
Key Insights:
Speculations around ETF approval have triggered whales into accumulation mode.
Whales have bought more than $6.5 billion worth of XRP in the first two weeks of 2025.
XRP has gained 7.5% in the last 24 hours and 45% in the last 7 days.
Strong fundamentals like cross-border payments, ODL, RWA markets, and RLUSD push XRP higher.
XRP also stands to gain from favorable crypto regulations under Donald Trump.
Amid a massive whale accumulation, XRP has increased 36% this week. In the last 24 hours, we saw XRP jump 15% with a substantial trading volume of $22.3 billion, 66% higher than the previous 24 hours.
This jump came after a massive whale surge in XRP. Last week, whales bought 1 billion XRP valued at around $2.3 billion between 8 and 10 Jan 2025. This week, whales bought another 1.4 billion XRP at a median price of $3, valued at $4.2 billion.
Amid those whales, a single whale was spotted buying 30 million XRP in a single transaction, which it then took out of the Upbit exchange.
This massive whale accumulation is based on speculation that XRP ETFs have a clear chance of approval when Trump takes office. There have been reports of Litecoin and Solana ETFs getting approved, probably within this month.
At present, the SEC has only four ETF applicants: WisdomTree, Bitwise, VanEck, and Canary Capital.
Further, after joining the office, Donald Trump might drop the cases against crypto companies. XRP, which had already won a case against the SEC, is facing a trial at the appellate courts.
SEC's decision to drop the XRP appeal could help it cross $7 within Jan 2025. A strong accumulation trend has already begun for whales and is expected to continue till the end of the month.
Trump had earlier promised to stop the SEC's anti-crypto crusade under the Biden Administration. As he steps into the office as the new president, hopes run high on his election promises.
Trump's choice of Paul Atkins as the new SEC chief and his denial of Caroline Crenshaw's reappointment as one of the SEC commissioners cleared the path for Republicans' 4:1 domination of the SEC.
Several fundamental factors, such as XRP's domination in the cross-border payment markets, Ripple's lead in the RWA markets, and the success of RLUSD as a stablecoin, support its growth.
Ripple is one of the largest projects active in the cross-border payment market. Financial giants like JP Morgan and Bank of America are currently using it for internal transactions across their global branches.
XRPL also supports Ripple's on-demand liquidity protocol.
Further, with Abrdn, Ripple is part of a 3.8 billion-pound liquidity fund, where the XRPL blockchain is used to convert part of the fund into tokens.
XRPL-based RLUSD came out to be another major successful project by Ripple, and in little over a month post-launch, it has a market cap of $72 million.
All of these projects, i.e., cross-border payment, ODL, RWA, and RLUSD, are built on the XRPL blockchain, which consumes XRP with every single transaction. Being a limited supply token, every transaction raises the value of XRP by making it more scarce.
Fundamental developments, positive regulations, ETF approval, and its domination in the RWA and payment markets could help it achieve its near and medium-term targets.
Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information but will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.