XRP Sees Positive Whale Flows, Wallet Growth, Despite SEC Legal Challenges

Ripple’s native cryptocurrency XRP shows signs of increased institutional and long-term confidence, underlying potential market movement later this year.

• XRP’s 90-day whale flow average turned positive in May, indicating potential for a Q4 breakout.
• Large wallet holders (1M+ XRP) reached an all-time high, signifying strong long-term conviction.
• XRP’s Q2 trading volumes are the lowest since August 2020.

XRP’s Performance Resumes but Volumes Lag

XRP’s cryptocurrency price (Ticker: XRP) recently dipped after peaking at nearly $3.40 in January. While the asset traded modestly since then, every monthly close has stayed above the $2 threshold since December 2024.

However, CoinMarketCap data shows XRP’s trading volumes on Binance in the second quarter have moderated significantly, registering the lowest levels observed since August 2020.

XRP weekly chart volume data. Source: CoinMarketCap/TradingView

XRP Whale Activity Points to Breakout Setup?

Onchain analytics provider CryptoQuant indicates a notable shift in whale behavior around the beginning of May. XRP’s 90-day moving average (30DMA) of institutional trading flows shifted positive, reversing the sharply negative trend observed between January and April 2025 when the cryptocurrency experienced a prolonged downturn.

XRP Whale Flow 30DMA chart. Source: CryptoQuant

The resumption of positive whale flows suggests strengthening market sentiment. CryptoQuant analysis further revealed this bullish trend in whale flows initiated in early August 2024, eventually aligning with a previous 420% breakout for XRP during the fourth quarter.

Given the current whale capital influx surpasses levels seen last year, traders are monitoring XRP for potential new market highs in the coming quarters, possibly as early as Q4 2025.

Increasing Long-Term Holder Confidence

Analyzed large wallet data reveals growing conviction in XRP among long-term investors. Crypto wallet metrics demonstrate the number of addresses holding over 1 million XRP reached an all-time high, hitting 2,850.

XRP addresses count holding 1M+ XRP. Source: Digiconomist

“The recent settlement impasse,” noted futures trader Dom, “has positively correlated with the inflow of funds into large XRP wallets.” Furthermore, wallets holding 10,000+ XRP increased year-to-date by 6.2% to 306,000.

These figures provide promising bullish catalysts regardless of XRP’s modest price performance, showcasing sustained investor confidence.

SEC-Ripple Clash Fades, Sentiment Holds Steady

Consistent analysis from Santiment indicates XRP-related market sentiment reached a 17-day peak, attributed (in part) to the impasse concerning a $50 million settlement reached between Ripple and the U.S. Securities and Exchange Commission (SEC). This contrasts somewhat with declining sentiment levels previously observed for established cryptocurrencies like Bitcoin and Ethereum.

Bitcoin, Ether and XRP crowd sentiment chart. Source: Santiment

Despite the ongoing legal dispute dragging on for several quarters:

“The parties do not have the authority to agree not to be bound by a court’s final judgment… They have not come close to doing so here.”

District Judge Analisa Torres

In a recent development, Judge Torres dismissed a motion seeking an indicative ruling regarding the case, reiterating that private settlements cannot override the authority of a court’s final judgment.