XRP has become the talk of the crypto world after surging to its highest level in seven weeks. The rally is being fuelled by a wave of whale activity, significant on-chain metrics, and growing institutional developments. As market watchers turn their eyes to XRP’s potential, signs are emerging that this could be more than just a short-term spike.
Whales Accumulate Billions in XRP Holdings
According to on-chain analytics firm Santiment, XRP surged to $2.39 on July 10, 2025—its highest price since May 23. Notably, 2,743 addresses now hold more than 1 million XRP each, signalling a steep rise in large-scale investors. These whale wallets collectively control over 47.3 billion XRP, suggesting deep confidence in the asset’s future.
Adding to the speculation, a 25.5 million XRP transfer—worth approximately $60 million—was sent from an unidentified wallet to Coinbase. Even more remarkably, Whale Alert reported a 200 million XRP transaction from Ripple to an unknown address, valued at around $477 million. These figures reflect heightened strategic movements, likely in anticipation of upcoming institutional shifts.
Technical Strength Meets Global Demand
XRP’s latest price action coincides with robust technical indicators. The asset closed its strongest quarterly performance in history and currently ranks as the most traded token on South Korea’s largest exchange, Upbit. This retail-driven volume—particularly from Asia—points to a reinvigorated global interest in XRP.
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The possibility of a ProShares XRP ETF hitting the U.S. market is also on the horizon. The fund’s appearance on the DTCC platform suggests regulatory progress and has bolstered hopes of attracting institutional capital. Should approval be granted, it would open the door for massive fund inflows and legitimise XRP as a mainstream investment vehicle.
Ripple Expands Traditional Finance Integration
Meanwhile, Ripple continues its mission to bridge traditional finance with blockchain. The company has partnered with BNY Mellon to manage reserves for its RLUSD stablecoin. The move has already pushed RLUSD’s supply past $500 million, showcasing tangible traction. Moreover, Ripple’s application for a national bank charter underscores its long-term vision of embedding crypto solutions into regulated financial ecosystems.
Outlook: Momentum with Meaning
With a blend of whale accumulation, bullish technicals, and macro-level advancements, XRP appears well-positioned for further growth. Still, investors should remain cautious of volatility and regulatory dynamics.
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Sources:
- Santiment (On-chain analytics)
- Whale Alert (Blockchain tracking)
- CoinDesk (https://www.coindesk.com)
- Bloomberg (https://www.bloomberg.com)
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