Following Donald Trump’s election victory and his promises to support the digital currency market, speculations about the resolution of the Ripple (XRP) lawsuit have intensified. The rumors gained traction when the SEC withdrew its complaints against companies like Coinbase, Consensys, and Kraken. However, some legal experts believe that the Ripple case, with its four-year history and last year’s fine, is more complex than others. Conversely, some believe the case is closed or will be resolved soon, potentially impacting XRP’s price significantly. Meanwhile, Ripple whales have been very active in recent months, with their actions usually directly affecting digital asset prices. In late February, their extensive selling reduced Ripple’s price to $2. However, analyst Ali Martinez recently observed a significant shift in their strategy. According to him, the whales purchased over 150 million XRP in just two days, leading many to speculate that they are preparing for the closure of a case ongoing since December 2020. At the time of writing, Ripple is trading around $2.37.
