Alright, whales are piling up XRP tokens like it’s the last cannoli at the family dinner.
Santiment shared the number of whale wallets holding at least a million XRP just hit a record 2,743. That’s a whole lotta accumulation, you know.
The market caught fire
Now, these whales are controlling over 47.3 billion XRP tokens. Billions. And guess what? XRP’s price is riding high, hitting about $2.80 after a sharp 10% jump in just 24 hours.
This jump wiped out roughly $31.44 million in XRP short positions btw. Talk about a knockout punch!
But let me take you back just a month. XRP was stuck in a holding pattern, bouncing between $1.90 and $2.90 for nearly 200 days.
Traders were scratching their heads, wondering, where’s this thing headed? Then, bam! The market caught fire.
Bitcoin smashed consecutive all-time highs, $112,000, $116,500, and then $118,780. Ethereum wasn’t sitting still either, climbing over 17% to near $2,960.
Celebration
Santiment says this is the dawn of altcoin season, baby. As long as Bitcoin keeps above the magic $110,000 level, investors are feeling confident enough to move profits into altcoins like XRP. It’s like the boss giving the green light for the whole crew to celebrate.
📈 XRP has pumped to a high of $2.97 today, breaking out to a 4-month high. This is coinciding with a major increase in network growth (new wallets created) & rise in retail interest across social media.
🔗 Track these metrics any time on this chart: https://t.co/pk1BSHPO8G pic.twitter.com/AD8sUSUfu6
— Santiment (@santimentfeed) July 11, 2025
Ripple’s CEO, Brad Garlinghouse, recently dropped a bombshell, the company’s pulling back its cross-appeal against the SEC. The SEC’s expected to drop its appeal too.
This comes after a court denied Ripple’s bid to reduce a $125 million penalty linked to XRP’s institutional sales being classified as securities.
Judge Analisa Torres warned Ripple’s pushing boundaries, so the drama’s not over yet, but this move feels like a step toward calm waters.
Overnight growth?
In the same time, RippleX, Ripple’s tech arm, just rolled out a major upgrade, version 2.5.0 of the XRP Ledger.
Engineer Mayukha Vadari called it possibly the best single lineup of amendments ever.
The update revamps the escrow system, allows third-party tokens, think stablecoins, and introduces multi-purpose tokens for big institutional players.
User activity is booming too. Daily active XRP addresses jumped from 35,000 to over 295,000.
That’s like going from a quiet office lunchroom to a full-blown party overnight. I told you you won’t believe the numbers.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
