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- Sohrab Khawas
Sohrab Khawas
Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
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Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Jul 12, 2025 06:25 UTC
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Why is XRP Price Up Today?
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XRP $ 2.78 (7.57%) 
Whale Confidence Grows: 47.3B XRP now held by whales, with record 2,743 wallets holding over 1M XRP, signaling strong institutional backing.
ETF Speculation & Squeeze: Short liquidations hit $31.4M as ETF approval buzz fuels price action; XRP nears $3 breakout level. Ask ChatGPT
XRP’s price has surged 26% this week, reaching $2.80, driven by a combination of powerful market catalysts. On-chain data reveals that whales now hold over 47 billion XRP, signaling strong institutional confidence.
This accumulation, paired with a major short squeeze that liquidated millions in bearish bets, has intensified upward pressure. Additionally, growing speculation around a potential XRP spot ETF has fueled investor excitement, pushing the token closer to a breakout above $3.
What is Driving XRP Price Surge Today?
Whale Accumulation Reaches New Peaks
According to on-chain data from Santiment, the number of wallets holding over 1 million XRP has reached a record 2,743. These whales now control a combined 47.3 billion XRP. Santiment calls this trend a very positive sign for the fourth-largest crypto asset, reflecting deeper conviction among top-tier holders.
Short Squeeze Pushes Price Higher
As XRP pushed higher, nearly $31.4 million in short positions were liquidated in the last 24 hours alone. With bears getting squeezed out, momentum accelerated. The coin’s open interest now stands at $7.2 billion, its highest in six months and inching closer to the January peak of $8.3 billion. That’s more than double the $3 billion low seen in April, according to CoinGlass.
Altcoin Season Heats Up
This XRP breakout mirrors broader market excitement. Bitcoin recently smashed records, topping $116,500, while Ethereum gained 17.5 percent on the week, trading near $2,960. Santiment confirms the altcoin season is underway, with traders rotating profits from Bitcoin into major altcoins like XRP.
XRP has gained nearly 7% over the past 30 days, steadily building strength since mid-June. It now ranks as the second-best performer this week after Ether. Recently, XRP surpassed a $170 billion market cap. Analysts believe that if XRP clears the $2.90 barrier, a move to $3 is likely. Despite its rally, XRP still trades 18% below its 2018 all-time high, which it nearly reclaimed in January.
Short and Long-Term Outlook
In the near term, if momentum continues and XRP holds above $2.60–$2.65, analysts see $3 as an achievable target by August. Long term, a successful XRP ETF approval combined with sustained whale activity could push the token to $3.50–$4 by Q4 2025. With RSI near 66, technicals still leave room for upside.
ETF Buzz Adds Fuel
The SEC has fast-tracked ETF reviews, cutting wait times to just 75 days. Futures-based XRP ETFs are expected between July 14 and 25, but the real catalyst would be a spot ETF approval. If that happens, it could change everything for XRP’s future.
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FAQs
As of July 12, 2025, XRP is trading around $2.80, up over 8% in the last 24 hours. It has seen a 26% surge this week, reaching its highest levels since late May.
XRP’s all-time high is $3.40 (from January 2018). While it has shown strong momentum, some analysts predict it could reach $3.00 by August. A quick move to ATH in July is possible but depends on sustained bullish catalysts.
Analysts project XRP could reach $3.50-$4 by Q4 2025, especially with a spot ETF approval. Some more bullish forecasts even suggest $5-$8 by year-end, driven by increased adoption and regulatory clarity.
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