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XRP whales are back in the game, and you won’t believe the numbers

XRP whales are back in the game, and you won’t believe the numbers

KriptoworldKriptoworld2025/07/10 16:00
By:by kriptoworld

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:

— 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.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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