XRP Confidence Grows—Whales Accumulate After SEC Drops Ripple Case

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• XRP whales have accumulated 5.81 billion XRP worth around $14 billion in the past two months.
• The SEC has officially ended its lawsuit against Ripple, marking a significant victory for the crypto industry.

Despite general market uncertainties, large XRP holders continued to add to their positions in the past two months. Holdings between 1 million and 10 million XRP grew by 10% to stand at 5.81 billion XRP worth approximately $14 billion.

The trend shows growing trust in XRP’s long-term future. However, those with between 10 million and 100 million XRP have been showing mixed activity with both accumulation and distribution.

XRP Ledger network activity has also increased dramatically, with daily active addresses growing by more than 400% since March.

Dormant circulation for XRP has declined, which means that long-term holders are holding on to coins rather than selling them. This is an indicator that a large pool of investors is waiting for a near-term price increase.

Bold Projection Places XRP Peak Between $9 and $10

XRP is currently trading near $2.37, with major support and resistance levels closely monitored by market analysts. If XRP maintains this formation, there are expectations of a move from $2.65 to $2.70. Holding above $2.40 is considered crucial to sustain the bullish trend.

XRP has been showing a systematic trend pattern in line with past market behavior. Recently, the asset hit a key Fibonacci retracement level without losing its channel pattern. This is typical of a normal Wave 4 pattern in Elliott Wave theory that is usually followed by a strong breakout.

If this trend is continued, XRP can move to the $2.65 to $2.70 region, a major resistance region that has to be flipped to support for further gains.

Above this juncture, analysts identify $3.40 as the next major target. This would be a significant milestone and would mark a return to levels of past bull cycles.

If this bullish trend is sustained, estimates climb even higher, with some forecasting a move to $5 to $6 through Fibonacci extensions.

Even a highly ambitious prediction places XRP’s potential peak around $9 and $10 based on market conditions. Such a rise would presumably depend on increased adoption rates, institutionally driven demand, and overall market sentiment.

For now, the major focus is on breaking resistance at $2.70, which would open the way for the subsequent leg of XRP’s rally. There are still risks on the downside.

If XRP fails to move past $2.45 in the short term, there is a possible retest of support around $2.36 or even lower. However, as long as it is above $2.25, the trend remains bullish.

Now that legal ambiguity around Ripple has been dispelled, it is believed that XRP is poised for ongoing expansion. Removal of legal obstacles may open doors for greater institutional investment, and this can fuel higher prices in months ahead.

SEC Ends Legal Battle Against Ripple

The biggest news for XRP is that the U.S. Securities and Exchange Commission (SEC) has withdrawn its case against it. This brings to a close a four-year legal battle that has hung over XRP’s price and adoption.

Today, CEO @bgarlinghouse announced that the SEC will abandon its appeal against Ripple.

Full remarks from Brad: https://t.co/kWZwrgfzv1

— Ripple (@Ripple) March 19, 2025

According to our previous report, the move was called a major victory for the entire crypto community by Ripple CEO Brad Garlinghouse. The suit that was filed in 2020 accused Ripple of selling XRP as an unregistered security. Over time, the case was employed to draw attention to greater arguments regarding cryptocurrency regulation.

The SEC dropping its appeal has cleared XRP of legal uncertainty and paved the way to increased adoption and institutional investment.

Several of the industry’s top leaders see this as a landmark moment for cryptocurrency regulation in America. Ripple is now positioning itself for greater expansion with a focus on providing more payment products and financial services based on blockchain.

The outcome of this case can also serve as a precedent for other cryptocurrencies. If Ripple’s legal framework is established as a precedent, it can provide clarity to other blockchain projects that are under regulatory scrutiny.