XRP Price Prediction amid MAJOR XRP News Today - What to Expect?

Ripple (XRP) is back to the top trending cryptocurrencies with its price dynamics following the major XRP news today involving whale activity, and Ripple SEC lawsuit updates. As XRP price is trading at $1.43 -marking an 8% increase in the past 24 hours- what to expect when it comes to an XRP price prediction amid this XRP news today?

By CoinMarketCap - Top Trending Cryptocurrencies Today

1- XRP News Today

XRP Whale Accumulation

Recent data reveals significant whale activity in XRP, with investors holding between 1 million and 10 million XRP accumulating an additional 50 million tokens in just two days. This brings their collective holdings to approximately 4.29 billion XRP, valued at around $6 billion.

Angel investor, Armando Pantoja (@_TallGuyTycoon) highlighted this accumulation as a strategic move, speculating that these whales “know something.” Historical trends support this hypothesis, as prior whale-buying sprees preceded massive price surges, such as the November rally that pushed XRP to $1.62.

Whales' actions suggest confidence in XRP’s long-term potential, even as prices recently dipped to $1.29. These movements align with technical patterns that analysts believe signal an impending breakout.

By TradingView - XRPUSD_2024-11-27 (1D)

Ripple SEC Lawsuit Updates

Ripple SEC lawsuit updates remain a significant factor influencing XRP price prediction. In the latest XRP news today, the former CFTC Chairman Chris Giancarlo predicts the SEC may drop its case following leadership changes under the Trump administration.

The trial court’s ruling earlier this year determined that XRP itself is not a security, although institutional sales were classified as such. Both Ripple and the SEC have filed appeals, with the SEC’s appeal brief scheduled for January 2025.

Should the SEC appoint a pro-crypto chairperson, as speculated, the case could end in dismissal or settlement. Legal clarity would likely have a bullish impact on XRP, as it removes a major overhang for the asset.

2- XRP Price Prediction: What to Expect?

Is XRP Price Consolidating?

The recent XRP price movements reflect both challenges and opportunities:

• The MACD shows decreasing bullish momentum, indicating caution near resistance levels.
• The RSI remains neutral, suggesting potential for both upward and downward movements.
• XRP Whale activity and bullish technical patterns point to a favorable long-term outlook.

By TradingView - XRPUSD_2024-11-27 (1M)

With XRP price consolidating at $1.43 and maintaining strong support levels, market analysts anticipate an XRP potential breakout toward $1.62 and beyond. Combined with the Ripple-SEC lawsuit updates and robust XRP whale accumulation, the trajectory of the XRP price remains one to watch closely.

What is XRP Potential Breakout?

As the current XRP price consolidating between $1.30 and $1.45 seems to push the chances of an XRP potential breakout, it seems supported by technical indicators:

• Support Levels: $1.30 and $1.32 provide a solid cushion, with additional support at $1.28.
• Resistance Levels: Immediate resistance lies at $1.45, with major levels at $1.55 and $1.62.

Analysts note the formation of a symmetrical triangle, a pattern often preceding explosive price moves. Crypto Scofield, a leading analyst, suggests that XRP price is nearing a breakout point, supported by candlestick patterns like the dragonfly doji.

By TradingView - XRPUSD_2024-11-27 (YTD)

Meanwhile, long-term wave analysis by @ChartingGuy projects XRP reaching $3.80–$4.20 in wave 5 of 3. Following a macro wave 4 correction, XRP could eventually hit $8–$13 by 2025.