XRP News Today: Whales Stake $960M in XRP Amid Institutional Split and $3.00 Tipping Point
XRP, the native token of Ripple, remains in the spotlight as whale and long-term investor activity continues to influence market dynamics. Whale accounts have recently accumulated 340 million XRP , valued at approximately $960 million, reflecting confidence in the token despite broader market volatility and selling pressure in September. This accumulation contrasts with institutional liquidations of $1.9 billion in XRP since July, suggesting a divergence in short-term versus long-term positioning. Over 7.84 billion XRP are currently held in whale wallets, indicating sustained interest from large investors. This trend aligns with increased institutional activity, such as Japanese firm Gumi’s planned $17 million purchase of XRP and Hyperscale Data’s intention to raise $125 million partly for XRP acquisitions.
Price action in early September has shown XRP trading within a tight $2.70–$2.83 range, with notable spikes in trading volume indicating institutional buying followed by retail profit-taking. Whale accumulation appears to have helped support the $2.70–$2.72 level, with repeated rejections at $2.83 capping the upside. The RSI and MACD indicators suggest neutral-to-bullish momentum, with the RSI hovering in the mid-50s and the MACD histogram converging toward a potential bullish crossover. Technical analysts highlight a symmetrical triangle pattern forming under $3.00, with a breakout above $3.30 potentially opening the path to $4.00 and beyond. However, a sustained close below the $2.70 support would shift focus to lower levels, such as $2.50.
Futures trading activity has also surged, with XRP futures volume on the CME Group crossing $1 billion, the fastest to reach that level. This increase signals heightened institutional interest in the token. Regulatory clarity, including the recent court dismissal of Ripple’s case with the U.S. SEC, has also contributed to growing adoption. Fifteen XRP ETF applications have been filed with the U.S. SEC, indicating increased recognition and institutional interest. Analysts like Steven McClurg from Canary Capital have noted XRP is second only to Bitcoin in terms of recognition on Wall Street, reinforcing its growing legitimacy in traditional finance.
On-chain data reveals contrasting signals. While some indicators suggest accumulation and bullish positioning, others show whale distribution activity. Analysts like Maartun highlight that XRP whales are unloading holdings during the current consolidation phase, which could signal a potential correction. Whale Flow metrics over a 30-day period show sustained selling pressure from large holders, historically a bearish sign. However, XRP’s price remains above key moving averages, including the 50-day at $3.07, which suggests short-term bullish structure is intact. The 100-day and 200-day averages provide deeper support at $2.64 and $2.47, respectively.
Looking ahead, the path for XRP will depend heavily on whether whale accumulation can continue to absorb market volatility and whether technical resistance levels hold. A clean close above $2.87 and a sustained move beyond $3.00 could lead to a test of the $3.30 structural breakout level, potentially setting the stage for a significant price increase. Conversely, a breakdown below $2.70 could expose the token to further downside risks, with key support levels at $2.50 and $2.65 acting as critical indicators for the next phase of price movement. Analysts are monitoring both on-chain and price-based signals for confirmation of a breakout or a deeper consolidation phase.
Source: [1] XRP Consolidates Below USD3 As RSI And MACD Signal Potential Breakout [2] XRP Holds $2.80 Support as Whales Accumulate More [3] XRP Whales And Futures Activity Increase Despite Recent Price Decline [4] Investors Bought the XRP Hype -- Is It Now Time to Sell the News? [5] XRP Whales Unload Holdings – Clear Distribution in Progress [6] Crypto Exchange Reveals When XRP Price Will Cross $2000 [7] XRP Price at Tipping Point – Will It Explode or Collapse?
