TL;DR
- Whales purchased nearly $400 million worth of XRP in 48 hours, potentially driving upward price pressure.
- Anticipation grows for a spot XRP ETF, with SEC reviewing filings from Grayscale, 21Shares, and Bitwise.
Time for Another Rally?
While XRP remains weekly, its price faced recent volatility, dipping below $2.50** before recovering to **$2.60 (CoinGecko data).
👉 XRP whales seize the dip, buying 150 million tokens ($400M) in two days. Such accumulation reduces circulating supply, potentially boosting value if demand holds. Smaller investors often follow whale activity, injecting fresh capital into the ecosystem.
Price Predictions
- Ali Martinez forecasts a 4% rise to $2.68 if XRP breaks an ascending triangle pattern.
- EGRAG CRYPTO notes XRP must hold $2.69–$2.73 (4-hour frame) to confirm bullish continuation.
ETFs Pile Up
A spot XRP ETF could significantly impact prices by enabling indirect exposure. Key developments:
- SEC acknowledged filings from Grayscale, 21Shares, and Bitwise, triggering a 240-day review period.
Polymarket odds:
- 44% chance of approval by July 31.
- 78% chance by end of 2025.
👉 Why an XRP ETF matters: ETFs attract institutional investors, increasing liquidity and legitimacy.
FAQ
1. How do whale purchases affect XRP’s price?
Large buys reduce supply, creating scarcity that can drive prices up if demand remains steady.
2. What’s the timeline for an XRP ETF decision?
The SEC must decide within 240 days of initial filings (deadline varies by application).
3. Which companies are leading the XRP ETF race?
Grayscale, 21Shares, and Bitwise have submitted formal proposals under SEC review.
Key Takeaways
- Whale activity signals strong institutional interest.
- ETF potential could be a game-changer for XRP’s adoption.
- Technical levels suggest short-term bullish targets if key supports hold.
Stay tuned for updates on regulatory developments and market trends!