XRP (XRP-USD) has surged over 20% in the past 5 days, climbing to $2.89 — its highest since early 2018. Crypto analysis firm Santiment credited “enormous accumulation” by whales holding 1 million to 10 million XRP tokens for the bullish momentum. Since November 12, these whales have snapped up 1.43 billion XRP, marking a 37.4% increase in holdings.
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XRP ETF Speculation Fuels Optimism
Much of the excitement revolves around the potential approval of XRP exchange-traded funds (ETFs) in 2025. Sean Dawson, head of research at Derive, told Cointelegraph that “XRP’s strong momentum is most likely due to a possible XRP ETF listing.” JPMorgan estimates that XRP ETFs could attract $4 billion to $8 billion in net assets in their first year, bolstered by interest from institutional and retail investors.
Pro-Crypto Sentiment Grows Under Trump
With President-elect Donald Trump’s inauguration set for January 20, analysts anticipate a pro-crypto regulatory environment that could benefit XRP. Dawson highlighted that “pro-crypto sentiment in the White House” may trickle down to the SEC, potentially resolving XRP’s legal battles. If optimism holds, XRP could see even greater gains in the coming months.
At the time of writing, XRP is sitting at $2.7638. XRP traded between $2.66 and $2.89 in the past 24 hours.
