A major player on Wall Street is significantly increasing its XRP holdings, indicating a potential shift in how institutions view Ripple and its related cryptocurrency.
A recent filing with the Securities and Exchange Commission (seen here) shows that Galaxy Digital, under the leadership of investor Mike Novogratz, possesses XRP valued at over $34 million. This makes XRP one of the company’s top crypto investments. The investment demonstrates the increasing attraction of XRP for large investors, especially given Ripple’s progress in regulatory compliance and global expansion, making it a crucial part of Galaxy’s investment strategy.
Important Update: The legal dispute between Ripple Labs and the SEC regarding XRP is now concluded.
Galaxy Digital Integrates XRP Into Key Investment Strategy
Reflecting growing confidence from institutional investors, Galaxy Digital Ltd. has reported holding $34.4 million in XRP in its Q2 2025 Form 10-Q filing with the SEC. The digital asset firm revealed that as of June 30, 2025, it possessed 15.39 million XRP tokens, making it a top-tier crypto asset in their portfolio.
Galaxy Digital Inc. disclosed a $34.4 million XRP holding in its latest SEC filing for Q2 2025. Source: @PaulGoldEagle via X
This is the first time XRP has been included in Galaxy’s investment portfolio, suggesting a deliberate expansion of its crypto holdings beyond well-known assets such as Bitcoin (BTC) and Ethereum (ETH). XRP joins a $3.56 billion portfolio including USDC, Solana (SOL), and HYPE.
Galaxy obtained its XRP tokens at an original cost of $33.6 million, indicating an average purchase price of approximately $2.18 per token. When XRP peaked at $3.66 in July, Galaxy’s XRP holdings briefly reached over $56 million, highlighting the asset’s potential for both volatility and growth. Currently, the price of XRP is around $2.93, placing Galaxy’s XRP holdings close to $45 million.
Ripple Investment Demonstrates Institutional Confidence
Beyond the allocation of XRP tokens, Galaxy also has a significant equity investment in Ripple Labs Inc., the company responsible for XRP and the XRP Ledger. The filing states that the firm has invested $97.3 million in Ripple, making it one of the top three investments exceeding 5% of Galaxy’s total assets, along with internal Galaxy-managed funds and Bitcoin ETFs.
This investment reveals Galaxy’s rising confidence in the Ripple XRP ecosystem, especially regarding its capacity to transform international payment systems and promote regulatory-compliant blockchain innovation.
“Ripple, alongside Galaxy-managed funds and Bitcoin ETFs, is among the firm’s most significant investment positions,” the company indicated in its SEC filing. This underscores Galaxy’s view of XRP’s importance in the broader financial world, particularly as traditional finance seeks tokenized, borderless alternatives.
Regulatory Landscape Influences XRP Adoption
While XRP is seeing increased adoption by large institutions, its regulatory future remains uncertain. The ongoing legal proceedings between Ripple and the SEC continue to impact investor sentiment. The SEC initiated legal action in 2020, alleging that Ripple Labs conducted $1.3 billion in unregistered securities offerings through the sale of XRP.
The SEC is scheduled to hold a closed-door meeting today at 2 PM ET, reportedly to discuss Ripple’s potential withdrawal of its appeal in the XRP case. Source: @Xaif_Crypto via X
In 2023, a U.S. District Court determined that XRP itself is not a security, but some institutional sales constituted investment contracts. The SEC appealed this decision in early 2025; however, a May settlement offer, comprising a $50 million civil fine, suggested a possible resolution. Galaxy acknowledged this regulatory situation in its filing, identifying “conflicting court rulings” as evidence of ongoing legal uncertainties in the crypto space.
This uncertainty hasn’t prevented Galaxy Digital from investing more in XRP—a show of confidence that many industry experts believe could influence future XRP price forecasts and boost long-term market confidence.
Future of XRP: Price Predictions and Market Analysis
Market analysts are generally positive about XRP’s potential. Following a significant drop from $3.32 to $2.72, XRP has rebounded to test the $3 resistance level, maintaining its position above critical technical support areas.
XRP is finding support between $3.04 and $3.02, with a possible rebound setting the stage for a move toward the $3.21 resistance level. Source: CasiTrades via X
Crypto analyst Casitrades pointed out that XRP’s ability to defend the $2.75 Fibonacci level is significant. “Looking forward, a successful reclaim of $3.21 and a solid breakthrough would confirm that the correction phase is complete, and a new upward trend is beginning,” the analyst stated. If bullish momentum returns, XRP predictions indicate potential price targets between $4.60 and $4.80.
The projected value of XRP in 2025 is strongly linked to the outcome of the Ripple SEC case, adoption rates in Asia, and increasing interest from institutional investors such as Galaxy.
Wider Implications for XRP and the Cryptocurrency Market
Galaxy Digital’s Q2 2025 report also showed a general improvement in its digital asset operations, with net income recovering to $30.7 million after a previous $295 million loss. With Bitcoin holdings increased to 17,102 BTC and XRP now a significant part of the portfolio, Galaxy appears well-positioned to benefit from the next growth phase in the cryptocurrency market.
XRP was trading at approximately $3.06, an increase of 2.53% over the last 24 hours at the time of reporting. Source: XRP Liquid Index (XRPLX) via Brave New Coin
This development also highlights the impact of Ripple XRP news—particularly concerning ETFs, regulatory decisions, and institutional acceptance—on shaping broader market trends. Galaxy’s involvement could further validate XRP’s position in the evolving world of crypto finance.