- XRP overtakes Tether, claiming the third market cap spot as value surpasses $2.61, driven by adoption and legislative tailwinds.
- Wallets holding XRP grew by 638K in 2025, marking an 11 percent rise, with total holders nearing 6.5 million.
- Whale movements of 20 million XRP and institutional investments propel price momentum, with predictions reaching $22 in 2026.
XRP has overtaken Tether to rank as the third-largest cryptocurrency market capitalization, according to Santiment. The asset market value has broken the $2.61 mark for the first time since March 6, 2025. The uptick has been credited to several factors, ranging from U.S. legislative developments and growing worldwide adoption of XRP.
In a tweet by Santiment, the platform stated that House Bill 594, which is a Missouri bill, aims to allow for full income tax deductions on capital gains on investments like Bitcoin and XRP. This policy would raise interest in the digital asset as a good investment vehicle. Additionally, Travala.com’s recent action of accepting XRP as payment has further boosted its usage in the global payments system.
Wallet Activity and Adoption Growth
XRP’s wallet activity has surged in 2025, with 638,000 new non-empty wallets added this year, according to data from Santiment. This represents an 11% growth in wallet numbers, bringing the total to nearly 6.5 million holders. The consistent upward trend in wallet creation demonstrates increasing interest and participation in XRP’s ecosystem.
Skipper | XRPL added that billions are being invested in XRP by governments, banks, and exchanges globally. This trend underlines strategic adoption of the cryptocurrency beyond individual users. Key players such as SBI Holdings in Japan have made substantial contributions, with the company investing approximately ¥1.6 trillion ($10 billion) in Ripple Labs and XRP.
Whale Movements and Market Liquidity
Whale transactions are driving the price direction of XRP. On May 13, 2025, a mysterious wallet transferred 20,000,000 XRP valued at approximately $50.12 million to Bithumb, according to Whale Alert. The transfer on Ripple’s blockchain only required a paltry 0.000012 XRP fee, which indicates how optimized the network is.
The transfer is indicative of healthy liquidity flows in the XRP markets due to institutional and retail demand. Such transactions usually have to do with price action, indicating the effect of whales on market dynamics.
Future Projections for XRP
Analyst Capt. Toblerone projected XRP could reach $22 per token, with a market cap of $1.24982 trillion during a 2026 bull run. This projection assumes a $35 trillion total cryptocurrency market cap, with XRP playing a pivotal role in global crypto adoption. Santiment emphasized the asset’s growing institutional support and increasing use cases in payment systems.
Data from COG Chain supported this bullish outlook, identifying a breakout above the 200-period EMA at $2.42. With potential resistance near $2.65, XRP’s upward trajectory appears underpinned by strong regulatory support, institutional interest, and whale activity.
BingX Data Highlights XRP Momentum
XRP price reached $2.4819 on BingX’s 4-hour chart, a 3.28 percent increase in the last 24 hours. The RSI on BingX was 77, overbought levels that traders are closely monitoring for pullbacks.
The market movement on BingX is in line with the general market directions, with increased liquidity and whale activity supporting the price move of XRP. These indicators reflect active market engagement and highlight significant levels for traders to take note of, including $2.42 as support and $2.65 as resistance.
