XRP Whale Wallets Accumulate $47B Amid ETF Buzz

XRP whale activity is fueling renewed enthusiasm in the market as the crypto asset hits its highest level in nearly two months, marking a major spike in investor interest ahead of several ETF decisions.

XRP has reached a seven-week high, trading at $2.43 — a milestone not seen since late May. Over the past day, the asset has gained 4.60%, and over the past week, it has jumped 6.85%. This surge has cemented XRP’s status as the fourth-largest cryptocurrency, with its market cap now standing at an impressive $143.84 billion.

Massive Whale Accumulation Signals Confidence

One of the key forces behind this rally is the growing concentration of XRP holdings among large investors, often referred to as “whales.” Recent analytics provided by Santiment reveal a substantial increase in the number of wallets holding over 1 million XRP tokens.

There are currently 2,742 such whale wallets—a figure that’s just shy of the all-time recorded high of 2,743 set the day prior. Altogether, these top-tier holders control approximately 47.32 billion XRP, highlighting a confident long-term sentiment within the investor community. This consolidation of XRP among major players often precedes significant market movements and reflects broader optimism concerning XRP’s future potential.

ETFs Could Spark a New Wave of Demand

July has become a make-it-or-break-it moment for XRP as it sits on the cusp of potentially groundbreaking developments in the ETF space. According to details shared by The Crypto Basic, several XRP-focused exchange-traded funds are approaching their SEC decision deadlines this month.

The earliest among them is ProShares, which aims to launch three XRP futures ETFs on July 14. These include:

• Ultra XRP ETF – offers 2x leveraged daily exposure to XRP performance
• UltraShort XRP ETF – allows investors to short XRP with leverage
• Short XRP ETF – provides standard short exposure to XRP

The ETF ecosystem could further expand on July 21 with Turtle Capital’s proposed 2x Long XRP Daily Target ETF, also pending SEC approval. On that same day, Volatility Shares has plans to roll out two futures-based ETFs: the Volatility XRP ETF and the 2x XRP ETF.

To round out the month, REX-Osprey is preparing to debut the REX-Osprey XRP ETF on July 25, again contingent on regulatory clearance. Beyond these futures products, over ten spot-based XRP ETFs are also in the regulatory pipeline, with a final SEC decision on those expected by October.

Legal Landscape Still Looms Large

Amid all this institutional excitement, the Ripple-SEC lawsuit continues to hover over XRP’s future. Market observers are anticipating a potential dismissal of the SEC’s case — a scenario that could cause another bullish wave by removing a major legal overhang that has plagued XRP’s adoption across U.S. markets.

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

Regardless of the outcome, the convergence of whale activity, ETF momentum, and legal clarity positions XRP at the center of the crypto market’s attention in the second half of 2025. With billions of dollars flowing into strategic wallets and multiple fund products waiting in the wings, XRP is poised to play a pivotal role in shaping the next chapter of blockchain-based finance.