Why Is XRP Pumping? Whale Moves $90M as Ripple Price Nears $3
The post Why Is XRP Pumping? Whale Moves $90M as Ripple Price Nears $3 appeared on BitcoinEthereumNews.com.
TL;DR XRP jumps 80% from April lows as whales move over $200 million in large transactions. ETF volume surges 5x above normal as traders await ProShares’ XRP futures fund launch. XRP nears $3 as traders speculate on $4 breakout amid revived momentum and whale activity. XRP Hits Five-Month High After 80% Climb XRP has surged nearly 80% from its April lows and shot up to almost $3 for the first time in several months. The token has increased by 8% in the last 24 hours and 25% weekly, making it one of the strongest assets in the market this week. Interestingly, the rally also marks a Bitcoin (BTC) breakout to a new record of $118,800, assisting in pushing up wider crypto prices. XRP has gained renewed momentum after months of muted movement, drawing fresh interest from both retail and institutional traders. Whale Transfers Fuel Speculation On-chain data shows several large XRP movements over the past 24 hours. Whale Alert flagged a 33 million XRP transfer (worth about $90 million) from Upbit to an unknown wallet. Another 40 million XRP, valued at over $100 million, moved between unidentified addresses, as CryptoPotato reported. In a separate transfer, 25.49 million XRP were sent from a private wallet to Coinbase. The cause behind such transactions is not clear, but these movements are likely to precede or follow price action. The timing has added to ongoing market speculation around the asset’s next move. XRP ETF Volume Spikes Ahead of Key Deadlines Trading activity has also picked up in XRP-linked exchange-traded products. Bloomberg’s Eric Balchunas noted a sharp increase in volume. “The XRP ETFs seeing surge in volume today, like 4-5x the norm,” he posted. The 2x leveraged XRP fund ($XXRP) rose 27% on the day and 55% this week, with volume hitting $120 million. The…
Filed under: News - @ July 12, 2025 4:28 pm