XRP's whale flows turned positive in May, indicating renewed interest among large investors and hinting at a potential price rally. Wallets owning over 1 million XRP have reached an all-time high of 2,850, and mid-tier wallets increased by 6.2% year-to-date, demonstrating strong long-term holder confidence despite recent price stagnation. Following a notable 420% price breakout in Q4 after similar whale flow trends, the current upward movement could lead to new highs. XRP’s ongoing legal issues with the SEC, however, persist, as highlighted by a recent court ruling that reinforces the authority of the court's final judgment. This vague legal backdrop continues to influence market sentiment. Despite a decline in trading volumes on Binance, a surge in sentiment toward XRP reflects investor optimism about its future potential, especially if the ongoing SEC case is resolved favorably.

Source 🔗