XRP Whale And Shark Address Holdings Hit 3-Month High — Full-Blown Mega Rally To $10 Price Forthcoming? ⋆ ZyCrypto

This period of XRP accumulation coincides with the token’s latest price rally caused by the United States Securities and Exchange Commission (SEC) voluntarily dismissing its lawsuit against Ripple CEO Brad Garlinghouse and chairman Chris Larsen.

The dropped charges mark the third consecutive legal win for Ripple in the lawsuit with the SEC. In July, Judge Analisa Torres ruled that the Wall Street regulator had failed to conclusively prove XRP transactions broke securities laws. The SEC also lost an appeal aiming to reverse that decision in October.

XRP is changing hands at $0.5202 by press time, an increase of 7.2% over the past 48 hours, according to CoinGecko.

Full-Fledged XRP Pump Underway?

It is very obvious that XRP’s so-called whales and sharks are on a targeted mission to help revive the price of the coin and, perhaps, take it to a new record high. Accumulation, particularly continuous accumulation, always precedes a significant price rally, and, as such, XRP whales and sharks may be instrumental in driving the coin’s price higher.

However, the jury’s very much out on when XRP will begin its recovery back to $1. But if this strong accumulation continues, then it’s only a matter of time before the token rises above the elusive $1 mark before eventually reaching $10.