TLDR
- XRP whales added 340M coins in 2 weeks, now holding 7.84B in total.
- XRP futures volume on CME exceeded $1B, the fastest to reach that mark.
- 15 XRP ETF applications have been filed with the U.S. SEC so far.
- Gumi plans to buy $17M in XRP, while GPUS eyes a $125M raise for crypto.
Ripple’s native token, XRP, has seen a rise in large investor activity over the past two weeks. Whale accounts are increasing their holdings even as the wider crypto market experiences short-term corrections. This accumulation trend comes during a period of market uncertainty, regulatory progress, and growing interest from traditional finance players. On-chain data reveals renewed confidence in XRP’s long-term market structure.
Whales Accumulate XRP Despite Price Weakness
On-chain metrics show that whale wallets holding between 10 million and 100 million XRP have increased their purchases in recent weeks. According to Lookonchain, these large holders added around 340 million XRP in the past two weeks. This brings their total holdings to about 7.84 billion XRP. Their actions suggest growing confidence in the asset despite recent volatility in the broader crypto market.
Data from CryptoQuant also shows that wallets with at least 100,000 XRP have been active during the dip. Many of these addresses have continued to accumulate rather than sell. The trend suggests that larger investors see value at current levels. These wallets often act ahead of retail traders and are closely watched by analysts.
At the same time, futures trading activity has surged. CME Group reported that XRP futures crossed the $1 billion mark recently. This makes it the fastest-growing product of its kind on the platform. Rising futures volume often signals rising institutional interest.
Institutional Interest and Regulatory Progress Support XRP Demand
The broader demand for XRP is also being driven by regulatory developments and new interest from corporate entities. Earlier this month, the U.S. Court of Appeals approved the joint dismissal of appeals between Ripple Labs and the U.S. SEC. This has offered some regulatory clarity, encouraging more institutions to consider XRP as a treasury asset.
Japanese gaming company Gumi announced that it plans to purchase XRP worth 2.5 billion yen, or around $17 million. The move is aimed at supporting its treasury and crypto-related strategies. In addition, Hyperscale Data (NYSE: GPUS) revealed its plan to raise up to $125 million. The firm said part of the funds would be used to buy both Bitcoin and XRP.
These announcements suggest that XRP is being considered not just by crypto-native firms but also by publicly listed companies. Regulatory clarity, combined with use-case potential, is drawing new participants to the Ripple ecosystem. The growth in ETF filings also reflects this interest.
Canary Capital CEO Steven McClurg said on August 31 that XRP ranks second only to Bitcoin in terms of recognition among Wall Street firms. So far, 15 spot XRP ETF filings have been submitted to the U.S. SEC. These filings come from multiple asset managers aiming to offer exposure to XRP through regulated investment products.
Price Structure and Technical Outlook Remain Mixed
The XRP/USD pair has been trading in a descending triangle since reaching a recent high on July 18, 2025. Over the past week, XRP has dropped 6.7%, revisiting a support zone around $2.78.
Veteran trader Peter Brandt warned this week that the structure could be “potentially very negative.” He noted that XRP may fall to $2.38 if the $2.78 support fails. Market participants are closely watching this level in the short term.
Despite the short-term bearish signals, some XRP holders believe the token is poised for a breakout. Their expectations are linked to the growing ETF activity and regulatory clarity in the U.S. Analysts are watching whether the macro bullish outlook, driven by institutional demand, can push prices out of the current range.
