1. Ripple Whales Activity
2. Impact on XRP Price
3. Growth in XRP Derivatives Trading Volume

Ripple whales recently acquired over 380 million XRP tokens valued at approximately $228 million, according to a post by Ali Charts.

Ripple Whales Activity

This accumulation points to increased interest despite Ripple’s ongoing legal disputes with the SEC. Furthermore, recent transactions from a wallet linked to Ripple show significant transfers to Bitso, adding to speculation about the coin’s future moves.

Impact on XRP Price

Over the past week, XRP’s price surged by 8.40%, driven by whale activity. One large Ripple-linked wallet sent 100 million XRP to Bitso, worth $57.92 million.

Growth in XRP Derivatives Trading Volume

XRP derivatives trading volume increased by 25.67%, with rising open interest and dominant long positions across major exchanges.

These developments could indicate that XRP is poised for a breakout, despite legal challenges and continued large-scale capital activity.