2.2 Billion XRP In Two Weeks. Here’s What Happened

Key Points

1. XRP's price surged to $3.26, with a 10.83% gain in 24 hours and a 33.91% increase over the past week, fueled by large accumulations of 2.2 billion XRP by whales in two weeks.

2. Wallets holding 100 million to 1 billion XRP increased their balances from 7.6 billion to 9.8 billion XRP in July, indicating strong institutional and high-net-worth investor interest.

3. XRP's technical indicators show a breakout from a symmetrical triangle pattern and a bullish golden cross, suggesting potential for further gains if it closes above $3.30.

4. Open interest in XRP perpetual futures surged to $9.25 billion, nearly triple April levels, and the launch of the ProShares Ultra XRP ETF (UXPR) is expanding access for traditional investors.

5. Ecosystem growth includes partnerships like the Dubai Land Department for real estate tokenization and regulatory progress in the U.S., supporting XRP's long-term value.