XRP Whales Move 18M Coins, Signaling a Potential Surge to $33 Amid Ripple’s Legal Win
Highlights:
- Over 43 million XRP, worth $63.9 million, moved in two days, indicating potential price shifts.
- Analyst StephIsCrypto forecasts XRP could hit $33.21, driven by adoption and market momentum.
- Ripple’s legal victory against the SEC boosts investor confidence and price potential.
Whale Movements Indicate Market Activity
XRP whales have been highly active, with substantial transfers suggesting significant market moves ahead. On November 28, 18.7 million XRP worth $27.2 million was moved from Binance to an unknown wallet. The day before, 25 million XRP valued at $36.7 million was transferred from Upbit to another undisclosed address.
These large transactions reflect growing whale activity, potentially foreshadowing critical price movements in the near future.
Analyst Predicts $33 Price Target
Crypto analyst StephIsCrypto projects that XRP could experience a major rally, with a potential surge to $33.21. At its current price of $1.43, the analyst considers XRP undervalued. The prediction is underpinned by increasing adoption and strong market momentum, which could lead to a significant breakout.
XRP has already seen a 30% gain over the past week, sparking speculation about its potential to outperform Bitcoin in the current market cycle.
Ripple’s Legal Victory Fuels Optimism
Ripple’s ongoing legal battle with the SEC has taken a positive turn, reducing regulatory uncertainty. A recent California District Court ruling amended a prior judgment, moving the case closer to resolution. This legal progress has bolstered investor sentiment, contributing to XRP’s recent price rally.
Technical Analysis Supports Bullish Outlook
Increased whale activity aligns with bullish technical indicators for XRP. The Relative Strength Index (RSI) stands at 56, signaling rising buying pressure and positive market sentiment. Meanwhile, the Chaikin Money Flow (CMF), though still negative, is trending upward, further pointing to an upcoming bullish breakout.
Dominance and Long-Term Trends
Prominent analyst Egrag Crypto has highlighted XRP’s potential for market dominance growth. The cryptocurrency is battling resistance from a descending trendline dating back to May 2017. If it breaks past this resistance, XRP could enter a “space expansion” phase, significantly boosting its market dominance and price.
Egrag predicts XRP could reach a dominance level above 5.75%, which may trigger a dramatic price rise and a potential market shift. 
Conclusion
Ripple’s legal advancements and robust whale activity suggest XRP is poised for continued growth. With strong technical indicators and increased investor confidence, the cryptocurrency could achieve significant milestones in the coming months, including the ambitious $33 target.
