XRP Whales Bought $742 Million This Week. How Will Price React?

Whales accumulated more than 470 million XRP, valued at roughly $724 million, over a five‑day period. At the same time, United States spot XRP ETFs recorded continued net inflows, extending an eleven‑week streak.

On‑chain Whale Accumulation

On‑chain data cited by analyst Ali Martinez shows whale balances rising from about 12.37 billion to 12.80 billion XRP, an increase of over 470 million tokens. XRP is trading around $1.55, having rebounded roughly 28 % from the $1.25 area and reaching a recent local high near $1.58.

Technical Outlook

The daily chart displays an inverse head‑and‑shoulders pattern with a neckline near $1.60. A confirmed break above this level could trigger a measured target around $2, representing about 30 % upside. Conversely, a rejection may test support at $1.53, then $1.50, with deeper corrections potentially targeting $1.46 and $1.32.

Analysts also note an RSI configuration that preceded strong advances in the past, though confirmation requires the indicator to reclaim its key moving average.

ETF Inflows Supporting Demand

SoSoValue data shows spot XRP ETFs attracted $75.59 million during the week ending 25 September, bringing cumulative net inflows to $1.79 billion and total net assets near $1.77 billion. The inflow streak began in mid‑July and has continued for eleven consecutive weeks, with Bitwise’s XRP ETF remaining a primary driver.

Key Question

Whether whale accumulation and institutional ETF flows can reinforce each other will be crucial. A sustained break above $1.60 would provide technical confirmation of upward momentum.