XRP price squeezed near $1.60 as ETFs and whale buying drive rally

XRP has risen 15.92% over the past week, trading around $1.54 and testing the $1.55‑$1.60 resistance zone. The move is supported by fresh inflows into U.S. spot XRP ETFs and significant accumulation by large holders.

ETF inflows boost demand

U.S. spot XRP exchange‑traded funds recorded a daily net inflow of $14.89 million, bringing cumulative net inflows to roughly $1.76 billion. Bitwise contributed $9.91 million and Franklin Templeton $4.98 million on the latest session. Earlier inflows of $18.04 million and $11.54 million were also reported, indicating sustained institutional interest despite price volatility.

Whale accumulation

Data from Santiment shows that tracked large‑holder wallets added about 1.54 billion XRP over a 96‑hour period, increasing holdings from roughly 8.27 billion to 9.81 billion XRP. The accumulation coincided with a price rise from $1.41 to $1.53 and a brief test above $1.65.

Technical outlook

The 14‑day Relative Strength Index stands at 62.77, above the 50 midpoint but below the overbought threshold of 70. The Aroon Oscillator is +50, indicating recent highs are more recent than lows. Analysts note that a sustained break above $1.60 could reopen the $1.65‑$1.66 high, while failure to hold $1.55 may shift focus to support around $1.40‑$1.41 and a potential channel near $1.22.

Institutional context

Beyond dedicated XRP funds, XRP appears in broader crypto products. A September filing showed XRP weighted at 9.15% in the T. Rowe Price Active Crypto ETF, and the Cyber Hornet S&P 500 and XRP 75/25 Strategy ETF targets a 25% exposure to XRP through direct holdings and futures.

Ripple’s broader activities

Ripple continues to engage with financial institutions, exemplified by a panel at the Middle East Stablecoin Forum in Dubai that included representatives from BlackRock and HSBC. Ripple’s stablecoin, RLUSD, reached a market cap of about $2.3 billion, though this growth has not directly translated into higher XRP prices.