XRP has pushed past the $2.39 mark for the first time since May, fueled by mounting interest from large holders and renewed optimism around Ripple’s broader ecosystem.
On-chain data reveals that nearly 2,750 wallets now hold over 1 million XRP each—just shy of the all-time high—while total whale-controlled supply stands at more than 47 billion tokens. A recent transfer of 25.5 million XRP to Coinbase and a separate 200 million token move by Ripple itself have added to speculation about potential strategic plays ahead.
The latest price surge coincides with XRP’s strongest quarterly close to date, reflecting improving market sentiment and increasing demand—particularly in South Korea, where it leads trading volume on the Upbit exchange.
Meanwhile, the listing of the ProShares XRP ETF on DTCC has sparked expectations of U.S. trading approval, possibly paving the way for more institutional inflows.
Ripple has also ramped up its traditional finance ties, choosing BNY Mellon to safeguard RLUSD reserves and applying for a national bank license. The RLUSD stablecoin has surpassed $500 million in supply just months after launch.
Adding to the momentum, Ripple CEO Brad Garlinghouse recently testified before the Senate Banking Committee, marking another milestone in XRP’s ongoing regulatory evolution.
Kosta Gushterov
Reporter at Coindoo
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Source: https://coindoo.com/xrp-climbs-higher-on-whale-demand-and-etf-expectations/