The US Securities and Stock Exchange Commission (SEC) stepped back from the Ripple case, led to great fluctuations in the XRP price. However, some major investors, the purchase of large amounts of XRP before this development, “Did you know before?” brought to mind the question.
XRP whales saved before the case was concluded
Ripple CEO Brad Garlinghouse announced that SEC had given up the appeal. This development leaned from $ 2.56 dollars to $ 2,32 to reach the highest level of a few weeks. However, the rise did not last long and the XRP returned to $ 2.4 levels.
The block chain analysis company Santimement found that certain XRP investors have increased their assets by 6.5 %in the last two months. These investors are at least 1 million XRP holders said that the largest wallet holders. There were already clues that the case would end. The closure of similar lawsuits and the statements of the former White House officials implying that the process ended may have mobilized some investors.
The activity in the Ripple network broke record
The interest in the Ripple network also increased significantly in March. The network activity, which was previously stable on a monthly basis, peaked with the interaction of six times more wallets with the XRP network. This mobility strengthened the possibility that XRP investors may have previously knowledge.
On the other hand, most block chain networks experienced user outputs, while this abnormal mobility in the XRP network drew attention. Great investors may have already accumulated with an expectation that the XRP will be strong from the SEC case.
What’s next for XRP?
Ripple’s victory created great excitement in XRP investors. Many people think that the XRP will reach new summits in the coming period. However, some analysts warn that the price may have ‘Sell-Thhe-News’ (Sell) effect. A similar situation took place with the XRP’s three -digit rise after the US elections. However, despite Trump’s crypto -friendly policies, the XRP could not maintain a long -term rise trend.
Now, it is a matter of curiosity whether the XRP will reach the highest level of all time after the closure of the SEC case. XRP may experience more rise with the HYPE effect, but investors should be careful against possible sales pressure.
