Whales Accumulate XRP as ETFs Rise and Lawsuit Nears Resolution
XRP has surged over 300% since November 2024, holding above $2 within a tight $2.06–$2.34 range as bulls take substantial profits. On-chain data shows whale wallets added 260 million XRP and mid-tier holders bought over 100 million in the past 30 days. Institutional inflows into XRP funds reached $11 million last week and $206 million year-to-date—the highest among altcoins. Recent developments include the launch of spot XRP ETFs in Canada, SEC public comments on US ETF proposals, and Ripple’s partnerships in stablecoins and regulatory outreach. Traders are eyeing the SEC v. Ripple ruling expected August 2025, which could remove legal uncertainty and accelerate adoption. Key technical levels: support at $2 and resistance at $2.25–$2.34, with targets of $2.65 in the short term and $3.40 by Q3.
Bullish
Heavy whale accumulation, record institutional inflows, and the launch of spot XRP ETFs in Canada signal growing demand. The upcoming SEC v. Ripple verdict should remove legal uncertainty, potentially unlocking further adoption. XRP’s tight consolidation above $2 with clear support and resistance levels suggests a breakout is likely, underpinning both short-term rallies and long-term gains.