XRP's Current Price Maintains at $2.80: ETF Hopefulness and Whale Amassment Bolster Bullish Trends

In the ever-evolving world of cryptocurrencies, XRP continues to hold a significant position. With a daily trading volume ranging between $4.4 and $4.9 billion, XRP remains among the most actively traded digital assets.

Recent on-chain signals have shown a gathering of movement on the XRP Ledger, with patterns reminiscent of the 2017 pre-breakout formation. This has sparked optimism among traders, who are hoping for a retest of the $3 level.

Currently, XRP trades between $2.78 and $2.86. If XRP surges past $3, momentum should increase, opening the way for a push towards $3.50 or higher. However, the resistance near $3 could determine XRP's next big move.

The potential approval of a spot XRP Exchange-Traded Fund (ETF) is a catalyst on the horizon. Industry analysts and the Federal Reserve's consideration of a potential 50 bps rate cut later this year could bring additional tailwinds for XRP. According to the latest reports, the probability of SEC approval for an XRP ETF is currently over 90%, with an expected decision and potential launch around October 2025, following recent positive regulatory developments and the settlement of Ripple's legal dispute with the SEC in August 2025.

Approval of an XRP ETF could offer institutions a regulated and accessible way to gain exposure to XRP. This could potentially drive up demand and further boost XRP's price.

Whales have been accumulating XRP, with their collective holdings growing by 340 million XRP over the past week. XRP whale holdings have reached 7.84B tokens. The ruling that XRP itself is not a security when listed on public exchanges has removed a substantial overhang.

However, lingering regulatory uncertainty in the United States still poses a factor for XRP. Despite short-term weakness, XRP remains in a consolidation phase, with its bulls defending support but losing momentum. This leaves XRP poised for either a breakout above the downtrend line or a drop below $2.35 that could extend the sell-off.

With a market capitalization near $167 billion, XRP continues to hold a prominent place in the cryptocurrency market. As we approach the anticipated approval of an XRP ETF, it will be interesting to see how this development impacts XRP's price and its position in the market.

XRP's Current Price Maintains at $2.80: ETF Hopefulness and Whale Amassment Bolster Bullish Trends