XRP's price increased by 26% last week, reaching 2.80 USD due to a combination of many strong market factors and whale accumulation.
On-chain data shows whales holding over 47 billion XRP, coupled with the short squeeze event and expectations for the XRP ETF, have created strong upward pressure, pushing XRP closer to the 3 USD threshold.
MAIN CONTENT
Whales are accumulating a record with over 47 billion XRP in wallets.
Short squeeze liquidated nearly 31.4 million USD in short positions within 24 hours.
Positive developments from the altcoin season and ETF expectations are driving the XRP price.
What caused the XRP price to rise sharply in the past week?
Statistics from Santiment in 2025 show that the number of whale wallets holding over 1 million XRP has increased to 2,743, controlling a total of 47.3 billion XRP. This reflects significant confidence from leading institutional investors, contributing to the strengthening of the 4th largest asset value in the cryptocurrency market.
In addition, strong liquidation of short positions near 31.4 million USD according to CoinGlass data within 24 hours has driven the price increase. XRP's Open Interest has reached 7.2 billion USD, the highest in 6 months, nearly matching the peak of 8.3 billion USD in January, far exceeding the low of 3 billion USD in April.
"Strong accumulation from whale wallets is a very positive signal, indicating confidence and long-term prospects for XRP in the market," said Santiment CEO in July 2025.
Santiment CEO, 07/2025
What is the role of short squeeze in driving up the price of XRP?
A short squeeze occurs when many investors betting on a price decrease are liquidated due to a price increase faster than expected, creating buying pressure that drives prices higher. This is the main factor that caused XRP to surge, especially when over 31.4 million USD in positions were closed in the last 24 hours.
This phenomenon has increased buying momentum and attracted new capital flows, bringing the price close to the historical resistance zone around 2.90 USD.
How is the altcoin season affecting XRP?
The altcoin season is underway with Bitcoin hitting a record high above 116,500 USD and Ethereum rising 17.5% last week, trading around 2,960 USD. According to Santiment's report, investors are shifting profits from Bitcoin to major altcoins like XRP, creating a growth cycle for altcoins.
XRP has risen nearly 7% in the past 30 days, becoming the second-best performing cryptocurrency in the week after Ether and surpassing a market cap of 170 billion USD.
"XRP's price may stabilize around the 2.70–2.90 USD range to correct before breaking out further, which is a reasonable phase according to technical analysis," shared analyst XRPunkie in July 2025.
XRPunkie Analyst, 12/07/2025
What are the short-term and long-term prospects for XRP's price?
In the short term, if XRP maintains above the support zone of 2.60–2.65 USD, the next target is 3 USD in August. In the long term, ETF approval and continued whale accumulation could push the price up to 3.50–4 USD in Q4 2025 with the RSI index at 66 indicating significant upward potential.
Impact of rumors and ETF approval process on XRP?
The SEC has shortened the ETF approval time to 75 days. XRP futures-based ETFs are expected to appear around 14-25/7. However, the game-changing factor will be the approval of a spot ETF, creating a major breakthrough for XRP's price and liquidity.
Criteria Before April 2025 Current July 2025 Forecast Q4 2025 Whale holdings (billion XRP) ~ 40 47.3 Continuing to increase Open Interest (billion USD) 3.0 7.2 Above 8.0 XRP Price (USD) 1.90 – 2.00 2.80 3.5 – 4.0 Market Cap (billion USD) 120 – 130 170 Above 200
Frequently Asked Questions
What are the main factors driving the increase in XRP price? The main factors are whale accumulation, short squeeze, and ETF expectations that have driven the XRP price up significantly. What is a short squeeze and how does it affect XRP? A short squeeze occurs when short positions are liquidated due to a sharp price increase, further driving the XRP price up. How much XRP are whales currently holding? Whales are currently holding about 47.3 billion XRP, a record high with a continuing upward trend. How does the XRP ETF affect the market? An approved spot ETF would increase liquidity and drive the XRP price to new highs. What price can XRP reach in 2025? According to forecasts, XRP could reach 3.5–4 USD in Q4 2025 if the current trend continues.
Source: https://tintucbitcoin.com/nguyen-nhan-xrp-tang-gia-hom-nay/
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