XRP Price Hits $3 Amid Increased Whale Activity as Crypto Week in D.C Could Push it to $3.50

Highlights:

• XRP price has surged over 30% in the past month, with a notable 6% increase to $2.97.
• Over 2,700 wallets now contain at least 1 million XRP each, holding a total of more than 47 billion tokens. 
•  XRP’s open interest has experienced significant growth, further reflecting heightened market activity. 

The cryptocurrency market is heating up, and XRP has broken out, hitting a daily high of $3 as of 14 July. Its daily trading volume has hit 63%, indicating heightened market activity. XRP has increased by over 30% in the past month and 6% in a single day, signalling increased investor confidence. Meanwhile, more than 2,700 wallets hold at least 1 million XRP, and the total number of such wallets contains just over 47 billion tokens. The accumulating position of large holders in Ripple (XRP) is an unprecedented positive sign of trust in the coin.

🔥 UPDATE: whale alert – Over 2,700 wallets now hold at least 1 million $XRP each, controlling more than 47 billion tokens. This record accumulation by large holders reflects growing market confidence in @Ripple pic.twitter.com/eXt0h6Dx1h

— PaulBarron (@paulbarron) July 14, 2025

New Legislation Horizons Await Ripple: Crypto Week In Washington D.C.

According to Kyle Doope, the regulatory environment is intensifying in Washington, D.C., as three major bills have been introduced in the House. The bills are collectively referred to as Crypto Week and may determine how the U.S. regulates cryptocurrency. The most prominent ones are the CLARITY Act, which aims to define the specifics of the SEC and CFTC’s roles in regulating cryptocurrencies. The Anti-CBDC Surveillance Act, designed to prevent the creation of a central bank digital currency (CBDC). 

Crypto’s big D.C. moment 🇺🇸

Three huge bills hit the House this week:

A. Who’s the crypto cop – SEC or CFTC?
B. No to a surveillance coin – kill the digital dollar plan.
C. Real stablecoin rules at last.

Not just headlines, this stuff shapes the next decade.
Eyes up. pic.twitter.com/wVKrcQ8r6X

— Kyledoops (@kyledoops) July 14, 2025

These bills may have major consequences on Ripple and its native token. These bills, however, could help clarify the status of XRP, as Ripple remains under regulatory investigation, particularly by the SEC. It is observed that, should the bills pass, they have the potential to bring about more regulatory clarity, which would be beneficial for projects such as Ripple that are currently in the crosshairs of regulatory ambiguity.

XRP Price Breaks to $3 as OI and Volume Spike

The recent high of the XRP price at $3 is a significant achievement. CoinGlass data on liquidation levels confirms a bullish period for XRP, supporting a positive outlook towards the cryptocurrency.

As the liquidity map provides substantial support at the $2.97 level, the price rise of XRP is also accompanied by an equally high increase in long positions. This further reinforces the upward movement in the XRP market. Technical signals and the chart patterns indicate that the XRP market has the potential to extend its bullish momentum. As evidenced in the XRP/USD daily chart, XRP is on a solid bullish trend. The bulls have established strong support at $2.26 and $2.37, reinforcing the bullish grip. 

The Relative Strength Index (RSI) is currently at 83.94. This raises a warning for traders, as they may face an eventual correction, given that the RSI is in overbought territory. Notably, the MACD maintains a buy signal, advising traders to purchase additional Ripple tokens. 

Can XRP Price Reach $4?

The XRP market is oozing with bullish signals, as the bulls have put their best foot forward. However, the overbought conditions signal a potential retracement to $2.83. This healthy correction will allow the bulls to sweep through liquidity. On the upside, if the $2.83 support zone holds and the bullish signals from ‘crypto week’ persist, the XRP price could rally to $3.5-$4. In the meantime, caution is advised, as overbought conditions are looming in the market.