XRP Price Surges Today: Here’s Why You Should Care

XRP just punched through resistance levels like a hot knife through butter—but what's fueling this rally?

Regulatory tailwinds or speculative frenzy?

The SEC's sudden softening on crypto enforcement (after years of playing whack-a-mole) has traders betting big on Ripple's legal endgame. Meanwhile, cross-border payment volumes hit record highs—because nothing says 'efficiency' like banks still using a 2013 token to move money.

Whales are circling

On-chain data shows mega-wallets accumulating XRP ahead of Q3 treasury unlocks. Because nothing sparks 'organic growth' like pre-programmed liquidity dumps.

Will the rally hold? That depends on whether you believe in utility—or just the timeless crypto strategy of 'buy the rumor, sell the news.'

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.

I mentioned that $2.70-$2.90 was the zone to watch out for. So now that $XRP had touched $2.97 and rejected off the 0.786 fib at $2.90, we should stall out for a while, retest the lower support levels before we finally send higher. Exciting times ahead! https://t.co/pydkpn86UI pic.twitter.com/w6XadTDDUk

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.