TLDR
- XRP price traded around $2.44, up 3.36% in 24 hours after completing an ABC corrective pattern that may signal the end of its downtrend
- CoinShares filed for a spot XRP ETF on Nasdaq, though SEC has delayed decisions on XRP ETF applications until late 2025
- The number of wallets holding at least 10,000 XRP tokens reached a record high of 317,500, showing a 1.8% increase over the past month
- Analysts identified $3.25 as a critical resistance level, with a Fibonacci extension target of $6.20 if XRP breaks above and holds that price
- Ripple acquired GTreasury for $1 billion, gaining access to treasury management software used by over 1,000 corporate clients across 160 countries
The XRP market showed signs of recovery this week after experiencing strong bearish pressure. The token traded around $2.44 at press time, marking a 3.36% gain over 24 hours and 4.97% over the past week.
Over the past month, XRP fell roughly 18.4% from recent highs. That decline left the token near the midpoint of its recent trading range.
Traders watched the market compress inside a narrowing range for several weeks. Analysts said the structure resembled an ABC corrective pattern, where a completed “C” leg often marks the end of a downswing.
Analyst Mikybull stated the multi-week chart completed that “C” leg. He added that price action reclaimed and held the $2.10 area.
The compression created what some traders call stored energy. A confirmed break often releases that energy quickly.
Traders focused on $3.25 as the first major pivot point. A daily close above that level would mark a clean higher high.
Higher highs and higher lows define an uptrend. That basic rule guided many trend-following strategies.
Mikybull pointed to a Fibonacci target near $6.20. A Fibonacci extension estimates potential legs after a breakout.
The path to $6.20 relied on structure rather than speculation. Structure meant higher highs, higher lows, and strong closes.
Record Number of Large Holders Emerge
On-chain data revealed that XRP’s holder base grew despite recent price weakness. The number of wallets holding at least 10,000 tokens reached an all-time high of approximately 317,500.
Data from Santiment showed the network added roughly 1.8% more wallets holding 10,000 or more tokens in just 30 days. The upward slope of this metric remained consistent throughout 2025.
The increase in mid-sized and large wallet count showed that many investors took advantage of lower prices. They strengthened their holdings rather than selling during the downturn.
XRP hovered around the $2.35 range in recent trading. The growing base of committed holders may support the token’s value in coming weeks.
If bullish on-chain sentiment translated into consistent buy pressure, XRP could extend its rebound. Some analysts suggested a target of at least $2.8 before the end of the week.
Institutional Developments Add Support
CoinShares filed for a spot XRP ETF on Nasdaq. That filing might permit institutions to access XRP in regulated form.
The SEC delayed decisions on XRP ETF applications. Deadlines moved deeper into late 2025 for CoinShares and 21Shares.
These ETF filings offered promise but not certainty. If large capital entered through approved ETFs, it could counter bearish pressure.
Ripple Labs announced the acquisition of GTreasury for $1 billion. This marked Ripple’s third-biggest deal in 2025.
The deal brought GTreasury’s treasury management software into Ripple’s infrastructure suite. GTreasury serves over 1,000 customers across about 160 countries.
The company has more than 40 years of experience in corporate treasury operations. The move gave Ripple immediate access to the multi-trillion-dollar corporate treasury market.
Reports suggested Ripple planned to raise $1 billion to build an XRP treasury. The acquisition placed Ripple in front of large enterprise clients previously outside its direct reach.
At the time of writing, XRP was trading at $2.35.
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