Ripple XRP/USD Ledger's user activity has increased, according to on-chain data, which shows that active addresses have risen from a three-month moving average of 40,000 to 295,000. It is the highest level of user activity XRP has experienced in 2025.
XRP grew 1.64% Tuesday to trade at $2.23.
Recently, whale wallets holding 1 million or more XRP have hit an all-time high of 2,700. The wallets contain a minimum of $2.25 million in XRP, showing increasing confidence of institutional or high-net-worth investors.
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Ripple’s recent showcase at the XRPL Apex event in Singapore may have helped in improving investor sentiment. CEO Brad Garlinghouse has projected that XRPL can absorb a significant share of SWIFT's liquidity in half a decade due to the speed and cross-border efficiency of the network.
More XRP Headlines You Should Know
- The XRP ETF from Purpose Investments has received a green light and will begin trading on the Toronto Stock Exchange under the ticker XRPP.
The fund will be offered in three varieties: a Canadian dollar-hedged unit (XRPP), a Canadian dollar non-hedged unit (XRPP.B), and a U.S. dollar unit (XRPP.U). It can be held in registered investment accounts.
Purpose Chief Investment Officer, Vlad Tasevski, said the ETF aligns with the company’s mission of making digital asset investments easy and secure. Purpose already has ETFs of other major tokens, but in the United States, the Securities and Exchange Commission (SEC) hasn't approved an XRP ETF yet. - The update appeals for the Ripple vs. SEC case have been delayed until August.
Lawyer James K. Filan reported that the SEC asked the U.S. Court of Appeals for the Second Circuit to suspend proceedings until August 15. The request comes as the two parties are pursuing an indicative ruling in the district court to resolve the case.
Ripple and the SEC filed a joint motion on June 12 to release $50 million of the $125 million fine held in escrow. If approved, it would amend the final judgment under Rule 60. There's urgency for the case's outcome because the resolution can affect the SEC’s approach to pending XRP ETF applications. Traders are watching out for Judge Analisa Torres’ response, which could come later this week.
Trading and Technicals
XRP is going through a rough time as it fell 2.22% this week and lost over 6.89% in the last month. XRP recently broke out of a bearish price channel and retested the breakout as support. The price has crossed above both short- and long-term EMAs, along with a bullish crossover between the 9-period and 21-period EMA.
Momentum indicators are mixed as the RSI is approaching overbought on the 4-hour chart, and the MACD has been increasing for almost two days. Breaking above both $2.35 and $2.50 resistance levels could take the token to $2.60.
XRP is showing signs of short-term exhaustion as RSI has been in overbought conditions, and we can observe signs of profit-taking at $2.30. If there's a pullback to the $2.20 area, it could provide a more favorable long entry.
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