XRP’s price increased by 12% largely due to significant accumulation among whales and speculation regarding a potential exchange-traded fund (ETF) in the US. Analysts have noted this uptick reflects growing Optimism in the crypto market.

Recent data indicates that whales holding between 1 million and 10 million XRP tokens have accumulated 1.43 billion tokens since November 2024, marking a notable increase in their holdings as these investors respond to market conditions.

Experts project that the ongoing bullish sentiment around XRP is expected to continue, possibly driving the price higher, especially if positive developments regarding XRP’s legal challenges with the SEC occur within the year.