XRP Market Cap Jumps to $171B, Tops USDT as Whales Buy $1B
XRP has surged over the past five days, pushing its market cap to $171.3 billion and reclaiming third place ahead of stablecoin USDT. The altcoin trades at $2.88, up 1.6% on the day, with daily trading volume rising 4%. Significant whale accumulation—nearly $1 billion in the past 48 hours—has driven XRP’s rally, alongside outflows from centralized exchanges. Analysts highlight key technical levels: defending support at $2.70 is crucial to avoid retail panic, while a break above $2.90 could open a path to $3.00 and potentially $3.72, where profit-taking may intensify. Institutional interest is also mounting, with spot XRP ETPs showing robust demand. CoinShares reports $134 million in net inflows into XRP products over the last week, bringing year-to-date total to $1.3 billion. Traders will watch for potential US spot ETF approvals, which could further bolster XRP. Overall, whale buying pressure and growing institutional inflows underpin a bullish outlook for XRP.
Bullish
Heavy whale accumulation of nearly $1 billion in XRP over 48 hours, combined with a market cap surge past USDT, signals strong bullish momentum. The recovery above key support at $2.70 and a target break at $2.90 aligns with technical patterns seen in previous altcoin rallies. Growing daily trading volume and $134 million in weekly institutional inflows into XRP products further validate increasing demand. If US spot ETF approvals materialize, XRP could see additional upside. Historically, similar whale-driven rallies in altcoins have led to sustainable upward trends, especially when supported by institutional ETFs. In the short term, traders will watch pivotal price levels for breakouts or retracements; in the long term, sustained institutional interest and ETF developments may propel XRP to new highs.