- XRP Leads Market Gains: XRP surged 6% in 24 hours, briefly hitting $2.74 before settling near $2.71, outperforming other top cryptos.
- Major Catalyst – Brazil’s XRP ETF: Brazil’s securities regulator approved the world’s first spot XRP ETF, fueling investor interest and price momentum.
- Whales & Trump Factor: Whales accumulated 150M XRP ($400M) in two days, while Trump’s public mentions of Ripple sparked speculation of further bullish movement.
The crypto market is seeing a slight bounce, with Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other top assets posting modest gains over the past 24 hours. But the real standout? Ripple’s XRP.
XRP is stealing the show, soaring 6% in a day, briefly touching a local high of $2.74 before settling near $2.71(according to CoinGecko).
What’s Driving XRP’s Rally?
A major development out of Brazil is likely fueling the price action. The country’s securities regulator—Comissão de Valores Mobiliários (CVM)—just approved the world’s first spot XRP exchange-traded fund (ETF).
This ETF gives investors a way to gain exposure to XRP without having to buy it directly from exchanges or worry about self-custody concerns.
Meanwhile, in the U.S., major firms like Grayscale, Bitwise, and 21Shares are pushing for their own XRP ETFs. The SEC has acknowledged their filings, meaning a final decision—approval or rejection—is coming in the next few months.
Whales Are Making Moves
Another key factor? Massive whale accumulation.
Earlier this week, large investors scooped up 150 million XRP tokens—worth nearly $400 million—in just 48 hours.
A continued surge in whale buying could shrink XRP’s circulating supply, potentially driving prices higher—as long as demand holds strong. Plus, when whales buy big, retail investors often follow, bringing in fresh capital and liquidity.
Santiment reports that the number of XRP whales and sharks (wallets holding over 100K XRP) has grown by 261 in the last 10 weeks, a clear sign that big players are betting on XRP’s future.
Final Thoughts—Can XRP Keep Climbing?
With a spot ETF launch in Brazil, whale accumulation on the rise, and potential regulatory breakthroughs in the U.S., XRP’s outlook is heating up.
If momentum keeps building, a bigger breakout might not be far off.
