XRP's price

XRP's price jumped 12% amid uncertainty in the cryptocurrency market, fueled by significant accumulation from large investors (whales) and speculation about a potential ETF listing in the US. Crypto analysts noted that XRP reached $2.69, a level not seen since December 2024, and further increased to $2.83, the highest since early 2018. Data indicated that wallets holding between 1 million and 10 million XRP tokens have accumulated 1.43 billion tokens since November, reflecting a 37.4% increase.

Experts suggest that the momentum is likely linked to the anticipated ETF listing and a broader trend of investors shifting funds from Bitcoin to altcoins like XRP. Additionally, ongoing legal issues with the SEC may also influence XRP's market performance, with the possibility of favorable outcomes for XRP amidst a pro-crypto environment in the White House. Analysts project that XRP could attract substantial new assets, further enhancing its market position.