Ripple Whales Spark $5B XRP Transfer Frenzy, ETF Hopes Soar

Ripple whales have once again made waves in the crypto market, transferring over $5 billion worth of XRP in the past 24 hours. This massive movement has sparked considerable bullishness among traders and investors, with market sentiments further boosted by the potential inclusion of XRP in a U.S. crypto reserve and the growing odds of an ETF approval.

According to on-chain data revealed by a top crypto analyst, over $5.37 billion worth of XRP was moved in the past 24 hours. This significant transfer comes amidst broader market volatility, indicating a heightened level of activity among Ripple whales. The recent announcement by former U.S. President Donald Trump to include XRP in the U.S. crypto reserve has also contributed to the surge in XRP transfers.

Simultaneously, active addresses on XRP's network have risen by a staggering 620%, from 74,589 to 462,650. This increase in activity aligns with the surge in Ripple whale activity and underscores the positive market sentiment surrounding the coin. Market participants are abuzz with discussions about the potential for XRP to flip Ethereum as new highs await amid strong market support.

The odds of a wrap-up of the Ripple vs SEC lawsuit have also gained notable weight, with attorney Jeremy Hogan hinting at a possible early dismissal of the XRP lawsuit. Ripple's CEO, Brad Garlinghouse, is set to participate in the upcoming White House crypto summit, further sparking market discussions about its potential impact on the ongoing lawsuit.

XRP price today witnessed 6% gains, resting at $2.49. The coin bottomed and peaked at $2.30 and $2.53 in the past 24 hours. The rising action falls in line with the broader crypto market trend as prices recovered, absorbing trade war tensions. XRP futures OI rose nearly 7% to $3.40 billion today, indicating rising market interest and significant gains amid increasing Ripple whale activity, investor interest, and lawsuit-related developments.

In addition, the chances of an XRP ETF approval hover around 78% in 2025, according to Polymarket data. This bullish XRP news further fuels investor optimism and contributes to the overall positive market sentiment surrounding the coin.