XRP, the native token of Ripple’s cross-border payment platform, has seen significant price surges in recent weeks. Whales have accumulated a large volume of XRP tokens, with institutional investors also showing interest in the altcoin.
According to data from crypto intelligence tracker Santiment, whales holding between 1 million and 10 million XRP tokens added 260 million XRP tokens in the past 30 days. Whale wallets holding between 100,000 and 1 million XRP scooped up an additional 10 million XRP, while lower-category whales with 1,000 to 100,000 XRP added over 100 million XRP tokens.
Institutional interest is also evident, with XRP funds attracting $11 million in weekly inflows from institutions last week. This is the second-highest amount among other altcoins, following Ethereum.
Ripple’s initiatives, such as its proposal to accelerate crypto regulation through a UK regulator submission, have fueled positive sentiment among market participants. The firm’s partnerships and stablecoin adoption also boost demand for XRP.
The SEC v. Ripple lawsuit is expected to end in August 2025, which could further boost Ripple’s partnerships and the demand for its XRPLedger blockchain. A return to the 2025 peak of $3.40 is expected once XRP ends consolidation, potentially driving further value and gains for holders.
In Canada, the launch of a new XRP ETF by Purpose Investments marks an important milestone in crypto regulation and access to investment products.
Source: https://crypto.news/ripple-and-xrp-shock-traders-with-whale-demand-whats-next