In May, Ripple whales, holding between 1 million and 10 million XRP accumulated 60 million tokens. This accumulation comes as XRP holders navigate the ongoing developments in the SEC vs. Ripple lawsuit. Notably, XRP has sustained a price of over $0.51 and is poised to test the $0.60 resistance level. Whale accumulation is typically a bullish signal, indicating positive sentiment. Despite recent realized losses, technical indicators like the MACD and RSI suggest potential gains. Additionally, XRP holders are closely monitoring court rulings, which could significantly impact the altcoin’s price trajectory.
