Over 2,700 wallets now hold more than 47 billion XRP as the asset reaches its highest price in over seven weeks. XRP is currently trading at $2.49 , reflecting a 4.18% increase in the past 24 hours and a 9.95% gain over the past week. With a market capitalization of approximately $143.84 billion, XRP remains the fourth-largest cryptocurrency in the market. Whale Activity Signals Long-Term Confidence Recent on-chain data from Santiment shows that 2,742 wallets now hold at least one million XRP each. This is just one wallet short of the all-time high recorded the previous day. Together, these addresses control about 47.32 billion XRP, signaling renewed long-term interest from large-scale investors. The increase in whale activity coincides with expectations around key regulatory decisions that could reshape the asset’s trajectory in the months ahead. XRP's market value has hit a 7-week high, crossing above $2.39 for the first time since May 23rd. What to watch for are the rising number & collective balances of whales holding at least 1M $XRP . There are currently 2,742 wallets holding at least 1M XRP, one off from… pic.twitter.com/UPPlSWq7TD — Santiment (@santimentfeed) July 9, 2025 Several XRP-related exchange-traded fund applications are currently awaiting review by the United States Securities and Exchange Commission. The first decision is expected on July 14, when ProShares plans to launch three XRP futures ETFs. Turtle Capital is also preparing to introduce a leveraged XRP fund on July 21, pending regulatory clearance. On the same date, Volatility Shares intends to roll out two additional futures-based XRP funds. Another proposal, the REX-Osprey XRP ETF, is scheduled for a potential launch on July 25, provided it receives SEC approval. Spot ETF Applications and Legal Developments In addition to the futures products, the SEC is reviewing more than ten spot XRP ETF applications. Final decisions on these filings are expected in October. If approved, these products could significantly increase institutional access to XRP and drive further demand in the broader market. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Meanwhile, developments in the ongoing legal case between Ripple and the SEC remain a major influence on investor sentiment. A full dismissal of the case would likely boost confidence in XRP and open the door to wider adoption. Until a resolution is reached, however, legal uncertainty will continue to play a role in shaping market behavior. Altogether, the combination of rising whale accumulation, pending ETF decisions, and potential legal outcomes has placed XRP in a critical position. While market participants remain optimistic, much of XRP’s near-term direction will depend on how these events unfold in the coming weeks. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Whales Are Positioning Themselves Ahead of Key ETF Ruling. Here’s The Latest appeared first on Times Tabloid .