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Sujit Kumar
Jul 12, 2025
by Sujit Kumar

XRP Price Jumps 26% on Whale Accumulation & Short Squeeze

xrp price jumps 26%
On-chain data reveals a significant driver behind XRP's current rally: an unprecedented level of accumulation by "whales." The number of wallets holding over 1 million XRP has reportedly reached a record 2,743, collectively controlling an astounding 47.3 billion XRP. Analysts view this deep conviction among top-tier holders as a highly positive signal, indicating strong institutional confidence in the asset.

Further intensifying the upward pressure is a considerable short squeeze. Nearly $31.4 million in XRP short positions were liquidated in the last 24 hours alone, forcing bearish traders to cover their bets and adding fuel to the rally. This has pushed the coin's open interest to a six-month high of $7.2 billion, nearing its January peak and more than doubling the low observed in April.

Broader Market Tailwinds and ETF Speculation

XRP's current breakout is also occurring amidst a broader resurgence in the cryptocurrency market, signaling a potential "altcoin season." Bitcoin recently set new records, topping $116,500, while Ethereum saw a healthy 17.5% gain for the week, trading near $2,960. Traders are increasingly rotating profits from Bitcoin into major altcoins, benefiting XRP.

Adding to the excitement is the mounting speculation surrounding a potential XRP spot ETF. While the market recently touched $2.97 before a slight rejection, indicating a potential retest of lower support levels, the overall sentiment remains optimistic. With sustained whale interest, bullish technical signals, and the ongoing anticipation of institutional products, XRP appears well-positioned to continue its upward trajectory, potentially aiming for a decisive breakout above $3 in the near future.

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XRP Price Jumps 26% on Whale Accumulation & Short Squeeze
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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