XRP is drawing renewed attention from crypto investors due to changes in key market metrics, suggesting the token may be poised for significant growth. Increased whale activity and positive social sentiments are key factors supporting this trend.
Increase in XRP Whale Activity
Recent data from CryptoQuant indicates that XRP's 90-day moving average whale flows turned positive at the beginning of May. This trend reversal followed several months of negative outflows that had constrained price movements.
Growth of Large XRP Wallets
According to trader Dom, the number of XRP wallets holding over 1 million tokens has reached a record high of 2,850. Additionally, wallets holding more than 10,000 XRP have increased by 6.2% year-to-date, totaling 306,000. This demonstrates investor confidence in the long term despite subdued trading volumes.
Social Sentiments and Ripple's Legal Situation
Positive market sentiment is further supported by data from Santiment, reporting a 17-day high in social sentiment for XRP. This uptick coincides with stalled progress in the ongoing legal battle between Ripple Labs and the SEC, as Judge Analisa Torres denied a motion for an indicative ruling.
Currently, XRP trades above the $2 mark, maintaining stability. Increased whale activity and growing large wallet counts create a potential scenario for growth in the second half of 2025, generating interest among analysts and investors.
