XRP Whales on the Decline Despite SEC Case Win – Can XRP Still Hit $3?

Ripple recently announced an emphatic triumph as the SEC dropped the years-long case against XRP. While a rally was expected for XRP right after, an interesting development has occurred. XRP whales, holding more than 1 million XRP tokens, have been exiting the market. This has left investors surprised since many expected the news to renew confidence in XRP.

SEC Case Caused Large Investors to Leave XRP

The SEC case against Ripple began in December 2020, when the regulatory authority accused the company of selling unregistered XRP securities. The case caused the XRP price to underperform for years. However, a few days ago, in March 2025, the SEC case ended as they formally dropped all remaining claims against Ripple. This development came after previous court decisions that disproved the SEC’s claims. The decision was a significant victory for XRP and the cryptocurrency community. This sentiment raised expectations of an XRP bull run. 

Despite the positive outcome of the case, XRP whales have been migrating to other assets. Blockchain tracking services have revealed that the number of wallets holding more than 1 million XRP has been on a steady decline. This update comes days after Ripple’s victory, raising questions about why large investors are exiting the market instead of taking advantage of the breakthrough. 

Lack of Reassurance Shakes Investor Confidence 

This mixup is being linked to several developments that have shaken up investor confidence in the past few weeks. These include Donald Trump’s announcement of reciprocal and additional sector-specific tariffs. Also, the buzz around the Federal Reserve’s uncertain standing on tariffs and interest rates has led to market uncertainty. Also, the ECB’s comments on how US policies may bring about a global financial catastrophe have further stirred up market sentiment. Given the conditions, XRP whales may be hedging their funds, hoping to ride out what some are dubbing ‘an incoming market storm’

XRP Price Analysis of 24 Hours: XRP Victory Shines Bright In Court, Charts Tell A Different Story 

When the news of the SEC dropping the XRP case came out, investors carried bullish sentiments, and a huge rally was expected for XRP. Appropriately, A massive spike was seen yesterday. But, the bullish trend seems to have lost some steam already, as the XRP price has not been able to maintain support levels. A slow downtrend was observed. 

Chart 1: analyzed by raodevansh18, published on TradingView, March 21, 2025

XRP started the previous day, maintaining close to the $2.59 resistance formed after the spike. A sizable downtrend occurred as XRP was brought down to $2.43. Consequently, XRP made several efforts to get back up but was stopped in its tracks by the $2.53 resistance. After its third attempt at 14:15 UTC, XRP eventually experienced a downturn, leading it to find support at $2.386. As the price appreciated a little, a trading range formed. While an upward breakout was anticipated, the buying pressure could not take it far. Another downtrend led XRP back to the $2.38 base. XRP continued to launch off, but the buying trend has not been able to support the upward movement. 

XRP Hype Losing Steam: XRP Price Prediction 

While the buzz did drive XRP price temporarily, the loss of whale activity has led to a significant reduction in the magnitude of buying pressure. Due to this, XRP has not been able to sustain any positive movement. Within a day, XRP has gone down by around 4%, and there aren’t any positive signs on the indicators for now. For today, XRP looks poised to breach through the support and spend some time in the $2.30 range.