XRP Soars to 7-Week High Amid Record Whale Accumulation and Bullish Technical Breakout

XRP has surged to a seven-week high, reaching above $2.39, its highest price point since May 23, 2025. This remarkable rally coincides with near-record levels of whale accumulation, as evidenced by Santiment data. Currently, 2,742 wallets hold over 1 million XRP tokens each—just one wallet shy of the all-time record set earlier this week. These major investors collectively control a staggering 47.32 billion XRP, underscoring their strong conviction in Ripple's digital asset. Technical analysts are also pointing to a decisive wedge breakout pattern, signaling potential further upside for XRP. The combination of whale confidence and bullish technical indicators suggests a promising outlook for XRP in the coming weeks.

XRP Price Hits 7-Week High as Whale Accumulation Nears Record Levels

XRP surged to a seven-week peak above $2.39, marking its highest level since May 23. Santiment data reveals aggressive whale accumulation, with 2,742 wallets now holding over 1 million tokens—just one shy of Tuesday's all-time record. These major holders collectively control 47.32 billion XRP, demonstrating unwavering conviction in Ripple's digital asset.

Technical analysts highlight a decisive wedge breakout pattern, historically a precursor to significant price appreciation. The token has posted consistent gains across all timeframes—2.3% daily, 6.7% weekly, and 12.7% fortnightly—with year-to-date returns exceeding 450%.

Market observers view whale positioning as the dominant catalyst, with Santiment's metrics suggesting sustained accumulation typically precedes major price movements. The narrowing gap between current holdings and historical records signals mounting bullish pressure.

XRP Price Forecast 2025: Potential Rally to $5 and Beyond

XRP surged 6.46% to $2.58, pushing its market capitalization to $152.53 billion as investor Optimism grows. Technical indicators suggest a breakout above $2.60 could trigger a sustained rally toward $5 by 2025, with some analysts projecting highs of $8.

The cryptocurrency has demonstrated resilience amid market volatility, maintaining support above key moving averages. An RSI of 58.21 confirms persistent buying pressure, while institutional interest—including Grayscale's XRP ETF filing with the SEC—adds fundamental momentum.

Market observers note that sustained trading above the 100-day EMA could establish a new consolidation range between $2.45 and $2.55 in coming months. The $5 threshold now emerges as a psychological benchmark for 2025, contingent on broader crypto adoption and regulatory clarity.

Pro-XRP Attorney John Deaton Files Class Action Against Linqto Over Alleged Investor Fraud

Prominent XRP advocate John Deaton has initiated a class action lawsuit against investment platform Linqto and its founder William Sarris. The legal filing, submitted July 9, accuses the defendants of systematic fraud through illegal markups and deceptive sales practices involving private company shares—including Ripple stock.

The complaint alleges retail investors were charged up to 60% above actual share values, with Sarris allegedly exploiting regulatory loopholes to bypass SEC and FINRA oversight. Linqto's collapse earlier this year left numerous crypto investors facing significant losses.

Deaton's suit seeks maximum financial restitution for affected parties while preventing Linqto from negotiating reduced settlements. The case centers on Special Purpose Vehicle arrangements used to sell shares in Ripple, Kraken, and Uphold—transactions Deaton claims violated federal securities laws through improper execution.

Ripple (XRP) Surges 5.73% to $2.59 Amid Bullish Momentum and Legal Clarity

Ripple's XRP rallied to $2.59, marking a 5.73% gain in 24 hours as bullish sentiment strengthens. The cryptocurrency now flirts with its daily high of $2.60, supported by favorable technical indicators and growing institutional interest.

Legal victories against the SEC continue to fuel confidence, with market participants increasingly viewing XRP as a regulatory-compliant asset. Trading volumes from institutional investors are rising, particularly for cross-border payment solutions.

The broader crypto market recovery and dollar weakness provide additional tailwinds. Analysts note XRP's technical structure suggests sustained upward potential, with key resistance levels in focus.