Date: Mon, Nov 25, 2024, 05:36 AM GMTThe cryptocurrency market starts this week with a bullish tone, particularly among altcoins, as Bitcoin dominance slips slightly by 0.12%. XRP continues to capture investor attention, rallying an impressive &#43;186% in the past 30 days.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ca3f6c6daa204041a474395598f00039.png" />Source: CoinmarketcapThis surge follows the surprising resignation <a href="https://coinsprobe.com/xrp-jumps-following-sec-chair-gary-genslers-resignation-announcement/" rel="noopener noreferrer nofollow">announcement </a>of Gary Gensler from the SEC, which has reinvigorated optimism for XRP’s long-standing legal battle. Currently, XRP is trading at $1.47, boasting a market cap of $83 billion.<h3 id="strong-xrp-whales-accumulate-over-50m-tokens-over-the-weekend-strong">XRP Whales Accumulate Over 50M Tokens Over the Weekend</h3>As XRP’s momentum remains strong, whale activity has intensified. Over the weekend, large investors accumulated over 50 million XRP tokens, as highlighted by crypto analyst <a href="https://x.com/ali_charts/status/1860903488747901253" rel="noopener noreferrer nofollow">&#64;ali_charts</a>. This significant accumulation aligns with growing optimism that Ripple may soon resolve its legal issues with the SEC, driving institutional and retail interest in XRP.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/467038783347409691eaac01d0af13d9.jpeg" />Source: &#64;ali_charts (X)Whale accumulation typically indicates confidence in further price gains, as large holders strategically build their positions.<h3 id="strong-what-the-chart-indicates-strong">What the Chart Indicates:</h3>Analyzing the 4-hour XRP/USDT chart, XRP is currently consolidating after a parabolic rally. A clear descending triangle pattern is visible, which often signals the potential for a bullish breakout.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/c16a7a1dedf14fd1987e12ff2630a510.png" />A breakout above the descending upper trendline of the triangle could send XRP toward $1.63, an 11% upside from current levels. Should buying pressure persist, particularly from whale activity, the next targets could extend between $1.60 and $1.75 in the coming sessions.Indicators also support this bullish outlook. The MACD is showing a positive crossover, and the Stochastic RSI suggests a recovery from oversold conditions, hinting at increasing buying pressure.<h3 id="will-it-push-prices-higher">Will It Push Prices Higher?</h3>With over 50 million XRP accumulated by whales over the weekend and bullish signals flashing on the charts, XRP&#39;s breakout potential looks promising. If the price closes above the trendline, it could ignite a rally toward $1.63 and beyond, attracting additional momentum traders. As the legal battle with the SEC edges closer to resolution, market sentiment remains optimistic.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read:<a href="https://coinsprobe.com/ldo-and-core-approach-key-resistance-levels-are-breakouts-on-the-horizon/" rel="noopener noreferrer nofollow"> LDO and CORE Approach Key Resistance Levels: Are Breakouts on the Horizon?</a>

XRP Whales Accumulate Over 50M Tokens Over the Weekend: Will It Push Price Higher?

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