Are XRP whales assembling for a win as Ripple president oozes confidence

ambcrypto.com:

For over two years, Ripple [XRP] has been locked in a lawsuit with the SEC, led by Gary Gensler. At several points within this period, rumors have flown around that a judgment was near. Unfortunately, none of these reports eventually passed as reality.

Realistic or not, here’s XRP’s market cap in BTC’s terms

The speculation rose again during this week. Surprisingly, it ushered the XRP price action into gains at a time when major cryptocurrencies were struggling to stay afloat. Regardless of whether it was true, XRP whales ensured that they took positions.

According to Santiment, whale transaction count on the Ripple network hit several highs since 18 March. At press time, there have been 167 transactions in the $100,000 spectrum. It was also a similar case with the $1 million region.

Source: Santiment

In often cases, a situation like this points to increased accumulation. In turn, it could also create a bullish line of argument for the assets involved. However, Ripple Labs president Monica Long has debunked the rumors that a judgment could happen in the next few weeks.

In a recent interview with CNBC, the president said that both parties have submitted their final motion summaries. When asked about the recent XRP price action and its links to the judgment, Long noted that everything else concerning timelines rests with the judge.

However, the former General Manager and Senior Vice President of the firm mentioned that she was confident about the outcome. Based on the interview posted on CNBC’s official YouTube page, Long said,

“We are optimistic about having a positive resolution sometime this year”

Apart from whale involvement, several other metrics have shown preparedness for XRP’s bullish season. A notable one