Ripple's Marker living up to expectations: Speculations on effects on XRP price value.
In the world of cryptocurrencies, XRP continues to witness an impressive surge in interest from whales – these are the folks who hold at least a whopping 10,000 XRP tokens. The latest numbers are eye-popping, with the total number of such wallets now exceeding the 300,000 mark!
Industry experts are thrilled about this trend, reasoning that whale accumulation is as bullish as it gets. The graph below offers a visual confirmation, showcasing how XRP whales went on a buying spree around the US elections. As we know, the political climate in the US can have a substantial impact on domestic crypto businesses like Ripple.
After a brief lull in December, the whales made a triumphant return in early 2025 and haven't looked back since, save for a few minor detours. Data from Glassnode corroborates this, revealing that the number of addresses hoarding over 10,000 XRP has hit an all-time high.
As Amonyx, a popular crypto commentator, highlights, this trend is "insanely bullish," indicating a clear surge of investor enthusiasm. You might recall that back in April, these whales snapped up close to 900,000,000 XRP, which equated to around $2 billion.
With the Ripple legal case seemingly behind them, Ripple is now busy with expansion plans, following the acquisition of Hidden Road and a failed bid to take over Circle. The XRP Army, on the other hand, is hopeful about the approval of a spot ETF, after some positive news on the futures ETF front.
However, the US securities regulator has yet to make a decision on Franklin Templeton's XRP ETF applications, with the new deadline set for mid-June. ETF experts predict that summer 2025 will witness the approval of numerous such financial vehicles tracking the performance of various cryptocurrencies, including XRP.
So, what's the big money's strategy here? They might just be gearing up for some significant moves in the crypto market.
Fun Fact: Ripple's cross-border payment partnerships, like the one with SBI Remit in Japan, continue to highlight XRP's practical applications, aligning with whale activity and real-world use cases.
Important Note: XRP's long-term value depends on its scalability in adoption and regulatory outcomes, as outlined in the overall analysis provided. While whale accumulation is a promising sign, it's crucial to keep an eye on broader market and regulatory factors.
- The surge in whale activity, holding at least 10,000 XRP tokens, is receiving attention in the cryptocurrency world, with the total number of such wallets exceeding 300,000.
- This trend of whale accumulation is considered as bullish by industry experts, as the graph shows a clear buying spree around the US elections.
- In early 2025, after a brief lull, XRP whales resumed their buying streak and continue to hold an all-time high number of addresses with over 10,000 XRP.
- Amonyx, a well-known crypto commentator, finds this trend "insanely bullish," pointing to a surge in investor enthusiasm.
- With the Ripple legal case seemingly resolved, Ripple is now focusing on expansion plans, following the acquisition of Hidden Road and a failed bid to take over Circle.
- Experts predict that summer 2025 will see the approval of numerous ETFs tracking the performance of various cryptocurrencies, including XRP, suggesting the whales are eyeing significant moves in the crypto market.
