XRP Whales Hit Record 2,743 as Price Surges 27% in a Week

Highlights:

• XRP whale wallets hit a record 2,743, which shows rising long-term investor confidence.
• XRP climbs 27% in a week, reaching $2.84 amid growing market momentum.
• Altcoins surge as Bitcoin stays strong, signaling the possible start of the altcoin season.

The number of large XRP holders has reached a new peak, signaling rising confidence in the token’s future. Santiment’s latest onchain data shows that wallets holding 1 million or more XRP have climbed to a record 2,743. This uptick signals rising interest from large holders, who are not only increasing in number but also boosting their XRP balances. The growing control of supply by these whales points to strong long-term confidence and hints at continued bullish momentum for the token.

📈 XRP has pumped to a high of $2.97 today, breaking out to a 4-month high. This is coinciding with a major increase in network growth (new wallets created) & rise in retail interest across social media.

🔗 Track these metrics any time on this chart: https://t.co/pk1BSHPO8G pic.twitter.com/AD8sUSUfu6

— Santiment (@santimentfeed) July 11, 2025

XRP Price Soars as Whale Activity and ETF Speculation Heat Up

Santiment said XRP is showing strength, which is a good sign for the token. They also shared that wallets with 1 million or more XRP now hold 47.32 billion tokens in total. The rise in whale wallets comes as XRP jumps 27% in just a week, now trading at $2.84, based on CoinMarketCap figures. In the last 24 hours alone, XRP has gained 9%. Data from CoinGlass also reveals that this rapid move triggered liquidations of over $31 million in short positions against the token.

XRP is among the top gainers in this week’s market rally, and it’s not unexpected. With the Ripple vs SEC case nearly settled, experts expect strong institutional interest, especially if spot XRP ETFs get approved soon. Ripple’s top executives are also known to have a good relationship with the Trump administration, including the President. Over the past few months, XRP has seen a clear rise in network activity and growing interest across social media platforms.

Altcoins Gain Momentum as Market Rally Continues

XRP’s surge is part of a wider market rally, with Bitcoin hitting fresh highs at $112,000, $116,500, and $118,856 over three days. Ethereum also jumped more than 18% this week, now trading close to $2,960. According to Santiment, this strong movement hints at the start of an altcoin season. They noted that as long as Bitcoin stays above $110,000, investors may keep rotating profits into altcoins like XRP, boosting momentum further.

Adding to this view, crypto analyst Matthew Hyland pointed out that altcoins are rallying even as Bitcoin dominance remains largely steady. “BTC dominance hasn’t even sneezed and Alts are ripping,” he wrote on X. At the time of writing, Bitcoin dominance sits at 64.46%, down just 1.53% in a week despite new all-time highs. Hyland suggested that if Bitcoin’s dominance falls further, possibly from 65% to 45%, altcoins could see even bigger gains ahead.

Analysts often track Bitcoin dominance to predict the start of altcoin season, as a drop usually means altcoins are gaining strength. However, despite Bitcoin dominance holding steady, the latest surge in altcoins suggests that new capital might be entering the broader crypto market.

BTC dominance hasnt even sneezed and Alts are ripping

What do you think happens if it drops from 65 to 45…. https://t.co/4842K3saM2

— Matthew Hyland (@MatthewHyland_) July 11, 2025