XRP Price Prediction as $1 Billion Trading Volume Rushes In Before Lawsuit Conclusion – Are Whales Buying?

cryptonews.com:

The XRP price has risen by 3.5% in the past 24 hours, reaching $0.473395 as the cryptocurrency market as a whole gains by 4%.

XRP's current price means that the altcoin has dropped by 10% in a week but is up by 5% in a month and by 39% since the start of the year, with its 24-hour trading volume now rising back above $1 billion in a sign that more volatility is coming.

Available transfer data suggests that some whales have been moving XRP off exchanges, potentially in a sign that the market expects the Ripple-SEC case to end soon, bringing with it a positive conclusion for Ripple.

And if it does bring a positive outcome, XRP could rise very strongly, potentially having the biggest rally of any top-100 coin this year.

XRP's chart finds the altcoin in a fairly strong position, insofar as its two main indicators are rising steadily, while its support level (green) also continues to rise.

For example, XRP's relative strength index (purple) has begun rising up towards 50 again, signalling that it's beginning to recover some of its lost buying momentum.

Much the same goes for its 30-day moving average (yellow), which after slowing down a week ago has resumed rising further beyond its 200-day average (blue), in a show of strength.

These two indicators point to further gains in the near term, with the market increasingly expecting not only an imminent decision in the Ripple-SEC case, but also a favorable one.

Such expectations have been fuelled in recent days by the news that Ripple transferred nearly $23 million in XRP to an unknown wallet, with some observers suggesting that this could be in preparation for paying a settlement penalty with the SEC.

At the same time, many whales are transferring XRP away from exchanges, in a sign that