XRP Hits $2.39 as Whale Holdings Surge and ETF Approval Buzz Builds Momentum

Sean Williams
Ripple's XRP

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Key Takeaways:

  • XRP hits $2.39, its highest level in 7 weeks, supported by whale accumulation and technical momentum.
  • Ripple’s ETF developments, banking ambitions, and partnerships with BNY Mellon signal rising institutional interest.
  • Strong retail activity in Asia and regulatory wins in the U.S. are cementing XRP’s growing global appeal.

XRP has reclaimed bullish ground, climbing to a 7-week high of $2.39 amid growing whale accumulation, ETF optimism, and Ripple’s push toward institutional adoption. The price movement follows a flurry of strategic on-chain and regulatory developments that signal mounting investor confidence in XRP’s future.

Ripple Whales Accumulate 47.32 Billion XRP

According to Santiment, 2,742 wallets now hold more than 1 million XRP each, nearing an all-time record. In total, Ripple whales have amassed over 47.32 billion XRP, a sign of long-term confidence among high-net-worth holders. Notable transactions include a transfer of 25.5 million XRP to Coinbase and a massive 200 million XRP transaction from Ripple to an unidentified wallet, sparking speculation of major institutional repositioning.

Source: Santiment; XRP Price analysis

These whale movements come as XRP inches toward a breakout zone between $2.40 and $2.50, supported by strengthening technical indicators and broader market momentum.

XRP ETF Buzz and Asian Market Demand Fuel Momentum

One of the most promising catalysts for XRP’s current rally is the listing of the ProShares XRP ETF on the DTCC platform, a strong precursor to formal approval on U.S. exchanges. If approved, the ETF could attract institutional capital and drive new demand for XRP.

Simultaneously, XRP has become the most traded crypto on South Korea’s Upbit exchange, reflecting growing retail interest in the Asian market. This surge in trading activity is helping XRP maintain its upward trajectory and challenge key resistance levels.

Ripple’s Institutional Expansion and Regulatory Progress

Ripple’s recent moves signal deeper integration into traditional finance. The company appointed BNY Mellon to safeguard reserves for its RLUSD stablecoin, which has grown to over $500 million in supply. Ripple is also seeking a U.S. banking license, a step that could further bridge the gap between crypto and legacy financial systems.

Meanwhile, Ripple CEO Brad Garlinghouse testified before the U.S. Senate Banking Committee, underscoring XRP’s regulatory traction following last year’s legal win over the SEC.

Also Read: Crypto Week 2025: Bitcoin, Ethereum, and XRP Surge Ahead of Key U.S. Regulatory Bills

Technically, XRP has posted a strong monthly performance, rising over 10% and pushing above both its 26-day and 50-day moving averages. A prominent crypto analyst identified a “god candle” pattern on the chart, signaling potential for a sharp breakout. With the RSI sitting at a healthy mid-60s level, XRP retains room to run without being overbought.

If XRP breaches resistance between $2.40 and $2.50, the path to $3 could open quickly—especially if ETF approval or additional whale activity materializes.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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