XRP, the digital asset developed by Ripple Labs, has climbed back above the $1.40 mark after rebounding sharply from support in the $1.24 to $1.26 region. Market participants have recently shifted focus to significant whale accumulation and the $1.50 resistance level as short-term technical momentum builds.
Whale accumulation intensifies
Recent analytics from prominent blockchain researcher Ali Martinez showed that large XRP holders acquired approximately 1.54 billion tokens over a 96-hour window, with an estimated value near $2.2 billion. The accumulation was detected via on-chain data provider Santiment, and pushed the combined holdings of tracked addresses to around 9.81 billion XRP.
Data highlighted a notable increase in whale purchases over the past four days, with approximately $2.2 billion in XRP moved into major wallets. This marked one of the most significant accumulation phases seen for the token in recent months.
According to data provider CryptoQuant, major wallet addresses transferred approximately 1.6 billion XRP to Binance in the last 30 days, the highest deposit volume recorded since March. Analysts cautioned that, while large exchange transfers are often interpreted as moves ahead of possible sell-offs, they can also represent strategic positioning for upcoming volatility rather than outright sales.
Ripple Labs, the company behind XRP, offers financial technology solutions focused on real-time cross-border payments and liquidity management for financial institutions.
Mini dictionary: CryptoQuant, an on-chain analytics firm, tracks and analyzes blockchain data including token movements, exchange inflows/outflows, and large holder transactions to provide market insight.
| Period | XRP Acquired by Whales | XRP Deposited to Binance |
|---|---|---|
| 96 hours | 1.54 billion | N/A |
| 30 days | N/A | 1.6 billion |
Amid these developments, market watchers noted the importance of sustained whale interest and exchange flows as possible indicators of future price direction.
Key resistance and technical outlook
Crypto trader Dom observed that XRP has successfully validated its three- and six-month volume-weighted average price (VWAP) levels as support for the first time in over a year. He highlighted the $1.50 mark as the essential short-term barrier. Should XRP turn $1.50 into support, some analysts argue that it could create room for further gains towards $1.80.
Analysts maintain that establishing $1.50 as a support level is pivotal in unlocking XRP’s next phase, which could potentially open the path to higher price regions near $1.80 or beyond.
Technical chart patterns have also drawn the attention of experienced cryptocurrency observers. Ali Martinez pointed out the emergence of an inverse head-and-shoulders setup, with a neckline just above $1.55. According to Martinez, a decisive move above this neckline may spark a 35% rally.
Meanwhile, technical analyst Crypto Patel identified resistance around $1.70 and $3, with his longer-term outlook proposing ambitious targets up to $10 and $18, contingent on XRP breaking near-term resistance first. Support on broader timeframes is noted around $1 and $0.60, with $1.28 acting as nearer support based on recent price action.
ETF timeline and trend indicators
Separately, the planned launch of Volatility Shares 3x XRP ETF, an exchange-traded fund designed to provide leveraged exposure to XRP’s price moves, has been delayed to October 18 following a regulatory filing submitted on September 18.
Technical indicators show XRP trading above its seven-day, 20-day, 50-day, and 200-day moving averages, while relative strength index (RSI) measurements sit in the low-to-mid 50s, indicating a neutral trend.
The most immediate obstacle for buyers remains the $1.45 to $1.50 resistance range. Initial support can be found at $1.36 to $1.39, just below current trading levels. Should bullish momentum succeed in breaching the resistance, traders anticipate increased volatility with the possibility of further upward momentum.
