Ripple's victory in the SEC case led to a 15% increase in XRP price, reaching above $2.50, yet significant whale buying activity remains absent.
XRP Price Surge and Its Causes
Following the conclusion of the SEC lawsuit, XRP’s price rose by 15% and is now above $2.50. However, data reveals that substantial whale buying has not occurred to support this increase.
Why Large Investors Are Holding Back
The market might have already factored in the lawsuit's outcome, as anticipation of a positive resolution was high. Furthermore, investors who bought at lower levels could be selling into the pump rather than accumulating more.
Risks for Traders Without Whale Support
The absence of whale participation creates potential for volatility. Price moves driven by leverage can cause liquidations if the trend reverses sharply.
The rapid rise in XRP’s price without significant whale support may lead to instability. Traders should monitor the high open interest level to avoid potential losses.
