XRP Token Surges as Large Investors Accumulate $3.8B in Holdings
The XRP token, powering the XRP Ledger network and closely tied to Ripple, skyrocketed to a six-year high this week, briefly surpassing $3 during early U.S. trading hours—a level unseen since January 2018. This surge coincided with Bitcoin ([BTC](https://www.okx.com/join/BLOCKSTAR)) breaking the $100,000 milestone, fueled by optimistic market reactions to the latest U.S. CPI inflation report.
Key Drivers Behind XRP's Rally
- Spot XRP ETF Speculation: Growing anticipation of a potential spot XRP ETF has significantly contributed to bullish sentiment. Ripple President Monica Long recently hinted at an imminent approval, citing accelerated regulatory processes under the new administration.
- Ripple’s Expanding Ecosystem: The launch of Ripple’s stablecoin (RLUSD) and strategic partnerships have bolstered confidence in XRP’s utility.
- Regulatory Clarity: Expectations of crypto-friendly policies and a resolution to Ripple’s prolonged legal battle with the SEC have added momentum.
Market Performance Highlights
- XRP Price: Currently trading at $2.95, up 11% in 24 hours—outpacing Bitcoin’s 3.6% gain and the CoinDesk 20 Index’s 6.7% rise.
- Year-to-Date Growth: A staggering 488% increase since the U.S. election, reclaiming its position as the third-largest cryptocurrency by market cap ($170B), surpassing Tether’s USDT.
- Inflation-Adjusted Targets: Analysts suggest XRP needs to exceed $4.24 to set a new real all-time high, adjusting for inflation since 2018.
Large Holder Accumulation Signals Confidence
Data from Santiment reveals addresses holding 1M–10M XRP have accumulated 1.4B tokens (worth ~$3.8B) since mid-November, indicating strong institutional interest even during price consolidation phases.
👉 Explore how XRP’s rally compares to other top cryptocurrencies
FAQ
Q: What caused XRP’s sudden price surge?
A: A mix of ETF speculation, Ripple’s ecosystem growth, and regulatory optimism drove demand.
Q: Could XRP set a new all-time high soon?
A: Yes, if it sustains momentum above $3.4 (2018 peak) and adjusts for inflation (~$4.24).
Q: How are large investors influencing XRP’s price?
A: Accumulation by whale addresses ($3.8B since November) suggests long-term bullish sentiment.
Q: Is XRP a good investment compared to BTC?
A: While BTC remains the market leader, XRP’s unique use cases and regulatory progress offer competitive potential.
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