Altcoin
Ripple Whales Move Over $5 Bln Coins, What’s Happening?
XRP News: Ripple whales have once again sent shockwaves across the broader crypto market with their massive movers. On-chain data revealed by a top crypto analyst highlighted that over $5 billion worth of XRP was transferred in the past 24 hours. As a result, traders and investors weigh considerable bullishness towards the crypto, with market sentiments further uplifted due to a U.S. crypto reserve and ETF approval odds gaining weight.
XRP News: Ripple Whales Sparks Market Buzz
The latest bullish XRP news seen by traders and investors remains heightened transfers despite the broader market volatility. According to analyst Ali Martinez’s X post on March 5, over $5.37 billion worth of XRP was moved in the past 24 hours.
This massive mover by Ripple whales emerges in tandem with Donald Trump’s recent announcement to include XRP in the U.S. crypto reserve. Other crypto like Bitcoin (BTC), Solana (SOL), and Cardano (ADA) are also highly anticipated to be included in the reserve.
As an upshot, XRP transfers rose substantially amid market participants abuzz with the crypto reserve announcement.
XRP Active Addresses Spike Adding Optimism
Simultaneously, CoinGape reported that, as of early Asian hours on Wednesday, active addresses on XRP’s network also rose by a staggering 620%, from 74,589 to 462,650. This data further fell in line with the Ripple whale activity surge, underlining positive market sentiment surrounding the coin. Reportedly, the crypto even showcases the potential to flip Ethereum as new highs await amid strong market support.
XRP News: SEC Lawsuit Conclusion Looms Over The Horizon
Simultaneously, the odds of a wrap-up of the Ripple vs SEC lawsuit have also gained notable weight. Attorney Jeremy Hogan recently hinted that an early dismissal of the XRP lawsuit is possible.
Reportedly, the American blockchain company’s CEO, Brad Garlinghouse, might participate in the upcoming White House crypto summit. This endeavor has further sparked market discussions over its potential impact on the ongoing lawsuit. The U.S. SEC last held a closed-door meeting on February 27, 2025, adding a layer of intrigue among market watchers.
XRP Price Surges 6% Today
XRP price today witnessed 6% gains and rested at $2.49. The coin bottomed and peaked at $2.30 and $2.53 in the past 24 hours. Notably, the rising action falls in line with the broader crypto market trend as prices recovered, absorbing trade war tensions.
On the other hand, XRP futures OI rose nearly 7% to $3.40 billion today, emerging as another bullish news for investors, indicating rising market interest. Overall, market participants expect significant gains amid rising Ripple whale activity, investor interest, and lawsuit-related developments.
XRP ETF Bets Spike
Also, it’s worth taking into account the soaring bets of an XRP ETF approval in the pipeline. Polymarket data shows that the chances of approval hover around 78% in 2025, another bullish XRP news for investors.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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