of their community in the lurch. Investors, hoping for quick profits, saw their expectations thwarted

Investors hoping for quick profits from XRP may have been disappointed by the capricious market. However, a notable category of investors, known as "whales," have been massively accumulating XRP.

Amid rumors of an imminent exchange-traded fund (ETF) and legal battles with the Securities and Exchange Commission (SEC), XRP appears poised for a potential comeback to its previous peaks.

According to the Santiment platform, the heaviest wallets in the market, containing between 1 and 10 million XRP, have been "gorging themselves" with tokens.

Since November 2024, these whales have acquired 1.43 billion tokens, an increase of 37.4%. This accumulation amounts to roughly $3.8 billion.

With a limited order market (18 million XRP for sale between $2.70 and $2.90, compared to 40 million previously), XRP may be attracting attention among those seeking to avoid missing out (FOMO).

"All it takes is for this buying frenzy to continue to breach the $3 mark," said Dom, an analyst at FreshForex CC.

As XRP's price continues to be a subject of discussion, legal matters also continue to unfold.

The SEC, having lost a round in 2023, may not have exhausted its options. Yet, the political context appears to favor crypto.

"Even if the SEC appeals, the pro-crypto environment may sway in favor of XRP," said Sean Dawson, an analyst at Derive.

Meanwhile, investors are speculating on a potential spot ETF, which could elevate XRP to the status of a rising star among altcoins, akin to Bitcoin.

Crucially, regulatory approval or hindrance will ultimately determine whether Ripple's crypto will ascend or be impeded.

As early as January, five indicators seemed to suggest an impending surge for XRP. Now, with the movements of the whales and expert forecasts, this trend may be set to define 2025. XRP's trajectory remains a subject of close observation.