Whales on a Shopping Spree: XRP Price Takes a Wild Ride Toward New Highs 🚀🐋

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TL;DR

  • Whales bought a whopping 2.2B XRP in two weeks, making the price soar past $3.00.
  • Experts say XRP needs to close above $3.30 this month to confirm a breakout into price discovery.
  • Open interest hits $9.25 billion, and the XRP ETF approval has investors buzzing with excitement.

Whale Activity: The XRP Rollercoaster Continues

Hold onto your hats, folks, XRP just reached $3.16 at press time. That’s an 8% rise in the last 24 hours and a mind-blowing 29% gain over the past week. Trading volume? A jaw-dropping $8.84 billion. The cause of this madness? A feeding frenzy from the whales.

In the immortal words of Ali Martinez, “Whales have devoured 2.2 billion XRP in the last two weeks!” That’s a staggering $6.6 billion at today’s prices. As the whales gobbled up more XRP, the price followed suit, smashing through the $3 mark like it was made of paper. 📈💰

Whales have bought 2.20 billion $XRP in the last two weeks! 🐋💥

— Ali (@ali_charts) July 16, 2025

Blockchain tracking services like Whale Alert have been busy documenting whale-sized transfers. One particularly eye-catching transaction saw 25.5 million XRP (about $73.6 million) sent to Coinbase when XRP was chilling at $2.92. You can almost hear the splash as that whale dove in! 🌊🐋

And that’s not all—33 million XRP made a mysterious journey from Upbit to an unknown wallet, and another 40 million coins went on a secretive tour between hidden addresses. Where are they going? Who knows, but it’s certainly adding to the drama. 🤫

Analysts Watching for the All-Time High Breakout

But wait, there’s more! According to the ever-watchful Galaxy, XRP is creeping toward a key price level that could push it into “price discovery”—which is just a fancy way of saying it’s about to break all past records. The last time XRP flirted with this concept was in 2017. Ah, nostalgia. 📅

Technical charts are suggesting that XRP is eyeing its previous all-time high range between $3.30 and $3.35. If it manages to close above this range on a monthly basis, the price could go even higher. Ali Martinez is optimistic, too, saying that a weekly close above $3 might just send XRP to $4.80. Fingers crossed! 🤞🚀

Open Interest & ETF News: Hold On Tight!

Meanwhile, open interest in XRP perpetual futures has skyrocketed to $9.25 billion, a 15% increase in just 24 hours. That’s a lot of people using leverage, and a lot of XRP on the line. All this hype could mean more fireworks for XRP. 💣

And speaking of fireworks, the SEC just approved the ProShares Ultra XRP ETF (ticking under the snappy UXPR ticker). This futures-based product promises to give investors double the daily performance of XRP. Talk about a rollercoaster ride! 🎢💸

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2025-07-17 10:25