XRP is back in the spotlight on July 10 after climbing to a seven-week high and trading above $2.39 for the first time since May 23. According to the latest data provided by Santiment , 2,742 wallets currently hold at least 1 million XRP each, underscoring a steady build-up in whale participation. 🐳 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 These wallets collectively hold 47.32 billion tokens, almost half of the total supply. As XRP is currently the fourth-largest cryptocurrency by market cap, traders are speculating on whether the renewed whale confidence could lead to a broader breakout. XRP price analysis At press time, XRP was trading at $2.43 with a market capitalization of $143.9 billion and a 14-day Relative Strength Index ( RSI ) reading 67.15 as per the data provided by CoinMarketCap , indicating bullish sentiment outside overbought territory. XRP 24-hour price performance. Source: CoinMarketCap At the same time, the moving average convergence divergence ( MACD ) histogram has reached +0.022976, the strongest it’s been since May 2025. The recent breakout also coincides with a 36.9% surge in 24-hour trading volume, which has now risen past $5.12 billion. In the meanwhile, institutional and regulatory developments have also been adding to the momentum. Namely, on July 10, Ripple announced a new custody partnership with BNY Mellon for its RLUSD stablecoin reserves on the XRPL Ethereum ( ETH ) Virtual Machine (EVM) sidechain. On the same day, the U.S. Securities and Exchange Commission (SEC) held a closed-door meeting discussing crypto litigation topics, which led to new speculation about the long-running Ripple vs. SEC case. Featured image via Shutterstock The post Monster 47 billion XRP is now locked appeared first on Finbold .
