In a remarkable development for the XRP ecosystem, the number of whale wallets holding at least 1 million XRP tokens has reached an all-time high of over 2,700, marking the highest level in the cryptocurrency's 12-year history. This milestone, reported by blockchain analytics firm Santiment, is being interpreted as a strong bullish indicator for XRP's price trajectory. The surge in whale holdings coincides with a dramatic increase in network activity, with daily active XRP addresses averaging 295,000 over the past week—a sevenfold jump from the typical 35,000-40,000 range. This combination of growing institutional interest and heightened network usage suggests mounting confidence in XRP's long-term potential. As of June 2025, these developments paint an optimistic picture for XRP's market position, with the increased whale activity potentially foreshadowing significant price movements in the coming months.
XRP Whale Holdings Reach Record High Amid Growing Market Confidence
XRP has achieved a significant milestone with over 2,700 whale wallets now holding at least 1 million tokens, the highest number in its 12-year history. Blockchain analytics firm Santiment highlights this surge as a bullish signal for the cryptocurrency's price trajectory.
Network activity has also spiked, with daily active XRP addresses averaging 295,000 over the past week—a sevenfold increase from the typical 35,000-40,000 range observed in previous months. The payments-focused cryptocurrency, utilized by Ripple for cross-border transactions, currently trades at $2.23, reflecting a 7% year-to-date gain.
XRP Outperforms Flat Crypto Market with 3.24% Surge Amid ETF Launch and Whale Activity
XRP defied stagnant market conditions with a 3.24% rally to $2.24, contrasting sharply with the crypto sector's marginal 0.13% gain. The token's breakout coincides with Purpose Investments' launch of Canada's first spot XRP ETF on the Toronto Stock Exchange, providing tax-advantaged exposure through XRPP, XRPP.B, and XRPP.U tickers.
On-chain metrics reveal surging adoption, with daily active addresses exploding to 295,000 from a 35,000-40,000 baseline. Whale accumulation patterns show institutional confidence, with over 2,700 large transactions recorded. This activity persists despite ongoing legal uncertainty from Ripple's SEC litigation.
SEC and Ripple Seek Court Pause Amid Potential Settlement
The U.S. Securities and Exchange Commission and Ripple Labs have jointly requested the Second Circuit Court of Appeals to maintain a hold on their ongoing legal battle. This procedural pause comes as both parties await a district court's indicative ruling on a proposed settlement that could reshape the case's outcome.
At stake is a potential modification of last year's $125 million penalty against Ripple and the dissolution of an existing injunction. Defense attorney James K. Filan revealed the development through social media, noting the SEC's commitment to file a status update by August 15, 2025.
The motion follows April's temporary stay, granted when parties first signaled possible resolution. Market observers view the settlement framework—which includes penalty adjustments and injunction removal—as a potential watershed moment for regulatory clarity surrounding digital assets.
XRP vs SEC Case Nears Potential Resolution: Settlement Possible Within Weeks
The prolonged legal battle between Ripple and the U.S. Securities and Exchange Commission may reach its conclusion within weeks. Both parties have jointly requested the Second Circuit Court to pause appeals pending a district court ruling, with the SEC required to file a status update by August 15.
Legal experts suggest Judge Analisa Torres could rule imminently on the refiled motion to lift injunction and reduce penalties. Her previous seven-day turnaround on similar motions indicates a decision may come as early as this week. The outcome hinges on whether the court accepts the proposed settlement terms.
Market participants closely monitor developments, as resolution of this landmark case could bring regulatory clarity to XRP and set precedent for other crypto assets. Former SEC official Marc Fagel cautions that judicial timelines remain unpredictable, noting the court's crowded docket.
XRP Price Eyes $2.75 Breakout as Whale Accumulation and Legal Clarity Fuel Rally
XRP is staging a comeback, outpacing rivals like Solana and Dogecoin with a 3.09% surge as Ripple whales aggressively accumulate. The cryptocurrency now flirts with June highs at $2.40, with technical patterns suggesting a potential breakout toward $2.75—a critical liquidation threshold that could springboard prices to $3.50 if conquered.
Trading volumes tell the story: a 276% explosion to $9.6 billion across exchanges signals mounting conviction. This rally coincides with the winding down of Ripple's multi-year legal battle, removing a key overhang that had suppressed institutional participation.
While still down 2% weekly, XRP's reversal from $2.10 demonstrates resilience in a crypto market now valued at $3.45 trillion. Bitcoin's stabilization provides tailwinds, but XRP's outperformance hints at asset-specific catalysts. Market structure appears to favor bulls, with June 16's $0.30 surge establishing higher lows.
Why the XRP Lawsuit Is Stalled Until August 15?
The legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission has entered another holding pattern. Both parties have jointly requested the U.S. Court of Appeals for the Second Circuit to suspend proceedings until mid-August, pushing any potential resolution into late summer.
At the heart of the delay lies a concerted effort to negotiate a settlement. April saw initial attempts to modify the court's earlier judgment—specifically seeking to reduce Ripple's penalty from $125 million to $50 million while lifting the permanent injunction. These efforts collapsed in May when Judge Analisa Torres rejected the motion for failing to demonstrate exceptional circumstances.
Undeterred, fresh motions filed in June propose dissolving the injunction and revising penalty terms. The court's silence on these latest submissions leaves the cryptocurrency market in suspense, with XRP's regulatory clarity hanging in the balance.
