XRP Rises 5% as Whales Accumulate Over 100 Million Tokens Amid Trump’s Pro-Crypto Leadership
Key Highlights:
- Over 100 million XRP accumulated by whales holding 1M–10M tokens in the last two days.
- XRP surged 5% today, trading at $3.32 with an $189 billion market cap.
- Trump’s second-term inauguration and pro-crypto stance drive market optimism.
XRP Price Surge and Whale Activity
XRP has gained over 5% today, trading at $3.32 with a trading volume of $21 billion, up 82% in the last 24 hours. Market cap now sits at $189 billion. This surge is attributed to significant whale activity, as reported by market analyst Ali Martinez, citing data from Santiment. Whales holding 1–10 million XRP have purchased over 100 million tokens in just 48 hours. 
Ripple’s XRP has demonstrated resilience following Trump’s re-election and Ripple’s partial legal victory against the SEC, marking a rapid recovery in November 2024 from $0.50 to $2.70 in less than a month.
Impact of Trump’s Pro-Crypto Stance
Donald Trump’s second-term inauguration has fueled optimism in the crypto market, as he promises to establish the US as the global crypto hub. His growing involvement in the crypto industry—including launching the TRUMP memecoin, backing the WLFI project, and acquiring ENS domains—has further boosted market sentiment.
Trump’s advocacy for crypto adoption is expected to influence not only the US but global markets, enhancing regulatory clarity and fostering blockchain innovation. Strong connections between Ripple executives and Trump’s administration add to the anticipation of further XRP gains.
XRP’s Market Prospects
XRP is approaching its all-time high of $3.40, with market analysts predicting a breakout. ProShares is also considering launching XRP-based ETFs, contingent on improved US market conditions and regulatory clarity.
A combination of Trump’s leadership, Ripple’s legal victories, increasing institutional investments, and growing whale activity positions XRP for significant growth, with traders and investors closely watching for the next major price milestone.
