April was a large month for encrypted whales and currencies, especially for those targeting Ripple XRP and Bitcoin (BTC).
In that month, Bitcoin has increased more than 90 thousand dollars, and currently trades only $ 3,000 less than a sign of $ 100,000 Data From Coingecko.
The leg appears to have come during the heavy accumulation phase that witnessed whales moving more than $ 4 billion in BTC, as Cryptomode said.
XRP was not left behind. The portfolio, which includes between 10 million and 100 million XRP, raised 900 million icons, at a little less than $ 2 billion at current prices. This regiment now controls 7.77 billion, or approximately 13 % of the circulating offer – a $ 17 billion position, according to the data shared by the famous encryption analyst Ali Martinez.
The whales bought about 900 million $ Xrp During the past month! pic.twitter.com/k3uyfmkjlq
Ali (ali_charts) May 2, 2025
XRP ETF approval on the horizon?
It is no secret for anyone that another reason behind the accumulation is the increasing possibility of ETF approval of the XRP spot in the United States
This may be the biggest catalyst here. ETF approval is estimated by this summer, according to Eric Balmonas from Bloomberg, with 85 % attached. Moreover, analysts suggest that ETF XRP can pay more than $ 8 billion in flows during the first six months of trading.
The official deadline is October, but the detail has already started. If the Securities and Stock Exchange Committee (SEC) illuminates the product, the demand may increase quickly.
Investment funds offer immediate funds for retail investors and clean and compatible slope institutions. No conservative, no custody pressures, only stocks. Grayscale, Franklin Templeton, 21shares and Wisdomtree are already lined up to compete for the first engine status.
Although XRP gained land on ETF, its mark appears to be weakening. RLUSD Stablecoin barely crossed the market value of $ 330 million. Nothing compared to any of its competitors. It is strange that Ripple is interested in buying Circle, the US dollar source (USDC), but Circle rejected the offer.
Related: The X (IMX) is not subject to change on most cryptocurrencies today: analysis
