12-7-2025 – XRP, the fourth-largest cryptocurrency, has soared 26% in the past week, reaching $2.80, as whale wallets holding at least 1 million tokens hit an all-time high of 2,743, according to onchain analytics platform Santiment.
This surge in large investor holdings, controlling 47.32 billion XRP tokens, signals growing confidence in the asset’s outlook, first reported by bitcoinethereumnews.com. The rally has punished short traders, with CoinGlass reporting $31.44 million in short liquidations in a single day, amplifying XRP’s upward momentum.
After consolidating between $1.90 and $2.90 for nearly 200 days, XRP’s breakout reflects renewed market enthusiasm. Santiment noted on Friday that the increasing number of whales and their growing share of the supply are “very positive” indicators for XRP’s trajectory.
This surge aligns with a broader altcoin season, as Bitcoin holds above $110,000 and Ethereum climbs nearly 17% to approach $3,000. Santiment’s data suggests that Bitcoin’s stability is encouraging traders to rotate profits into altcoins like XRP, fueling their gains.
The market’s total capitalization, per CoinMarketCap, reflects this optimism, with altcoins gaining traction after Bitcoin’s recent peak at $116,500. Analysts are watching whether XRP can sustain its momentum and challenge multi-year highs near $3.40, provided whale accumulation continues and broader market sentiment remains bullish.
