Large investors (“whales”) accumulated about 360 million $XRP
in the past week, pushing their total holdings to a multi-month high. This surge comes as Brad Garlinghouse praised new SEC Chair Paul Atkins, calling him “a breath of fresh air” compared to former chair Gary Gensler.
Garlinghouse criticized the SEC’s earlier stance, saying it unfairly targeted crypto, while expressing optimism about a more balanced regulatory approach now. This marks a clear shift from Ripple’s past legal battles with the regulator toward a more cooperative tone.
On-chain data shows steady accumulation by whales, often seen as a bullish signal since large holders typically invest with long-term confidence. Meanwhile, XRP’s price has climbed slightly to around $1.43, tracking the broader crypto market’s gains.
Analysts suggest XRP could test resistance between $1.50 and $1.60 soon, with a possible move toward $1.70 if momentum strengthens. However, if buying pressure weakens, the price may fall back to the $1.30–$1.35 support range.
Overall, improving regulatory sentiment and strong whale activity point to a gradual upward trend, though a major breakout may still take time.
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