XRP is once again capturing the spotlight among crypto investors, as a crucial on-chain signal indicates the troubled asset may be gearing up for a major surge. According to the latest figures from CryptoQuant, the 90-day moving average whale inflows for XRP turned positive in early May — marking a shift from the extended stretch of negative outflows that had been suppressing price momentum.
This reversal mirrors a setup previously seen in late 2024, when heightened whale accumulation triggered a massive 420% rally, propelling XRP to a record high of $3.40 by January. While the token’s performance has remained relatively subdued since then, the renewed spike in large transactions suggests major holders could be preparing for another upward move heading into Q4 2025.
Adding to this bullish momentum, recent wallet statistics suggest rising investor confidence. As noted by futures trader Dom, XRP addresses with balances exceeding 1 million tokens have surged to an all-time high of 2,850. Furthermore, there are already 306,000 wallets with more than 10,000 XRP, a 6.2% increase since the year began.
Even though trading activity has remained relatively quiet — with Q2 volume on Binance hitting its lowest point since August 2020 — the consistent rise in large-holder accounts highlights sustained conviction among long-term XRP supporters.
Boosting the positive outlook, data from sentiment analytics firm Santiment reveals that XRP’s social sentiment has surged to its highest point in 17 days. This rise comes amid stalled developments in the legal standoff between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
When she turned down a request for an indicative decision earlier this week, District Judge Analisa Torres reaffirmed that private agreements have no influence over the court’s jurisdiction. As highlighted by journalist Eleanor Terrett, the judge made it clear that unless both parties withdraw their respective appeals, the matter must proceed through official legal channels.
Although XRP’s price has remained largely rangebound due to lingering legal uncertainty, some market watchers believe that either regulatory clarity or extended impasse could encourage fresh buying activity—especially if Bitcoin and Ethereum continue to show weakening retail traction in the short term.
Since December 2024, XRP has maintained monthly closes above the $2 mark, and it is still holding above it now. As whale activity increases and the number of large holders expands, technical analysts are closely monitoring a familiar setup—one that preceded the previous 420% breakout.
While it’s uncertain if XRP will repeat that dramatic climb, indicators suggest the stage may be set for a potentially defining run in the latter half of 2025.
