Hitting a fresh 7-week high, Ripple’s native token XRP crossed above $2.39 for the first time since May 23, 2025. Tacking on Bitcoin’s $111K restoration, XRP’s price movement can be explained by its own strong foundation.
Ripple Millionaires Gulp 47.32B XRP
On July 8, 2025, crypto whales smashed a brand new record in terms of collective balances. As Ripple (XRP) climbed back to $2.39, crypto wallets holding over 1M XRP coins have soared to 2,743, cumulatively holding a gigantic 47.32 billion XRP tokens, well over $125 billion in cash.
Calculated by the blockchain analytics platform Santiment, this metric suggests long-term trust in the asset, which particularly picked up after January’s breakout moment in the Ripple vs. SEC case. With the United States Securities and Exchange Commission (SEC) now leaning towards the $150M settlement, new boundaries open up for XRP Ledger’s legislative adoption.
XRP’s Next Price Target: $7 & Beyond..
Now, crypto figures like Arthur Azizov of B2 Ventures paint a bright picture of Ripple (XRP) rallying towards $6. The venture capital founder believes that $2.34 is the critical mark for XRP’s short-term price tendencies.
Successfully holding this level would invoke a rally to $2.65, while a rally to $6 or even $7 is realistic if Ripple secures a regular banking license in the United States (USA). But that’s far from it.
Some master analysts like Gert van Legen expect XRP’s price to hit $100 in this bull cycle, especially if the 90% ETF chances come into fruition. With 11 submissions including XRP as the underlying crypto asset, most of these ETFs have high chances of approval in Q4 of 2025 due to SEC’s completely switched stance on the digital asset class.
On The Flipside
- Ripple has witnessed several setbacks in the legal field, as the courts are dragging their feet on the SEC vs. Ripple case despite the agreed $150M XRP settlement.
Why This Matters
Long-term shareholder trust is an essential trait of a successful altcoin, but it has to be backed by foundational infrastructure, the XRP Ledger in Ripple’s case, to meet the rising demand.
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People Also Ask:
XRP has recently hit a 7-week high, trading around $2.43, with some speculation about it approaching $7 in the future, though this remains unconfirmed.
There are currently 2,742 wallets holding over 1 million XRP, nearing an all-time high, with these wallets controlling nearly 47.32 billion XRP.
The rise is linked to increased whale accumulation, mounting institutional interest & positive market sentiment, though future gains are speculative.
While some analysts predict a potential rise to $7 or higher in the long term, there’s no definitive evidence it will happen soon, and it depends on market and regulatory factors.
The surge in millionaire wallets suggests strong confidence among large holders, but investors should remain cautious as the market is volatile & sometimes unpredictable.
