XRP Prices Hit 7-Week Peak as This Crucial Metric Suggests Further Gains

There’s an evident uptick within the cryptocurrency market, particularly relating to altcoins, as many have marked notable good points of as much as 5% on a 24-hour scale.

Ripple’s native cross-border token is among the many examples, because the asset jumped to $2.4 for the primary time since late Could at present.

One of many potential causes behind the worth pumps previously few hours may very well be linked to US President Trump’s call for an enormous rate of interest reduce by the Federal Reserve. In spite of everything, riskier belongings like crypto ought to profit from such a financial transfer.

XRP is among the many high performers on a day by day scale, climbing by almost 4% and reaching the aforementioned seven-week peak. Furthermore, the fourth-largest cryptocurrency has gained over 25% since its month-to-month backside on the finish of June at $1.9 in the course of the Israel-Iran conflict.

In keeping with knowledge shared by Santiment, Ripple’s worth pump is also attributed to giant traders accumulating substantial parts of its provide. In actual fact, the variety of wallets holding at the very least 1,000,000 XRP reached a brand new all-time excessive yesterday at 2,743. Immediately, the quantity is simply shy of that peak, Santiment stated.

XRP’s market worth has hit a 7-week excessive, crossing above $2.39 for the primary time since Could twenty third. What to look at for are the rising quantity & collective balances of whales holding at the very least 1M $XRP.

There are presently 2,742 wallets holding at the very least 1M XRP, one off from… pic.twitter.com/UPPlSWq7TD

— Santiment (@santimentfeed) July 9, 2025

The analytics platform believes this reveals rising confidence in XRP’s future. Moreover, smaller (retail) traders may observe swimsuit by seeing this accumulation sample by the so-called ‘good cash,’ which could end in additional good points for Ripple’s token.

The XRP Military has actually been vocal about its bullish belief within the asset’s worth trajectory, and a few analysts have indicated that reclaiming the $2.38 resistance may end in a fast 12% surge to $2.60.