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XRP shows resilience with whale accumulation despite ongoing legal battle with SEC

XRP, the cryptocurrency of the Ripple network, has shown signs of recovery towards the weekend, gaining roughly 13% in the past two weeks. Crypto whales have acquired over 52 million XRP in the past three weeks, totalling approximately $22.9 million, suggesting potential resilience and strength for the cryptocurrency.

The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) is eagerly anticipated by the XRP Army and the wider crypto community, with the final resolution likely to occur by July 2023. Ripple has been actively acquiring companies globally, significantly boosting XRP’s liquidity, and analysts predict the cryptocurrency will likely continue exhibiting strength for the next few weeks.

XRP XRP $1.38
-3.9%
XRP
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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.
    Why is XRP price up today?

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