The price of Ripple (XRP) has increased by 10% in the past three weeks, with on-chain data indicating that bullish activity among crypto whales is a significant factor in the price surge. Despite negative social sentiment surrounding XRP, the Ripple community is optimistic about the resolution of the long-standing SEC case in the coming weeks, which could lead to further gains in XRP price. Crypto whales holding 10 million to 1 billion XRP balances have doubled down on their bullish positions this month, adding 290 million XRP coins to their wallets. If they continue to buy in the coming weeks, it is possible that the $0.60 XRP price forecast could be validated. However, if XRP price breaks below $0.45, the bears could negate the bullish narrative.
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Crypto Whales Drive Ripple (XRP) Price Up 10% in Three Weeks, Will $0.5 Price Prediction Be Achieved?
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Why is XRP price up today?
Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
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