Large XRP holders accumulated more than 470 million tokens valued at approximately $724 million over a five-day period, according to on-chain data. Whale balances rose from approximately 12.37 billion to 12.80 billion XRP during this timeframe.
XRP traded near $1.55 at the time of reporting, having recovered roughly 28% from the $1.25 level and recently reaching a local high near $1.58.
Institutional Flows Continue
Institutional demand has supported the asset through U.S. spot XRP ETFs, which attracted $75.59 million during the week ending September 25. Cumulative net inflows for these products reached $1.79 billion, with total net assets near $1.77 billion.
The ETFs recorded their 11th consecutive week of net positive inflows, a streak beginning with the week of July 17 and continuing through September 25. Bitwise's XRP ETF has been identified as a key driver of recent activity.
Technical Levels in Focus
An inverse head-and-shoulders pattern has formed on XRP's daily chart, with its neckline positioned near the $1.60 resistance level. A confirmed move above this level could activate a measured target near $2, representing approximately 30% upside from current levels.
Support levels include $1.53, $1.50, $1.46, and $1.32 in case of deeper corrections. Technical analysts have also noted an RSI setup that has preceded significant advances historically, though confirmation requires the indicator to reclaim its key moving average.
