TL;DR
- XRP whales, or those holding at least 10,000 tokens, have continued to accumulate in recent months, as the total number of such wallets now exceeds 300,000.
- Although XRP’s price has remained relatively sluggish on a weekly scale, industry experts believe whale accumulation is “insanely bullish.”
Recent data reveals that XRP whales, wallets that contain at least 10,000 tokens, have shown remarkable accumulation in recent months. The total number of such wallets has now surpassed 300,000, indicating a trend that has caught the attention of many in the cryptocurrency community. Despite XRP’s price showing relative stagnation on a weekly basis, industry analysts are interpreting this surge in whale accumulation as a highly positive signal.
The uptick in whale activity became particularly pronounced post-US elections, as expectations mounted for significant regulatory changes that could benefit domestic crypto businesses, including Ripple. After experiencing a slight dip in December, XRP whales re-entered the market with vigor at the onset of 2025 and have maintained this trajectory of accumulation with few interruptions.
Data sourced from Glassnode provides compelling evidence of this trend. The sustained increase in wallets holding over 10,000 XRP is described by noted industry commentator Amonyx as “insanely bullish,” suggesting it illustrates a growing confidence among investors. In Amonyx’s words, this is “absolute proof of surging investor confidence,” highlighting the optimism surrounding XRP’s future.
INSANELY BULLISH: #XRP whales are showing up BIG time!
According to Glassnode, the number of addresses holding 10K+ XRP just smashed past 300K — absolute proof of surging investor confidence.
The big money knows what’s coming. Do you? pic.twitter.com/u1cVJApFjg
— Amonyx (@amonbuy) May 3, 2025
In April, whales reportedly acquired over 900 million XRP, translating to a staggering valuation of nearly $2 billion. With the SEC legal battles now seemingly behind Ripple, the company is shifting focus towards expansion efforts, having recently acquired Hidden Road while also attempting a takeover of Circle, which unfortunately did not come to fruition.
The XRP community eagerly anticipates the approval of a spot ETF, especially following positive news surrounding futures ETF developments. However, the US Securities and Exchange Commission recently postponed its decision on Franklin Templeton’s XRP ETF applications, with a new deadline set for mid-June. Experts in the ETF sector predict that summer 2025 could usher in approvals for various financial vehicles, including those that track XRP’s performance.
The growing consensus is that the increasing presence of whale accumulation indicates positive future movements in the XRP market. As the saying goes, “the big money knows what’s coming,” and investors worldwide are keenly watching to see where this trend leads next.
The post Critical XRP Metric Reaches New Record: What Does it Mean for Ripple’s Price? appeared first on CryptoPotato.
