XRP ($XRP) Price: Market Cap Approaches $160B in Historic Rally

TLDRXRP reached $2.74 with a 44.7% surge driven by institutional and retail buyingWisdomTree joined three other firms in filing for a spot XRP ETFActive addresses exceeded 116,000 showing strong network growthLarge wallet holders added 679.1 million XRP worth $1.66 billionTotal active wallets passed 5.5 million marking a historic milestone

The cryptocurrency market witnessed a powerful surge in XRP prices as the digital asset climbed above $2.70, recording a 44.7% increase within 24 hours. The move pushed XRP’s total market value to $156.3 billion, reinforcing its position among the top cryptocurrencies by market capitalization.

Market data reveals an extraordinary increase in trading activity, with daily volumes jumping 93.29% as both retail and institutional investors rushed to participate in the rally. The surge coincides with WisdomTree’s announcement of a spot XRP ETF filing, adding to the growing list of traditional financial institutions seeking to offer regulated XRP investment products.

Network metrics paint a picture of robust growth, with Santiment reporting more than 116,000 active wallet addresses participating in transactions. This metric serves as a key indicator of network health and user engagement, suggesting broad-based adoption rather than speculative trading activity.

Large wallet holders, often referred to as whales in the cryptocurrency space, have shown increased interest in XRP. Analytics reveal that addresses holding between 1 and 10 million XRP accumulated an additional 679.1 million tokens over three weeks, representing an investment of approximately $1.66 billion at current prices.

WisdomTree’s ETF filing marks the fourth such application submitted to the Securities and Exchange Commission, joining previous submissions from Bitwise, Canary Capital, and 21Shares. The proposed fund would trade on the CBOE BZX Exchange and initially use a cash-create mechanism, with plans to transition to in-kind creation and redemption subject to regulatory approval.

Trading patterns across major exchanges show varying regional dynamics. Coinbase reported price premiums between 3% and 13% during peak trading hours, according to CryptoQuant CEO Ki Young Ju, indicating strong demand from U.S. investors. However, Upbit, which maintains a larger XRP trading community than Binance, has not displayed similar premium pricing.

XRP Price on CoinGecko

The total number of XRP wallets containing any amount of tokens has exceeded 5.5 million, establishing a new record in the token’s eight-year history. This milestone suggests growing retail adoption and broader distribution of XRP holdings across the network.

Technical indicators present a complex picture for short-term price action. The MACD indicator shows a bearish crossover pattern, with the signal line moving above the MACD line. Additionally, the histogram has shifted into negative territory, potentially suggesting near-term consolidation.

Market sentiment metrics show a profit-to-loss ratio of 0.374, indicating more selling than buying pressure at current levels. This cautious trading behavior might present challenges for maintaining the current price momentum.

Prominent crypto market analysts have shared their perspectives on XRP’s price movement. Trading expert Raoul Pal observed similarities between current chart patterns and previous formations that led to substantial gains. Analyst CrediBULL Crypto noted the breakout’s historical context, highlighting how XRP eliminated 84 months of sideways trading in a single monthly candle.

The stablecoin holdings ratio has decreased to 53.993% of total supply, suggesting some large investors may be taking profit or reducing exposure at these levels. This metric often serves as an indicator of institutional sentiment and potential future price direction.

On-chain data shows increased network participation across all wallet sizes, from retail holders to institutional accounts. This broad-based engagement often indicates sustainable price movement rather than short-term speculation.

Price action on smaller timeframes reveals strong buying pressure during Asian trading hours, followed by continued momentum in European and American sessions. This global participation has helped maintain steady upward pressure on prices.

Trading volume distribution across exchanges shows balanced activity, with no single platform dominating the flow. This pattern typically suggests organic market movement rather than manipulation or concentrated trading activity.

At the time of writing, XRP maintains its position at $2.74, with market participants closely monitoring technical resistance levels and whale wallet movements for clues about future price direction.

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