XRP Price Explodes For 44.7% Gain: Why Is XRP Going Up Again?

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The XRP price has surged by an impressive 44.7% in just 24 hours, reigniting investor enthusiasm and placing the digital asset back in the crypto spotlight. With a current price of $2.74 and a market capitalization exceeding $156.3 billion, XRP is experiencing one of its most aggressive rallies in recent memory. This sharp upward movement comes amid growing institutional interest, heightened whale accumulation, and fresh regulatory developments—particularly around exchange-traded fund (ETF) filings.

While Bitcoin and Ethereum show muted performance—with BTC barely moving and ETH dipping slightly—XRP stands out as the top-performing major cryptocurrency over both the 24-hour and 7-day periods, with a staggering 93% weekly gain.

Institutional Momentum: The ETF Catalyst

One of the primary drivers behind XRP’s surge is the renewed push for a spot XRP ETF in the United States. WisdomTree has officially filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP exchange-traded fund. This makes WisdomTree the fourth company to formally submit such an application, following earlier attempts by Bitwise, Canary Capital, and 21Shares.

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The proposed WisdomTree XRP Trust aims to provide investors with direct exposure to XRP’s price through shares listed on the CBOE BZX Exchange. Initially, the fund will use a cash-based creation mechanism, though plans for in-kind creation and redemption hinge on future regulatory approvals.

This development follows growing optimism that the SEC may eventually greenlight a spot XRP ETF, especially in light of its ongoing review of similar applications for other major cryptocurrencies like Ethereum. Regulatory clarity from the Ripple vs. SEC case—which partially favored Ripple Labs—has also bolstered market confidence in XRP’s long-term legal standing.

Whale Activity and On-Chain Accumulation

Behind the price surge lies a wave of significant on-chain accumulation by large holders, commonly referred to as “whales.” According to analytics firm Santiment, wallets holding between 1 million and 10 million XRP have collectively added 679.1 million tokens—worth approximately $1.66 billion—over just three weeks.

This level of concentrated buying suggests strong conviction among large investors who may anticipate further upside. Additionally, non-empty XRP wallets have surpassed 5.5 million for the first time in the asset’s eight-year history, signaling growing network adoption and user engagement.

CryptoQuant CEO Ki Young Ju highlighted another bullish signal: Coinbase showed minute-level price premiums of 3% to 13% during the rally, indicating intense buying pressure from U.S.-based investors who prefer regulated exchanges.

Interestingly, Korea’s largest exchange, Upbit, which hosts more XRP traders than Binance, has not yet shown similar premiums—suggesting that U.S. investor demand may be leading this current wave.

Technical Breakout: The End of a Long Consolidation

From a technical analysis perspective, XRP has just completed what many traders are calling a “historic” breakout. After trading sideways for 84 months—nearly seven years—it erased that entire consolidation phase in a single monthly candle.

Trader CrediBULL Crypto emphasized that this breakout surpasses previous bull patterns in significance, marking a potential shift from stagnation to sustained upward momentum.

Influential macro investor Raoul Pal echoed this sentiment on social media, describing XRP’s chart as “great-looking” and identifying a long-term wedge pattern similar to one that preceded a 5,600% rally in the past. He humorously labeled the current phase as “Banana Zone Part 1,” implying that much bigger moves could be ahead.

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Jacob Canfield, another prominent crypto analyst, forecasts a potential 240% rebound toward key resistance zones last seen during the 2017–2019 period. In a more aggressive scenario, he believes XRP could surge up to 700% to challenge its all-time highs—especially if momentum continues against Bitcoin (BTC).

Core Keywords and Market Sentiment

The sudden surge in XRP’s value is being fueled by a confluence of factors:

These keywords reflect both investor curiosity and search intent around regulatory developments, price forecasts, and strategic entry points.

Market sentiment remains overwhelmingly bullish, supported by increasing trading volume, rising wallet counts, and growing institutional interest. Unlike speculative pumps driven purely by hype, this rally appears underpinned by tangible on-chain data and structural market shifts.

Frequently Asked Questions (FAQ)

Why is XRP going up so fast?

XRP’s rapid price increase is driven by multiple factors: renewed ETF filing activity (notably by WisdomTree), strong accumulation by whale wallets, a historic technical breakout after years of consolidation, and increased investor confidence following partial regulatory clarity from the Ripple vs. SEC case.

Could an XRP ETF be approved?

While no decision has been made yet, the filing by WisdomTree and other asset managers signals growing institutional demand. Approval will depend on SEC evaluation, but recent precedents with other crypto ETFs suggest cautious optimism.

How much XRP do whales currently hold?

Wallets holding 1–10 million XRP have added 679.1 million tokens in three weeks. This large-scale accumulation indicates strong confidence among major investors about XRP’s future value.

What is the significance of the “Banana Zone” comment?

Coined by Raoul Pal, the term refers to an early stage of a major bull run following a long consolidation. It humorously suggests that we may be at the beginning of a massive upward move in XRP’s price.

Is XRP outperforming Bitcoin and Ethereum?

Yes. Over the past 24 hours, XRP gained 44.7%, while Bitcoin rose only 0.04% and Ethereum declined by 1.4%. Over seven days, XRP is up 93%, far exceeding both BTC (+1.5%) and ETH (+4.4%).

What are the next key price targets for XRP?

Analysts project potential resistance targets from a 240% move upward, with more aggressive estimates suggesting a 700% surge toward all-time highs—especially if momentum builds against Bitcoin.

Looking Ahead: Can the Momentum Last?

While short-term euphoria is evident, long-term sustainability will depend on continued regulatory progress, exchange support, and broader market adoption. The combination of ETF momentum, whale buying, and technical strength paints a compelling picture—but investors should remain mindful of volatility inherent in digital assets.

As institutional infrastructure develops and market structure improves, XRP may be positioning itself not just for another speculative peak, but for deeper integration into mainstream finance.

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With over 5.5 million active wallets and growing ecosystem activity, XRP’s fundamentals appear stronger than ever—even as it surges past psychological resistance levels. Whether this rally evolves into a sustained bull run will depend on how regulatory winds shift in 2025 and beyond.

For now, all eyes are on Washington—and Wall Street—as the next chapter in XRP’s journey unfolds.