- XRP’s price rose sharply recently, retesting prior levels and nearing its all-time high of $3.84 observed in previous market activity.
- Santiment data shows XRP reached its highest value since May, indicating increased buyer demand for the cryptocurrency asset.
Recent activity in the XRP market shows increased buyer interest. Over the past week, the digital asset’s price moved upward at a faster rate than many others. XRP has traded near a price level previously seen and is now closer to its highest recorded price of $3.84.
🐳 XRP's market value has hit a 7-week high, crossing above $2.39 for the first time since May 23rd. What to watch for are the rising number & collective balances of whales holding at least 1M $XRP.
There are currently 2,742 wallets holding at least 1M XRP, one off from… pic.twitter.com/UPPlSWq7TD
— Santiment (@santimentfeed) July 9, 2025
Information from market analysis firm Santiment indicates the price of XRP has reached levels last observed in May. This upward movement suggests more people are buying XRP, supported by its recent trading results.
Santiment reported:
“XRP’s market value has hit a 7-week high, crossing above $2.39 for the first time since May 23rd. What to watch for are the rising number & collective balances of whales holding at least 1M $XRP.”
The number of these large holders, possessing at least 1 million XRP, is approaching 3,000 distinct wallets. Data shows these holders maintain sizable positions for extended periods. The combined holdings of these specific wallets exceed 47 billion XRP. At current market prices, the total value of these holdings is more than $155 billion.
Santiment stated:
“There are currently 2,742 wallets holding at least 1M XRP, one off from yesterday’s all-time high of 2,743. Additionally, these 1M+ wallets collectively hold 47.32B XRP, as they continue to show confidence in the 4th largest market cap’s future.”
The accumulation by these large holders coincides with the price increase. Their sustained holdings suggest a long-term view on XRP’s value. Market observers often view the growing number and holdings of such large participants as a sign of underlying asset strength. The recent price action reflects this increased market attention.
XRP (Ripple) is trading at $2.82 USD, marking an impressive 13.09% increase in the last 24 hours. This sharp rise comes amid one of XRP’s most significant bullish streaks in recent years, fueled by favorable legal outcomes, new institutional adoption, and expanding use cases for Ripple’s On-Demand Liquidity (ODL) platform.
XRP’s market capitalization now stands at $166.66 billion, with a staggering $14.97 billion in daily trading volume, reflecting strong demand from both retail and institutional investors.
Technically, XRP has decisively broken out of the consolidation range it had maintained between $2.20 and $2.50 throughout late Q2. The breakout above $2.70 has triggered a fresh wave of momentum buying, likely targeting psychological resistance at $3.00 and then $3.30. Momentum indicators like RSI are elevated but not yet signaling overextension, indicating room for further upside.
Moving averages on all key timeframes are sloping upward, with the 50-day MA recently crossing above the 200-day MA—classic confirmation of a bull market structure. XRP is currently one of the top-performing large-cap altcoins in the market.
On the fundamental side, XRP is benefiting from a surge in institutional partnerships. Ripple Labs has recently announced new ODL corridors in South America and the Middle East, expanding real-time cross-border settlement services to previously untapped regions.
