XRP Surges to 7-Week High Amid Growing Whale Activity

XRP has climbed to its highest level in over a month, signaling renewed momentum within the altcoin market. The recent rally reflects optimism among both institutional and retail investors as critical market indicators show mounting confidence in Ripple’s native token.

Altcoins across the board are currently experiencing notable gains, with several posting increases of up to 5% in the last 24 hours. XRP has stood out from the pack, touching $2.4 for the first time since late May. This resurgence has reignited discussions about the token’s long-term growth potential.

The broader cryptocurrency market appears to be reacting positively to encouragement from top political figures. U.S. President Trump’s recent call for a significant interest rate reduction by the Federal Reserve could be one of the key factors fueling bullish sentiment. Lower interest rates tend to boost risk-based investments like cryptocurrencies, offering an environment where assets like XRP can thrive.

Over the last day, XRP has gained close to 4%, reaching a seven-week peak. From its recent monthly low of $1.9 recorded during geopolitical tensions between Israel and Iran in late June, the token has now recorded a 25% rebound, making it one of the top-performing large-cap altcoins this week.

One of the underlying dynamics driving XRP’s upward trajectory is the behavior of large-scale investors, often referred to as “whales.” According to on-chain analytics firm Santiment, there’s been a substantial increase in the number of wallets holding at least 1 million XRP, a trend that indicates accumulation. Just yesterday, this figure reached a new record with 2,743 such wallets. As of today, that number remains near its all-time high, suggesting that these investors are maintaining or even increasing their holdings.

Supporting this narrative, Santiment noted in a market update that XRP’s value crossing above $2.39 is a significant milestone. The persistence of high-value wallets showcases growing institutional confidence, reinforcing a bullish outlook on Ripple’s token heading into the second half of 2025.

Historically, such accumulation patterns by larger holders can act as a catalyst, drawing in retail investors who tend to mimic whale behaviors. This kind of crowd-following dynamic could potentially fuel additional price momentum for XRP if the current trend continues.

The rising belief in the token’s fundamentals isn’t solely confined to its holders. Market analysts and community members, especially from the XRP Army, have consistently expressed bullish sentiment. As highlighted in a recent technical outlook, reclaiming the $2.38 price zone is seen as a key resistance level. Analysts speculate that firmly breaking above this range could ignite a rapid 12% rally pushing XRP toward $2.60.

Related: XRP Price: $12M Max Pain for Bears

Meanwhile, XRP remains the fourth-largest digital asset by market capitalization. With its recent performance and the rising number of million-token wallets, investor confidence is clearly on the rise. If current factors persist—ranging from macroeconomic policy shifts to sustained whale accumulation—Ripple’s native asset could be poised for additional gains through the upcoming weeks.