Ripple's XRP Sees 5% Surge as Whales Invest Heavily in Crypto

Author: Evelyn Baker Updated: 10-02-2025 12:12 AM

XRP's Remarkable Market Surge

XRP (CRYPTO: XRP) has recently caught the spotlight as it experienced impressive momentum amid a general upswing in the cryptocurrency market. This third-largest cryptocurrency by market capitalization saw a remarkable increase of more than 5% within just 24 hours.

Steady Climb in Trading Volume

The trading volume for XRP also witnessed a significant spike, rising by 36.65% to reach approximately $6.63 billion as traders responded enthusiastically to the price surge. This enthusiastic trading activity contributed to XRP's resurgence, erasing prior losses and positioning it 2.53% higher over the past week.

Open Interest on the Rise

In addition to the price and trading volume increases, XRP's open interest experienced a notable boost, increasing by 6.73% to reach $7.93 billion over the last 24 hours. Data indicates that the majority of Binance traders holding open XRP positions are currently optimistic, signaling a strong bullish sentiment.

Whale Activity Influences Price Movements

Large investors, commonly referred to as whales, have significantly impacted the market dynamics recently. Analysts highlight that these whales acquired around 250 million XRP, translating to an approximate value of $742.50 million, over the last 48 hours. This surge in investment activity from heavyweight players may be a crucial driving force behind XRP's price momentum.

Market Sentiment and Future Expectations

As XRP trades at around $2.97, which reflects a 5.50% increase in the last 24 hours, market participants are eager to see how this momentum will sustain in the following days. The intent of traders and the overall market climate will play a pivotal role in determining XRP's future price trajectory.

Frequently Asked Questions

What caused the recent surge in XRP's price?

The surge in XRP's price can be attributed to a broader rally in the cryptocurrency market, increased trading volume, and significant whale investment activity.

How much trading volume did XRP experience?

XRP's trading volume jumped 36.65%, reaching about $6.63 billion, reflecting high trader engagement.

What is market open interest?

Market open interest represents the total number of outstanding derivative contracts, indicating the level of investor interest and engagement in the market.

What's the significance of whale activity in cryptocurrency?

Whale activity can significantly influence market trends, as large purchases or sales can lead to price fluctuations and shifts in market sentiment.

Where can I find the latest XRP trading data?

Real-time trading data for XRP can generally be found on various cryptocurrency exchanges and financial data platforms dedicated to cryptocurrency analysis.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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