XRP Whales Go Missing, But Analysts Set Sights On Double-Digit Targets

• XRP surged over 12% after the SEC win but quickly dropped below $2.50.
• Whale activity has been quiet, with no major buying or selling recently.
• Experts suggest it’s not the time to sell, expecting a potential big move.

XRP experienced a big jump on March 19, surging more than 12% after Ripple CEO Brad Garlinghouse announced that the U.S. SEC had dropped its appeal against the company – definitely a moment XRP fans were waiting for. 

But just as quickly as it rose, the price fell back down the next day, leaving XRP stuck below $2.50. 

SEC Appeal Gone: Time to Cash Out on XRP?

Over the past week, whale activity for XRP has been quiet , with no major buying or selling. But some experts say now isn’t the time to sell. They believe this could be the calm before a big move, and selling now might be a mistake. 

Analyst Vandell is betting on a strong rebound for XRP. He’s convinced the token won’t just recover, but will soar into the double digits this year. 

According to him, while some have called the current market a “bear” market and others speculate that a bull run may be over, the truth is we’re still in the middle of a bull market. He believes the crypto market works in cycles, often called the “four-year cycle,” and it’s not over yet.

Could XRP Really Surge to $10?

Even with some talk about the four-year cycle ending, Vandell thinks the underlying factors for the market are still strong. He explains that global liquidity and debt markets play an important role in driving crypto, especially Bitcoin and XRP. 

Historically, when liquidity expands, cryptocurrencies tend to rise, and when liquidity contracts, they crash. This pattern has remained consistent for nearly a decade, and the analyst said that XRP might follow that same trajectory.

Related: Ripple’s SEC Victory: Appeal Dropped, But SEC Silence Leaves “Officially Over?” Question Hanging

XRP Price Analysis

Right now, XRP’s price is moving sideways, and while we haven’t seen a clear breakout yet, some are still expecting higher prices. 

The key support level to watch is around $2.20. As long as the price stays above this level, an upward move is expected. 

Source: MoreCryptoOnline

Related: Ripple CTO Fires Back at IMF’s Claim, Insists XRP Doesn’t Qualify as a Security

However, there’s also a chance we could see another dip before any big upward move. The $1.90 support level is a key one. If the price falls below that, the focus would likely shift to $1.77, and maybe even down to $1.20. As of right now, XRP is down by more than 1% and is trading at $2.44.