XRP, the native cryptocurrency of Ripple, has experienced a significant surge, propelled by whale activity, and has risen nearly 30% in the last week. As of the latest update, the token traded at $2.93 after a 24-hour increase of 10.9%.
The momentum surrounding XRP, which ranks as the third-largest cryptocurrency by market capitalization, has been fueled by heightened whale engagement and growing optimism regarding exchange-traded funds (ETFs), suggesting potential future price increases.
Recent data shared by Finance Newso indicates that the number of XRP whale wallets—those holding at least 1 million tokens—has reached an all-time high, with 2,743 addresses now participating. These wallets collectively control 47.32 billion XRP tokens, reflecting both an increase in the number of whales and their overall holdings.
Market analysis platform Santiment noted that this rally has coincided with a significant rise in network growth, evidenced by an uptick in new wallet creations and growing retail interest on social media platforms.
XRP Rally: RLUSD Stablecoin Momentum, Cross-Border Settlement Integrations, Increase Institutional Interest
Just on Monday, XRP recorded an over 5% gain within a 24-hour timeframe, marking its highest point since March. The token has established a solid upward trajectory, nearing $3 before settling around $2.80.
On July 12, Ripple announced that its RLUSD stablecoin is transforming global remittance practices, providing faster, cheaper, and more transparent payment options. This momentum is driven by banks looking for efficient alternatives.
For example, AMINA Bank, licensed by Swiss regulators, has recently incorporated RLUSD to expand its custody and trading offerings.
Additionally, Ripple is pursuing a banking license from the U.S. Office of the Comptroller of the Currency (OCC), signifying its goal of bringing RLUSD under federal oversight and enhancing its crypto-related services.
@Ripple's RLUSD stablecoin is growing on @ethereum, with supply up ~4x since January. pic.twitter.com/nQ88TYVtnc
— Token Terminal (@tokenterminal) June 28, 2025
Ripple Signals Long-Term Bullish Potential
Market analyst EGRAG Crypto has highlighted a rare three-candle formation on the monthly chart as one of the key factors driving the recent XRP price surge. This pattern was first noted in November 2023 and is typically indicative of an impending price rally.
#XRP – 0.60c To 10$ Or $50:
When #XRP was 0.60c (202 Post) my targets were the same.
All #XRPOG's can see the future. When everyone was against us, we fought under the shades of spears. #XRPFamily IS THE ONLY FEW https://t.co/ZSdqxMiNBY pic.twitter.com/2Y0W1zZ9Ud
— EGRAG CRYPTO (@egragcrypto) July 9, 2025
Historically, such three-candle formations have preceded both consolidation phases and significant price increases. In addition, XRP educator Edoardo Farina expressed the view that it would not be surprising for the token to surpass $4 in the coming week.
On the institutional side, Ripple Labs has aligned itself with prominent organizations, including BNY Mellon, to offer custody services for RLUSD. This growing institutional support has further propelled the price of its native token.
The post XRP Nears $3 Amid Breakout Rally – Is a New All-Time High Within Reach? appeared first on Finance Newso.
