Ripple's Record Number of Whales Drives XRP Growth
Date: 2025-10-20 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
After several weeks of decline, XRP is showing a noticeable recovery, becoming one of the top performers among major cryptocurrencies. Analysts attribute this to the increase in the number of mid- and large-scale holders: the number of wallets with balances of 10,000 XRP and above reached a record 317,500, indicating that investors are using the recent correction to accumulate rather than sell the token.
This dynamic mirrors previous accumulation cycles observed since late 2024. Then, after XRP first surpassed the $1 mark, each decline was accompanied by new purchases. This demonstrates growing investor confidence in the Ripple ecosystem and the company's long-term strategy.
The decline in open interest in XRP futures to $3.49 billion, the lowest since June, indicates a reduction in speculative activity. Analysts note that reduced leverage and a shift to more cautious trading have historically coincided with market bottoms and subsequent price recovery.
Besides on-chain factors, Ripple's corporate initiatives are also driving positive sentiment. The company is preparing to launch a $1 billion Digital Asset Treasury (DAT), which will manage XRP and RLUSD (Ripple USD) reserves. Over the past two years, Ripple has invested over $3 billion in acquiring strategic companies—Metaco, Hidden Road, Rail, and GTreasury. These assets will form the foundation of Ripple's integrated financial infrastructure for institutional clients.
The potential approval of an XRP-based ETF by the SEC is also driving investor expectations. The increase in orders for derivatives and index products reflects growing institutional interest and the market's readiness to expand the range of token-based instruments.
Overall, the combination of a record number of large holders, reduced speculative activity, and the company's proactive steps is creating the conditions for a sustainable recovery for XRP. The token is gradually transitioning from a sell-off to an accumulation phase, while Ripple's long-term initiatives are strengthening trust in the ecosystem and supporting positive investor sentiment.
