Whales Scoop Up 2.20B XRP as Price Hits $3.13 in July

• Whale wallets added XRP steadily from early to mid-July 2025.
• XRP Ledger activity continues rising, signaling broadening network usage.

Large XRP holders have accumulated billions of tokens, marking renewed interest in the asset. XRP’s price has surged above $3, echoing bullish market sentiment. The XRP Ledger has also recorded a sharp increase in user addresses this year. Meanwhile, Ripple confirmed its $125 million penalty to the SEC was settled in fiat currency.

Whale Accumulation Surges as Price Moves Higher

Crypto analyst Ali Martinez shows that whales acquired 2.20 billion XRP over the past two weeks. The chart shows a sharp increase in wallets holding between 100 million and 1 billion XRP. These wallets expanded their balances beginning early July and have continued through mid-July. At the same time, XRP’s price moved higher, suggesting coordinated accumulation.

The black line on the chart tracks XRP’s market price, while the shaded area covers whale holdings. The data indicates rising confidence among large holders, with accumulation accelerating alongside price recovery. Martinez noted that the uptick came after a brief period of price consolidation.

XRP Ledger Breaks 7.19 Million Address Mark

CryptoQuant data confirms that the number of XRP Ledger addresses has reached 7.19 million. The address count has grown steadily since late 2022, but the pace increased sharply in 2025. The trend suggests stronger network adoption and growing XRP activity.

Analysts noted that XRP recently surpassed $3 for the first time in years. The rising wallet count reflects the expanding use of the network across different user segments. Some XRP followers are now projecting a further rally, with $10 as a speculative target due to these network trends.

The combination of whale interest and new wallet creation points to growing demand. The address surge coincides with other on-chain metrics showing increased interaction across the ecosystem.

Ripple’s Penalty Paid in Fiat, Not XRP

Ripple’s $125 million penalty to the SEC was not paid in XRP, contrary to some online speculation. Legal analyst Marc Fagel clarified the payment details in a public statement on X. He confirmed that Ripple transferred the amount in fiat and placed it in escrow as directed by court order.

Fagel, a former SEC lawyer, noted that the case is progressing according to standard timelines. He said there are no deliberate delays from the judge or regulators. The clarification comes as Ripple’s lengthy legal battle nears its end.

At press time, XRP is trading at $3.13, showing a 6.99% gain in the past 24 hours. The price action reflects continued interest in the asset amid legal resolution and growing network activity.

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