XRP Whales May Decide Token's Next Move Amid Regulatory Uncertainty

XRP's price has been volatile in recent weeks, experiencing a sharp 70% rally in August followed by a major drop after the CLARITY Act stalled in the US Senate.

Despite this setback, on-chain data suggests that whale activity is picking up ahead of the next move, which could be crucial for XRP's recovery. According to Santiment, 85 new wallets holding at least 1 million XRP appeared just two days before the August 17-21 surge.

Ripple has also been expanding its offerings, including an RLUSD credit fund and GSmart AI tool for enterprise finance teams. However, the regulatory environment remains uncertain, with XRP being particularly sensitive to news from Washington.

ChatGPT AI Predicts that XRP's next move may depend on what its largest holders do next. If the whales' numbers stay high, XRP has a solid chance of defending support despite the regulatory setback.