TL;DR
- XRP sees a 29% weekly surge as whale-driven demand pushes the price near key breakout levels.
- Upbit leads the asset’s rally, accounting for 70% of net spot buying during the $2.60–$3.00 move.
- On-chain wallet growth and rising open interest confirm real market backing behind XRP’s breakout.
Whale Activity and Strong Volume Lift XRP
XRP has climbed to the second spot on Coinbase by trading volume, reaching $413 million in 24 hours, just behind Bitcoin. The price of Ripple’s token traded at $2.96 at press time, marking a 6% daily increase and a 29% weekly gain. This increase follows bullish demand from large holders and increased interest from major platforms.
JUST IN: $XRP surges to #2 spot on Coinbase with $413 million in 24H trading volume, second only to BTC. pic.twitter.com/ua5tRBpdje
— Whale Insider (@WhaleInsider) July 14, 2025
XRP’s recent breakout from a descending triangle pattern was followed by sustained capital inflows. Data from Santiment shows nearly 7,000 new wallets were created in just 24 hours, indicating rising user interest and network activity. This surge in demand aligns with Ripple’s expanding partnerships and a clearer regulatory status.
Upbit Leads Spot Market Buying
Crypto analyst Dom reported that from $2.60 to $3.00, XRP experienced 45 million in net buy pressure on spot markets. South Korean exchange Upbit accounted for 70% of that volume, or 32 million coins. Following Upbit were Coinbase with 11 million, Kraken with 9 million, and Bitstamp with 6 million, while Binance showed negative net volume, indicating localized trading activity.
This asymmetrical flow suggests significant momentum in specific regions, highlighting the prominence of certain exchanges in this rally.
Technical and On-Chain Metrics Signal Support
XRP’s rally has not stemmed from speculation alone. Volume near the $2.84 breakout zone confirms significant buying interest. The price action remains stable, implying controlled accumulation rather than volatility-driven spikes.
CoinGlass data reveals a 30% increase in trading volume to $20.2 billion, with open interest rising by 7.79% to $8.06 billion, and options volume growing over 62%. This heightened derivatives activity further indicates increased market participation in this price movement.
The insights from this analysis highlight the bullish sentiment surrounding XRP, suggesting that the current trends are backed by both technical indicators and on-chain metrics.
