XRP Surges 45% In A Week Amid Record Whale Accumulation, Speculation Trump May Include Ripple Token, Solana, USDC In Strategic Reserve

Remittance
token
XRP
pumped
more
than
45%
in
the
past
week
to
a
7-year
high
as
crypto
whales
piled
in
following
wild
speculation
yesterday
that
Donald
Trump
might
add
the
Ripple
token,
Solana,
and
USDC
to
his
proposed
strategic
crypto
reserve.

XRP
broke
above
the
$3
mark
earlier
this
week
for
the
first
time
since
2018.
It
continued
to


rise

in
the
last
24
hours,
posting
a
more
than
6%
gain
to
trade
at
$3.33
as
of
2:14
a.m.
EST.

The
crypto
has
also
become
the
third
largest
digital
asset
in
terms
of
market
cap
after
overtaking
stablecoin
Tether
(USDT)
with
a
valuation
of
around
$137.36
billion.

New
York
Post
Report

A
spike
in
the
XRP
price
yesterday
was
triggered
by
a
New
York
Post
report,
widely
dismissed
by
analysts,
that
said
Trump
is
receptive
to
the
idea
of

including
the
Ripple
token,
Solana
and
USDC
in
a
US
strategic
crypto
reserve.

This
is
a
ridiculous
idea
and
will
never
happen.

https://t.co/61E1QFKyg8

—
Quinn
Thompson
(@qthomp)

January
16,
2025

Trump
has
pledged
the
creation
of
a
”strategic
Bitcoin
reserve,”
while
Senator
Cynthia
Lummis
introduced
the
Bitcoin
Strategic
Reserve
bill
that
proposes
buying
up
to
200,000
Bitcoin
every
year
to
build
a
reserve
of
1
million
BTC.

The
crypto
market
has
also
been
buoyed
by
news
that
Trump
is
expected
to

sign
an

executive
order

to
make
digital
assets
a
US
national
priority
on
his
first
day
in
office. 

Whales
Accumulate
XRP

On-chain
intelligence
platform
Santiment
said
in
a
Jan.
14
X
post
that
wallets
holding
between
1
million
and
10
million


XRP

entered
an
“enormous
accumulation”
phase
for
the
crypto
in
the
middle
of
November
last
year,
which
continued
over
the
past
few
days.
These
wallets
now
hold
over
37%
more
XRP
coins
than
they
did
just
2
months
ago,
the
firm
added.

????????
XRP
investors
are
pleased
to
see
the
#3
market
cap
asset
reach
$2.69
today
for
the
first
time
since
December
17,
2024.
This
is
being
supported
by
continued
enormous
accumulation
from
wallets
holding
1M-10M
XRP,
who
own
over
37%
more
coins
than
they
did
2
months
ago…

pic.twitter.com/G3a3N5iSAS

—
Santiment
(@santimentfeed)

January
14,
2025

There
has
also
been
a
spike
in
XRP
transactions
worth
more
than
$100K,
Santiment
said
in
a
Jan.
16
X


post.
In
the
last
24
hours,
there
were
2,365
of
these
large
transactions
executed
within
an
8-hour
window.
According
to
the
firm,
this
is
the
highest
spike
in
$100K+
transactions
in
6
weeks.

There
has
also
been
a
surge
in
the
number
of
XRP
holders.
On-chain
data
shared
by
Santiment
shows
that
there
are
over
511,430
additional
“non-empty”
XRP
wallets
compared
to
2
months
ago.

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