XRP has surged to a 7-week high of $2.43 driven by whale accumulation and anticipation for XRP ETF approvals in July.
2,742 whale wallets holding 1 million XRP tokens each now possess a total of 47.32 billion XRP, indicating growing long-term confidence in the digital asset.
Multiple XRP ETF approvals are expected in July, with ProShares, Turtle Capital, and Volatility Shares planning to launch various XRP-related ETFs.
The outcome of the XRP ETF approvals and the Ripple-SEC lawsuit could have a significant impact on institutional adoption and XRP's price trajectory.