XRP Whales Accumulate as Bullish Sentiment Grows

XRP Whales Increase Holdings

Despite ongoing market uncertainty, the XRP community remains optimistic about the Ripple ecosystem. On-chain data indicates that large XRP holders, often referred to as whales, have been actively purchasing more XRP over the past two weeks, signaling confidence even amidst fears of further market declines.

Whale Accumulation Details

According to data from Santiment, XRP whales holding between 10 million and 100 million XRP have demonstrated a strong belief in XRP's long-term potential. Over the last two weeks, this group acquired 340 million XRP, bringing their total holdings to approximately 7.84 billion XRP.

Broader Market Demand

Data from CryptoQuant also reveals that XRP wallets with at least 100,000 XRP have been accumulating during the recent dip. This increased spot demand coincides with significant volume in the XRP futures market. CME Group reported that its XRP futures contracts surpassed $1 billion in open interest, achieving this milestone faster than any of its other products in just over three months.

Institutional Interest in XRP Grows

Corporate investors are also showing increased interest in XRP, particularly following regulatory clarity in the United States. The U.S. Court of Appeals recently approved the joint dismissal of appeals by the Securities and Exchange Commission and Ripple Labs, removing uncertainty and sparking activity.

Recent Corporate Moves:

• Gumi (Japanese gaming giant): Plans to acquire $17 million (2.5 billion Japanese yen) worth of XRP for treasury management.
• Hyperscale Data (NYSE: GPUS): Intends to raise up to $125 million through a share offering to purchase Bitcoin and Ripple.

Spot ETF Speculation

Speculation around a potential spot XRP ETF is gaining traction. Steven McClurg, CEO of Canary Capital, has stated that XRP is second only to Bitcoin in terms of recognition on Wall Street. Currently, 15 fund managers have reportedly filed with the U.S. SEC to offer spot XRP ETFs.

Amplify ETFs Filing:

Amplify ETFs filed with the SEC to list an Amplify XRP Monthly Option Income ETF. Some analysts suggest that if approved, these ETFs could generate yields through the Flare network.

Technical Analysis: Bullish or Bearish?

The XRP/USD pair has been consolidating within a descending triangle pattern since its all-time high on July 18, 2025. The price has retraced 6.7% in the past week, testing a key support level around $2.8.

Veteran trader Peter Brandt has cautioned that the XRP/USD pair looks “potentially very negative” in the daily timeframe, suggesting a possible drop to $2.38 if the $2.78 support level fails. Despite this, many Ripple investors anticipate a bullish breakout, driven by regulatory clarity and rising institutional demand.