XRP Whales Are Positioning Themselves Ahead of Key ETF Ruling. Here’s The Latest
2025-07-11 00:04:40
Main Idea
XRP whales are accumulating large amounts of the cryptocurrency ahead of key ETF rulings and legal developments, signaling long-term confidence in the asset.
Key Points
1. Over 2,700 wallets now hold more than 47 billion XRP, nearing an all-time high, as the price reaches $2.49, a 4.18% increase in 24 hours.
2. Several XRP-related ETF applications are under SEC review, with the first decision expected on July 14 for ProShares' futures-based funds.
3. Turtle Capital and Volatility Shares plan to launch leveraged and futures-based XRP funds in July, pending regulatory approval.
4. More than ten spot XRP ETF applications are also under SEC review, with final decisions expected in October.
5. The ongoing Ripple vs. SEC legal case could further influence XRP's market confidence and price trajectory.
Description
Over 2,700 wallets now hold more than 47 billion XRP as the asset reaches its highest price in over seven weeks. XRP is currently trading at $2.49 , reflecting a 4.18% increase in the past 24 hours and a 9.95% gain over the past week. With a market capitalization of approximately $143.84 billion, XRP remains the fourth-largest cryptocurrency in the market. Whale Activity Signals Long-Term Confidence Recent on-chain data from Santiment shows that 2,742 wallets now hold at least one million XRP ea...
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