XRP Whale Holdings Hit Record High as Price Corrects After Surpassing $3.00

XRP has recently experienced a significant rally, surpassing the $3.00 mark before undergoing a slight correction. As of August 2, 2025, the token is trading at $2.92, reflecting a 3.16% increase over the past 24 hours. Despite the minor pullback, XRP's price action remains bullish, supported by a key trend line at $2.820 on the hourly chart and an ascending regression channel that traces back to its $0.86 lows. Notably, whale activity has surged, with addresses holding over 1 million XRP reaching a record high of 2,743. These large wallets now control a staggering 47.32 billion tokens, signaling strong confidence among major investors. This development underscores the growing institutional and high-net-worth interest in XRP, which could further propel its upward trajectory in the coming weeks.

XRP Corrects After Rally Above $3.00 as Whale Holdings Reach Record High

XRP trades at $2.92, up 3.16% over the past 24 hours, following a correction from its recent peak above $3.00. The token's price action remains bullish, supported by a key trend line at $2.820 on the hourly chart and an ascending regression channel dating back to its $0.86 lows.

Whale activity has surged, with addresses holding over 1 million XRP reaching a record 2,743. These wallets now control 47.32 billion tokens, signaling strong accumulation by large investors. The RSI indicator at 83.07 confirms overheated momentum, though the $2.90 support level continues to hold.

Technical analysis suggests a potential retest of the $3.00 psychological barrier in the near term. The cryptocurrency has maintained its upward trajectory since the Asian trading session opened at $2.8522, demonstrating resilience despite the recent pullback.

XRP Price Targets $4.47 in 2025 as Rally Gains Momentum

XRP has shattered its all-time high in the second half of 2025, surging 25% in a week amid soaring trading volumes. Veteran chartist Peter Brandt identifies a rare "compound fulcrum" pattern, suggesting a potential 60% rally toward $4.47 if the token holds above $1.80 support.

Whale accumulation reaches record levels, with Santiment data showing 47 billion XRP held by large investors. Glassnode's on-chain metrics place XRP in the "belief-denial" phase—a historically bullish mid-cycle indicator—as NUPL readings reflect strong conviction among holders.

The breakout coincides with growing interest in payment-focused altcoins like Remittix (RTX), now touted as a potential high-growth contender. Market structure mirrors previous bull market setups, with failed breakdowns flushing out weak hands before sustained uptrends.

Why XRP Price Is Down Today Despite Proshares ETF Launch

XRP's price retreated to $2.86 after a 27% weekly surge, failing to hold above the $3.02 resistance level. The pullback has reignited debates about market manipulation, with some analysts alleging institutional suppression of the asset.

Black Swan Capitalist's co-founder claims XRP's cross-border payment capabilities threaten traditional finance, creating incentive for price suppression. Technical charts show key support at $2.60-$2.80, while bullish traders anticipate a potential breakout.

XRP Price Today: Whales Accumulate Amid ETF Anticipation

XRP dipped 3.3% to $2.84 before recovering, with trading volume surging during the decline. Market strategists interpret this as institutional positioning rather than panic selling. "This is a shakeout, not a crash," one analyst observed, noting whale accumulation NEAR support levels.

The $2.80-$3.02 trading range reflects competing forces: profit-taking near resistance versus strategic buying at dips. Volume patterns suggest smart money rotation rather than exit, mirroring pre-catalyst behavior seen before major ETF listings. Corporate buyers appear particularly active at key support zones.

Unique regulatory challenges persist as XRP's ETF launch approaches. Unlike previous crypto ETF rollouts, this event occurs against unresolved SEC litigation and divided institutional sentiment. The coin's partial U.S. regulatory clarity creates both opportunity and uncertainty for market participants.

Ripple News: Is It the Right Time to Buy XRP?

Search interest in "Buy XRP" has surged as the XRP community anticipates the launch of the ProShares XRP Futures ETF on July 18. Despite the token's 445% rally over the past year, historical trends suggest that spikes in search volume often follow—rather than precede—major price movements, casting doubt on optimal entry timing.

Google Trends data shows global searches for "Buy XRP" at their highest level in recent months, though still below peak levels seen during past rallies. Notably, XRP's explosive gains in late 2020 were followed by diminished returns when search interest peaked—a pattern underscoring crypto's buy-the-rumor, sell-the-news dynamic.

Between mid-2022 and late 2023, XRP delivered outsized returns despite low search activity, including a Q3 2022 surge and a dramatic Q1 2023 rebound. This divergence highlights the risks of conflating retail interest with price momentum.

XRP Investment Opportunity Remains Strong Amid Institutional Growth and Regulatory Clarity

XRP surged more than 7% on July 12th, trading between $2.40 and $2.90 in mid-July 2025. Institutional interest continues to rise, with on-chain data showing strong accumulation—over 40% of XRP supply has been held for at least a year. Ripple’s acquisition of Hidden Road for $1.25 billion underscores deepening institutional integration, particularly through its On-Demand Liquidity (ODL) infrastructure.

Legal uncertainties have diminished following the dismissal of the SEC’s lawsuit in 2023. The likelihood of a U.S. spot XRP ETF approval now stands at 90–98%, with applications from Bitwise, Grayscale, and Franklin Templeton under SEC review. A decision is expected by October 2025, further solidifying XRP’s regulatory footing.