Xrp Price Jumps 122 What's Behind The Ripple Surge From Whale Activity?

• XRP has been on a tremendous run ever since Donald Trump was declared the winner of the U.S. presidential elections. The 6th largest cryptocurrency by market managed to surpass the 1.26 mark for the first time since 2021.

• The surge in Ripple's price is due to a substantial increase in activity from large buyers, especially whales, who have reportedly accumulated nearly 1 billion XRP tokens over the last two months. This is equivalent to 18 of its circulating supply.

• Trump is expected to replace outgoing SEC chairman Gary Gensler with a pro-crypto pick, officially kickstarting the enactment of friendlier policies. This is advantageous to Ripple and XRP as it has been the biggest victim of Biden's anti-crypto stance.

• Spot XRP exchange-traded funds ETFs are also awaiting approval in the U.S. The investment products wholly backed by the Ripple token are expected to be released by July 2025.

The U.S. presidential election has been a blessing in disguise for the crypto market, especially Ripple XRP, as the world's sixth-largest cryptocurrency by market capitalization saw its price hit a major milestone, surpassing the 1.26 mark for the first time in three years. This was also the token's highest valuation since 2021.

This surge was part of the broader rebound in the crypto market, led by Bitcoin BTC, which is getting ever closer to attaining a 100,000 valuation. Most notably, the spike in Ripple's price has prompted a surge in trading activity from large buyers, particularly whales, suggesting that there is growing expectation that XRP could be on the verge of a significant bull run.

According to a report by crypto analytics firm Santiment, large wallets holding between 1 million and 100 million XRP have managed to acquire 453.3 million XRP, worth around 525 million, in just one week. These whales are now in control of about 18 of the cryptocurrency's circulating supply, its highest concentration in two months.

This influx in whale activity highlights a renewed interest in the cryptocurrency and has been instrumental in driving XRP's recent 122 price surge, further reinforcing market confidence.