- Ripple whales holding 10M–100M XRP accumulated 340M tokens in two weeks, lifting their collective balance to 7.84B coins.
- CME Group reported XRP futures surpassed $1B in volume within three months, reflecting rapid institutional interest in the derivatives market.
- Corporate investors, including Gumi and Hyperscale Data, expanded exposure to XRP amid ETF filings that now exceed 15 applications with the SEC.
Large XRP investors have continued to accumulate the token despite the market’s uncertain trend. On-chain data from Santiment shows wallets holding between 10 million and 100 million XRP added 340 million coins in the past two weeks. These addresses now collectively control 7.84 billion XRP, highlighting steady confidence in the asset’s longer-term potential.
Data from CryptoQuant confirms that XRP wallets with at least 100,000 tokens have also expanded their holdings during the latest dip. This trend has coincided with higher demand for XRP futures, with CME Group reporting volumes above $1 billion. The contract reached this milestone in just three months, making it one of the fastest-growing products of its kind.
Corporations Increase Exposure to XRP
Institutional adoption has been rising since Ripple gained more regulatory clarity in the United States. Earlier this month, the U.S. Court of Appeals approved the dismissal of appeals between the Securities and Exchange Commission and Ripple Labs. Following this development, Japanese gaming company Gumi revealed plans to acquire XRP worth 2.5 billion yen, or around $17 million, for treasury purposes. In addition, Hyperscale Data disclosed it would raise up to $125 million through a share sale to allocate funds toward Bitcoin and XRP purchases.
Market attention has also shifted to ETF developments. Steven McClurg, chief executive of Canary Capital, stated that XRP is second only to Bitcoin in Wall Street recognition. At least 15 fund managers have submitted filings with the Securities and Exchange Commission to launch spot XRP ETFs. Among them, Amplify ETFs filed for a new product that would provide monthly option income strategies tied to XRP. XRP advocates have also highlighted the role of the Flare network in enabling yields for these funds if they receive regulatory approval.
Technical Indicators Signal Critical Support Levels
Despite these positive signals, XRP’s price has faced technical pressure. The XRP/USD pair has remained inside a descending triangle pattern since July 18, when it reached its all-time high. The token dropped 6.7% in the past week, retesting $2.8 support. Market analyst Peter Brandt cautioned that failure to hold above this level could push prices down toward $2.38. Still, many XRP investors are focused on the broader regulatory clarity and institutional participation as factors that could support a future breakout.
