- XRP surged nearly 13% after breaking resistance at $2.40, with growing user activity and investor optimism fueling momentum.
- Whales have accumulated $14 billion in XRP, while dormant circulation dips, reflecting quiet confidence despite bearish derivative signals.
Ripple’s XRP saw a sudden jump on charts, with prices going as high as $2.43 on Thursday. The spike came after it broke through to $2.40 and is now running into resistance for a second time at $2.40385.
The recent surge is evident on the 4-hour chart, but the rally is catching its breath for now.
In a day, XRP jumped nearly 13% before it pulled back. While it rested, this is for sure: there is a whole lot more happening behind the scenes than is indicated by price. Daily active addresses for the token increased more than 400% since March began. That is a bigger story — people are using XRP in larger quantities than ever.
The perception regarding XRP began to reverse, with the U.S. Securities and Exchange Commission finally ending its court fight with Ripple. That update alone was enough to create serious investor optimism, especially for larger holders.
Whales Push $14 Billion Into XRP Amid New Legal Clarity
Whale wallets holding between 1 million and 10 million XRP have been busy stacking up. Over the past two months, they’ve grown their share by 10%, reaching a total of 5.81 billion XRP — worth close to $14 billion. That’s a clear signal of growing confidence from high-stakes players.
Not every large wallet is playing the same game, though. Accounts holding between 10 million and 100 million XRP are showing mixed activity — some are buying, others are trimming their positions. Still, the net mood feels more hopeful than cautious.
At the same time, XRP holders are not rushing to sell. Dormant circulation has dipped, meaning most investors are simply holding steady, watching the price movements but not reacting to them. That quiet confidence says more than any short-term spike could.
CEO Optimistic on ETF, But Derivatives Market Isn’t Convinced
Ripple’s CEO Brad Garlinghouse recently told Bloomberg, “I have immense confidence in the [XRP] ETF. I think those will be live in the second half of the year.” That kind of forward-looking statement, paired with the SEC’s legal withdrawal, may help XRP’s position in the broader digital asset space.
The SEC has delayed decisions on several XRP ETF filings from major players like Bitwise, 21Shares, and Franklin Templeton. Still, Garlinghouse pointed out that XRP is likely to be part of the U.S. digital asset stockpile in the coming future. That could change the conversation entirely once approvals roll in.
Oddly enough, despite this growing bullish mood, XRP’s derivatives market isn’t showing the same enthusiasm. Funding rates are in negative territory, often a sign of cautious or even bearish sentiment among traders using leverage.
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