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XRP

Here Are Top Developments Surrounding XRP Recently That You Should Be Aware Of

Scott Matherson
by Scott Matherson
2 months ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The XRP ecosystem is witnessing a flurry of developments that could significantly impact its future trajectory. From a sharp surge in new wallet addresses and XRP Open Interest to growing whale activity and a strategic partnership between Ripple and a leading banking company, these key events are ones that every investor and enthusiast should be aware of and closely monitor. 

XRP Wallet Addresses And Open Interest Skyrocket

A recent H1 2025 report by Finbold reveals that the XRP network is seeing a sharp rise in speculative interest, with over 840,000 new wallet addresses created in the first half of the year. The report shows that XRP’s total address count jumped from 6.28 million to 7.12 million between January and June 2025. 

Related Reading: Ripple To Replace SWIFT? XRP Analyst Breaks Down Recent Developments

However, during the same period, the number of unique active addresses dropped by 42.2%, falling from 39,515 to 22,743. This disconnect suggests that many of the new addresses belong to long-term holders, institutions preparing for future integration, or investors opting to hold their assets without actively interacting with the blockchain network. 

On the derivatives front, XRP’s futures Open Interest recently surged to its highest point since January. According to crypto analyst Xaif on the X social media platform, Open Interest spiked to 800 million XRP before stabilizing at around 743 million, marking a 33% increase from its low in late June. This sharp rise coincides with growing anticipation around a potential ProShares XRP ETF approval, which could reignite bullish sentiment across the market. 

XRP
Source: Xaif on X

Whales Move $500 Million In XRP 

A massive XRP transaction involving over 214.14 million tokens, valued at approximately $500 million, has caught the attention of the broader crypto market. Based on the information from WhaleAlert, a prominent crypto tracker on X, the full amount was moved by a whale in a single transaction from an anonymous long-standing but inactive wallet address to a newly active one. 

The recipient wallet, according to WhaleAlert, was created in June 2025 and had shown minimal activity until the sudden inflow. Following the $500 million worth of XRP transfer, the wallet’s balance surged to a whopping 708 million tokens, instantly positioning it among the top holders on the XRP Ledger. Meanwhile, the sender’s address still holds over a billion XRP, signaling control over a significant portion of the circulating supply. 

Ripple Teams Up With BNY Mellon 

Ripple, a crypto payments firm and the largest holder of XRP, has announced its official partnership with the Bank of New York (BNY Mellon). The company aims to serve as the primary custodian for reserves backing its new enterprise-grade stablecoin, Ripple USD (RLUSD). 

Related Reading: Top Developments On The XRP Ledger To Keep An Eye On

The collaboration marks a significant step in the crypto payments organization’s mission to rapidly advance institutional adoption of digital assets by integrating with one of the world’s oldest and most trusted financial institutions. Unlike most stablecoins that target retail use, RLUSD is designed for enterprise applications, specifically to enhance speed, reduce costs, and increase transparency. On the other hand, BNY Mellon could provide Ripple with key transaction banking capabilities to support operational scale.

XRP
XRP trading at $2.44 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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