XRP Price Set for Huge Pre-Christmas Rally – Here’s Why

XRP has captured attention in the crypto world for years—whether due to the ongoing Ripple vs. SEC legal battle or its role in transforming cross-border payments for major banks. Many experts argue that the SEC’s crackdown has kept XRP from reaching its full potential. However, with a change in U.S. leadership, some believe XRP is ready for a breakout.

Could it see a major rally before Christmas? Let’s take a closer look.

Whale Activity: A Sign of Confidence?

When whales move millions of tokens, the market takes notice. This week alone, 44 million XRP were transferred in two large transactions. Interestingly, most of this didn’t go to exchanges. Around 25 million XRP left Upbit, and 18.8 million XRP was withdrawn from Binance, both moving to private wallets.

This suggests that large investors are reducing their selling pressure, which is often a sign of confidence in future price increases. It’s like a chess player making strategic moves before the big play—could this signal a rally before the end of the year?

XRP on the Rise

XRP has shown impressive gains recently, climbing 24% this week and 181% over the past month. These aren’t just brief jumps; they represent the strongest growth since April 2021.

Analysts point to a breakout from a symmetrical triangle pattern earlier this month as a signal for more upside. Although the Relative Strength Index (RSI) is high at 85, indicating overbought conditions, this could actually set the stage for explosive price moves.

XRP is now eyeing its next resistance at $1.56, and breaking through that could lead to a run towards $2.76. With Bitcoin and other assets gaining momentum, XRP could benefit from the broader market trend.

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A Shift in Regulation: Could It Help XRP?

Regulation has been one of XRP’s biggest challenges, but things may be looking up. Optimism is growing around Ripple’s ongoing case with the SEC, especially with recent changes in U.S. leadership. The possible resignation of Gary Gensler and the pro-crypto stance from key officials could lead to a more favorable outcome.

XRP has already gained 215% since the post-election buzz, pushing it into the 5th spot by market cap. A positive resolution to the legal case could provide the final push XRP needs to reach its all-time high of $3.84.

What’s Next for XRP?

With whale activity, bullish technicals, and growing optimism about regulatory clarity, the signs point to XRP gearing up for a big move. If it breaks through $1.56, the path to $2.76—or higher—could be wide open.

Keep an eye on whale movements and any updates in Ripple’s legal case. The next few weeks could be crucial for XRP, and with Christmas just around the corner, we might see a major price shift. Stay tuned.