XRP has staged a powerful rally, surging to $3.26 on July 17 after posting one of its strongest single-day performances of 2025. The token soared 10.2% in the last 24 hours and is up 33.4% on the week, marking its most aggressive upside move since January.
According to CoinMarketCap data retrieved by Finbold, XRP’s market capitalization exploded from $175.07 billion to $193.08 billion in just 24 hours, an inflow of over $18 billion.
The volume spike has been equally dramatic, with 24-hour trading activity jumping 114.7% to $13.98 billion, suggesting fresh capital is entering the market with conviction.
XRP whales accumulate
The rally follows a sustained period of large-scale accumulation by XRP whales. Blockchain intelligence shared by analyst Ali Martinez shows wallets holding between 100 million and 1 billion XRP tokens (so-called “mega whales”) have added over 2.2 billion XRP to their holdings in the last two weeks. At current prices, that represents over $7.1 billion in net inflows.
Whale activity accelerated as XRP crossed the $2.95 mark, a level flagged by Martinez just before the current leg up, indicating that this aggressive buying may be far from over.
At $3.26, XRP is now trading just 1% below its yearly high of $3.29, recorded on January 18. A clean break above that level would open the door for a move toward the psychologically significant $3.50 level, or even challenge its historic 2018 all-time high of $3.84.
From a market structure standpoint, the upside breakout has been accompanied by rising volume and strengthening market dominance. XRP’s share of the total crypto market cap has risen in tandem with its price, a bullish divergence rarely seen in large-cap tokens without significant institutional involvement.
