XRP Surges 26% Amid Whale Activity and Coinbase Speculation

XRP has experienced a significant 26% price surge over the past week, driven by heightened trading activity and a notable whale transfer to Coinbase. A single wallet moved 25.5 million XRP (valued at $73.6 million) just days before the launch of ProShares' futures XRP ETF, fueling speculation about institutional positioning. Technical analysts are drawing parallels to XRP's 2017 breakout, citing bullish patterns such as RSI crossovers and triangle consolidation, which suggest continued upward momentum. Currently, XRP is trading 14% below its recent highs, but the combination of whale movements and technical indicators has many investors anticipating a potential $3 breakout. This development underscores the growing institutional interest in XRP and its potential as a major player in the cryptocurrency market, particularly on platforms like Coinbase.

XRP Price Jumps 26% Weekly as Whale Moves in: $3 Breakout Ahead?

XRP surged 26% this week amid heightened trading activity and a massive whale transfer to Coinbase. A wallet moved 25.5 million XRP ($73.6M) just days before ProShares' futures XRP ETF launch, sparking speculation of institutional positioning.

Technical analysts highlight a bullish pattern mirroring XRP's 2017 breakout, with RSI crossovers and triangle consolidation suggesting upward momentum. The token now trades 14% below its all-time high at $2.92, with $6.2B in daily volume reflecting intense market interest.

Market observers draw parallels between current conditions and previous cycles where ETF launches acted as catalysts for parabolic moves. The combination of technical signals, whale activity, and impending institutional products creates a potent bullish thesis for XRP.

Bitcoin and Ether Rally on Renewed Hopes for Crypto Legislation

Cryptocurrencies rebounded sharply as political momentum revived for two key regulatory bills. Bitcoin gained 2% to $119,114.79 while Ether rose 3% to $3,156, erasing Tuesday's losses. The recovery followed a White House meeting that reportedly changed several GOP lawmakers' opposition to the GENIUS and CLARITY Acts.

Market participants reacted swiftly to the political developments. Circle surged 5% and Coinbase added 2%, while smaller crypto-linked stocks like BitMine and SharpLink jumped 14%. The GENIUS Act, which has already passed the Senate, WOULD establish stablecoin rules and potentially strengthen Ethereum's institutional use cases. Its companion bill, the CLARITY Act, remains pending in the House.

Analysts suggest the market overreacted to earlier legislative delays. 'This is classic buy-the-rumor, sell-the-news behavior,' said Owen Lau of Oppenheimer. The rally reflects growing institutional confidence that regulatory clarity may finally emerge for digital assets.

Circle (CRCL) Stock Surges as US House Advances Crypto Legislation

Circle's stock (CRCL) soared 22% following the US House of Representatives' move to reconsider three Republican-led crypto bills. The legislation targets stablecoin regulation, crypto market structure, and restrictions on a US CBDC. Coinbase (COIN) shares also rallied, reversing Tuesday's losses when the bills initially stalled.

Bitcoin breached $119,000, nearing $120,000, while ethereum climbed above $3,300—gains unfolding despite the unapproved bills. The proposed stablecoin framework aims to legitimize dollar-pegged tokens as mainstream payments, signaling growing institutional acceptance of crypto assets.