Coinbase Watches as XRP Nears All-Time High Amid Regulatory Shifts and ETF Optimism

Ripple's XRP has surged nearly 10% in the last 24 hours, with trading volume spiking to $12 billion as investors eye a potential breakout above its $3.40 all-time high. This rally aligns with favorable U.S. crypto regulatory developments and improved macroeconomic conditions that are boosting risk assets. XRP's 37% weekly gain has outpaced Bitcoin's consolidation near $123,000, while Ethereum has also seen significant movement, breaching the $3,400 mark. Market participants attribute this momentum to growing optimism around potential XRP-related ETFs and broader regulatory clarity. As one of the leading platforms for cryptocurrency trading, Coinbase is closely monitoring these developments, which could further solidify XRP's position in the digital asset market. The current bullish trend underscores the increasing institutional and retail interest in XRP, making it a key asset to watch in the coming weeks.

XRP Nears All-Time High Amid Regulatory Shifts and ETF Optimism

Ripple's XRP surged nearly 10% in 24 hours, with trading volume spiking to $12 billion as bulls eye a breakout above its $3.40 all-time high. The rally coincides with favorable U.S. crypto regulatory developments and macroeconomic conditions boosting risk assets.

XRP's 37% weekly gain outpaces Bitcoin's consolidation near $123k, while ethereum breaches $3,400. Market participants attribute the momentum to anticipation of spot XRP ETF approvals and Ripple's expanding institutional partnerships.

Open interest and volume metrics suggest sustained buying pressure. 'This isn't just speculative trading - we're seeing real capital repositioning into altcoins,' said a Coinbase institutional trader who requested anonymity.

U.S. Marshal Service Holds Far Fewer Bitcoins Than Previously Estimated

The U.S. Marshal Service disclosed it holds 28,988.3563016 BTC, stored via Coinbase Prime, according to documents obtained through a Freedom of Information Act request. This figure is 85.6% below the widely cited estimate of 207,189 BTC, raising questions about the whereabouts of the remaining coins.

In March 2025, Crypto Czar David Sacks pegged the U.S. Bitcoin reserve at roughly 200,000 BTC. Earlier in July, the Treasury Inspector General for Tax Administration noted the U.S. held $8 billion worth of seized cryptocurrency, including Bitcoin, in December 2023—equivalent to just under 200,000 BTC at the time.

The discrepancy suggests other agencies may hold additional Bitcoin, though not all seized coins are owned by the U.S. government. The revelation comes ahead of an anticipated official audit of U.S. bitcoin holdings.

Ripple Co-Founder Moves $26M in XRP to Coinbase as Price Nears All-Time High

Ripple co-founder Chris Larsen transferred 8 million XRP ($26 million) to Coinbase this week in four separate transactions, reigniting speculation about a potential sell-off. The cryptocurrency now trades just 2% below its 2018 peak of $3.40 after rallying 34% in seven days.

Blockchain data reveals additional outflows totaling $40 million to undisclosed addresses on Thursday. This follows Larsen's January transfer of 10 million XRP ($24.2 million at the time) to the same exchange. The executive chairman's movements coincide with XRP's strongest performance since January, though Ripple declined to comment on the transactions.

As one of crypto's oldest assets, XRP's resurgence comes amid renewed institutional interest in payment-focused tokens. Market observers note the $3.40 resistance level could trigger volatile price action if breached after seven years.