XRP News Today: XRP Surges 80% to $3 on Whale Transfers and ETF Volume Spike

Generated by AI AgentCoin World
Sunday, Jul 13, 2025 8:04 pm ET1min read
XRP
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XRP, the cryptocurrency associated with

Ripple
, experienced a significant surge, reaching nearly $3 after an 80% rally. This price increase was driven by substantial whale transfers, with a notable transaction of $90 million in
XRP
moved from the Upbit exchange to a private wallet. This transfer, rather than being a sell-off, indicated a holding strategy by the whale, suggesting confidence in the future value of XRP.

The market momentum for XRP has been bolstered by a spike in ETF volume, which surged five times above normal levels. This increased interest from traders and investors is likely a response to the anticipation of ProShares' XRP futures, which has added to the overall market sentiment. The combination of these factors has contributed to the recent rally in XRP's price, pushing it to a four-month high.

The transfer of 33 million XRP, valued at over $90 million, from Upbit to a private wallet is a clear indication of significant market activity. Whales, or large holders of cryptocurrency, often move large sums to private wallets as a strategy to hold onto their assets, anticipating further price increases. This behavior is often seen as a bullish signal, as it suggests that these large investors are confident in the long-term prospects of the cryptocurrency.

The recent surge in XRP's price can be attributed to several factors, including the whale transfers and the increased ETF volume. The market momentum has been building, with traders and investors showing renewed interest in XRP. The anticipation of ProShares' XRP futures has also played a role in driving up the price, as traders look to capitalize on potential future gains.

In summary, the recent surge in XRP's price to nearly $3 is a result of significant whale transfers, increased ETF volume, and rising market momentum. The transfer of $90 million in XRP to a private wallet indicates a holding strategy by the whale, suggesting confidence in the future value of the cryptocurrency. The market sentiment has been bolstered by the anticipation of ProShares' XRP futures, contributing to the overall rally in XRP's price.