- Whale wallets holding 10 K+ XRP surged past 300K, showing long-term belief.
- XRP ETF approval sparked institutional inflows and rapid market growth.
- Exchange flow spikes confirmed strategic XRP accumulation post-ETF news.
Investor confidence in XRP has surged sharply since late 2024, driven by aggressive whale accumulation and ETF approval. On-chain metrics and regulatory developments have aligned to push the asset into a new technical structure.
Whales Accumulate as On-Chain Metrics Accelerate
From July 2024 to May 2025, the number of XRP addresses holding 10,000 or more coins rose sharply. The metric surpassed 300,000 addresses for the first time, driven by coordinated large-holder activity. In a post by Amonyx, this rise was cited as “absolute proof of surging investor confidence.”
Address growth tracked closely with price performance, which climbed from $0.47 in mid-2024 to over $3.00. Throughout this period, whale activity showed no signs of reversal, even during brief price corrections. The consistent rise in high-balance wallets underscores strong long-term conviction.
ProShares XRP ETF Secures SEC Approval
ProShares secured approval for an XRP futures ETF in April 2025, signaling institutional validation of the asset class. The fund offers exposure through regulated derivatives, with positions settled in cash under strict CFTC-compliant structures. According to data from CryptoQuant, XRP custody will be managed by institutional-grade custodians in coordination with CME platforms.
The ETF’s objective is to provide diversified XRP access without direct token ownership, targeting asset managers and crypto hedge funds. Its announcement followed the conclusion of Ripple’s legal dispute with the SEC, which provided full regulatory clarity. As a result, the ETF launch attracted immediate inflows from structured product providers.
Exchange Flows Confirm Institutional Demand Spike
XRP inflows to Binance surpassed 14 billion tokens in late October 2024, marking the highest on-chain activity in two years. This preceded XRP’s rapid surge from $0.60 to over $2.50 within weeks, confirming a clear correlation. Exchange outflows also spiked above 12 billion shortly after, coinciding with XRP’s climb past $3.00.
These inflows and outflows stabilized in Q1 2025, while the XRP price held strong between $2.10 and $2.70. Lower inflows indicated reduced sell-side pressure, while price consolidation suggested new support levels. The data points to strategic accumulation and active rotation into institutional-grade XRP positions.
CoinMarketCap Chart Shows Sustained Price Structure
According to CoinMarketCap data, XRP traded between $0.47 and $0.52 for months before its October 2024 breakout. The rally began with a sharp push past $0.60, followed by a surge to $2.00 by late November. Strong candlestick formations confirmed consistent bullish conviction throughout the final quarter of 2024.
XRP reached a local high of $3.30 in January 2025 before entering a consolidation around $2.00 to $2.35. Support levels held firm into May, maintaining over 300% gains from breakout levels. The data confirms a long-term shift in XRP’s technical price structure.
