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XRP Rises Above $3.15 on Whale Buys and ETF Rumors

Investors are betting on a July 31 SEC appeal vote to clear the way for a spot XRP ETF

Overview

  • Large wallets have accumulated more than 130 million XRP in the past 24 hours, signaling strong buy-the-dip activity.
  • Rumors that BlackRock may file for a spot XRP ETF have reignited optimism around institutional inflows, though no official proposal has been confirmed.
  • XRP derivatives volume has fallen about 37% and open interest is down nearly 6%, but long positions still heavily outweigh short bets.
  • Ripple’s RLUSD stablecoin has surpassed $530 million in assets, highlighting expanding real-world use cases within the XRP ecosystem.
  • Technical analysts point to a potential rally toward $3.82 in line with the 2.618 Fibonacci extension and XRP’s former all-time high.