24/7 Cryptocurrency News

XRP Whale Accumulate 20M Coins Amid Recent Dip, What’s Next?

An XRP whale has made headlines with his recent accumulation of 20 million Ripple coins. What lies ahead for Ripple & XRP?
Published by
XRP Whale Accumulate 20M Coins Amid Recent Dip, What’s Next?

Highlights

  • An XRP whale bagged 20 million coins sparking crypto market speculations.
  • The accumulation comes as XRP price recorded marginal decline and hovered around the $2.5 mark.
  • According to betting markets data, the XRP ETF is likely to launch in 2025.
  • The recent market trends hints at a bullish momentum ahead for both Ripple and XRP.

In the latest XRP news, a Ripple whale has caught the investors’ eye with his latest buying move. According to reports, the Ripple whale has accumulated 20 million coins from the Gemini exchange, sparking discussions over the potential reason behind the move. Besides, it also comes as the XRP price recorded a marginal decline recently and hovered near the $2.60 mark.

Advertisement

Ripple Whale Buys 20M Coins; Made Headlines In XRP News Thread

A Ripple whale has made headlines in the XRP news thread with his latest buying move. According to leading on-chain transaction tracker, Whale Alert data, an XRP whale has accumulated 20 million coins, valued at around $50.65 million from Gemini exchange. This move has sparked intense speculation within the XRP community.

However, the reasons behind this substantial acquisition remain unclear, fueling market discussions and theories. One possible explanation is that this could be a strategic move to tighten the supply of XRP on exchanges, potentially stirring up market demand.

However, market participants are advised to exercise caution, as this significant accumulation could lead to increased volatility due to shifting liquidity. As the situation unfolds, all eyes will be on the XRP price, waiting to see how this development impacts the cryptocurrency’s value and overall market dynamics.

Despite that, the recent developments, as discussed below, hint at a strong recovery ahead for Ripple’s native crypto.

XRP ETF Launch Speculations

The discussions over a potential XRP ETF launch in the US have fueled market optimism lately. Besides, the recent developments also indicate that the approval is likely in 2025, which could boost the crypto’s appeal to investors. Notably, many have compared this development with the BTC ETF approval, which has helped Bitcoin price reach a new ATH.

Meanwhile, the anticipation further soared as the US SEC acknowledged the third ETF filing recently. According to reports, the US SEC has acknowledged Bitwise’s XRP ETF filing recently, following the acknowledgment of Grayscale and 21Shares’ filings.

Having said that, the market anticipation soared over approval from the regulators soon. Following these recent developments, Polymarket data showed that there is a 78% chance of a “Ripple ETF” approval in 2025.

Source: Polymarket

Regulatory Factors Impact Market Sentiment

The pro-crypto sentiment in the US under President Donald Trump has further bolstered market sentiment. Besides, the close tie between the Ripple executives and the US administration has sparked discussions over a potential US XRP Reserve in the coming days.

Having said that, Donald Trump’s recent mention of Ripple and XRP on the Truth Social platform has fueled speculations. A recent Ripple price analysis hints that this development could sentiment the crypto to $100 this year.

Advertisement

What Lies Ahead For Ripple & XRP?

Amid the hovering positive sentiments in the market, XRP price today added about 1% to $2.6. Its one-day trading volume also stayed near the flatline at $4.82 billion, indicating muted activity in the market. However, the latest Ripple whale accumulation has gained notable traction from the crypto market participants.

The Relative Strength Index of the token also stayed at the 45 mark, indicating a neutral sentiment in the market. Despite that, the market participants remain optimistic over an impressive rally ahead for the asset, potentially sending it to a new ATH.

Ripple (XRP) Price

However, it’s worth noting that the crypto has been consolidating around the $2.5 mark recently. Also, it has recorded a monthly decline of 22%, falling from the $3.3 mark. Besides, in a recent analysis, market analyst CrediBULL Crypto said that the crypto might face a correction to $1.77 before a potential rebound.

Source: CrediBULL Crypto, X

So, considering all these aspects, it appears that the positive market trends could boost both Ripple and XRP’s appeal to market participants. Although concerns loom over a short-term pullback, the ongoing market trends can help trigger a massive rally in the crypto’s price ahead.

Advertisement

Share
Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Polymarket Founder Shayne Coplan Teases Potential POLY Token After $2B ICE Deal

Polymarket founder Shayne Coplan has sparked speculation about a potential native token launch following a…

October 9, 2025
  • Bitcoin News

FOMC Minutes Signal Fed Open to More Rate Cuts This Year, Bitcoin Bounces

The FOMC minutes have signaled a dovish shift from the Fed officials, who look likely…

October 9, 2025
  • 24/7 Cryptocurrency News

North Dakota To Issue ‘Roughrider’ Stablecoin Following Wyoming’s Footsteps

North Dakota is set to become the second U.S. state to issue a stablecoin, named…

October 8, 2025
  • 24/7 Cryptocurrency News

Ethena Labs and Jupiter Partner to Launch JupUSD Stablecoin on Solana

Ethena Labs reported that it has partnered with Jupiter Exchange to develop JupUSD. This is…

October 8, 2025
  • 24/7 Cryptocurrency News

BlackRock’s Bitcoin ETF Leads ETFs With $3.5B Weekly Inflows as It Eyes $100B in AUM

BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), has become the most bought exchange-traded fund…

October 8, 2025
  • 24/7 Cryptocurrency News

MetaMask Launches Hyperliquid Perpetuals In-App, Plans To Integrate Polymarket

MetaMask has officially introduced perpetuals trading on its platform, powered by Hyperliquid. Meanwhile, the crypto…

October 8, 2025