XRP has increased by 3 % over the past 24 hours, driven by the renovation of upward feelings through the encryption market and widespread treatment.
On July 19, Blockchain Tracker Whale Alert informed a large transfer of 20.5 million XRP – more than $ 70 million at the time – from an unknown portfolio to Coinbase.
XRP futures recorded $ 11 billion with institutional stakes growing amid difficulty
this practical Speaking that the whale can prepare for profits after the last gathering of the symbol.
Historically, transportation processes to central exchanges are often interpreted as a pressure sect, especially during market rise.
However, this step has not yet affected the upward XRP momentum.
According to Beincrypto data, the distinctive symbol has not been touched for a brief period of $ 3.54, and the march extends over a week that it has witnessed is gaining 25 %. This increase brings XRP near its highest level at $ 3.84.
The gathering reflects a wider recovery in the encryption sector, as the total market value recently crosses the 4 trillion dollars.
Investor morale appears to improve with the ease of American organizational conditions, which attracts more attention to the sector.
At the same time, XRP also acquires momentum on derivative platforms and not only on the instant market.
According to Coinglass DataThe open interest in XRP Perpetual futures increased, which represents about 3.1 billion symbols in the centers to benefit.
This represents a new rise and breaks the previous 8 billion dollar peaks in late January before Donald Trump’s second presidency.
Usually, the increase in open interest, along with the growth of prices, often indicates an increase in institutional participation and confidence in the horizons of the original in the long run.
Bitget leads the futures market and occupies more than 20 % of the open centers worth $ 2.2 billion. It is worth noting that CME futures also reflect the growing institutional interest, reaching a record level of $ 630 million.
Meanwhile, this XRP growth corresponds to other first -class digital assets like Bitcoin and Ethereum. These assets attracted strong institutional attention in the derivative space over the past year.
The renewed XRP power comes in the wake of the legal Ripple solution with the US Securities and Stock Exchange Committee (SEC) and the main promotions to LEDGER XRP.
These developments have helped to develop digital assets of constant importance in an advanced market.
Disintegration
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2025-07-20 12:29:00
