The price of Ripple’s cryptocurrency XRP has surged to $2.88, its highest level since January 2018. According to analysts from Santiment, the main driver of this growth has been massive purchases by “whales” — large investors who have significantly increased their positions. This has led to a significant rise in demand, which in turn has contributed to the increase in the token’s value.
Experts have noted a noticeable increase in assets on the wallets of large investors holding between 1 million and 10 million XRP. Since November 12, 2024, the balance of these wallets has increased by 1.43 billion coins, accounting for 37.4% of the total balance of these addresses.
Sean Dawson, head of research at Derive, explained to Cointelegraph that the positive price dynamics could be tied to expectations for the approval of an XRP-based ETF in 2025. According to him, after the successful launch of such financial instruments, investor interest in the cryptocurrency could significantly increase.
JPMorgan analysts also predict that inflows into spot exchange-traded funds related to SOL and XRP may surpass those for Ethereum within six months after the launch of these funds.
Additionally, Dawson noted that with the active growth of Bitcoin, investors may begin to shift their focus to altcoins like XRP, which could further boost the coin’s growth.
The market situation is also supported by the potential resolution of the ongoing legal battle between Ripple and the SEC, which has been ongoing since late 2020. New US crypto policies in 2025 could play a decisive role in resolving this conflict.
