After four months of steady distribution, a major on-chain metric for Ripple’s XRP has flipped bullish — signaling renewed whale accumulation and optimism across the market.
According to CryptoQuant, the XRP Whale Flow 30-day moving average has turned positive for the first time since July, marking a potential shift in sentiment among large holders. The move follows weeks of accumulation at price dips, suggesting that institutional and high-net-worth investors are positioning for a recovery.
The bullish reversal coincides with Ripple-backed Evernorth’s $1 billion fundraising plan for corporate treasury operations. The firm holds over 388.71 million XRP (worth roughly $1 billion), strengthening the project’s long-term fundamentals.
Additional on-chain indicators reinforce the upbeat outlook:
- Exchange-held XRP on Binance fell from 3.1 billion to 2.7 billion coins in October.
- Exchange inflows declined, indicating fewer tokens moving toward potential selling pressure.
These developments highlight tightening supply dynamics, often a precursor to price appreciation in digital assets.
Institutional Demand Fuels XRP Futures Surge
Institutional participation in XRP remains strong despite short-term price volatility. The Crypto Funds Flow report by CoinShares shows capital inflows of $73.9 million and $84.3 million into XRP investment products over the past two weeks — among the highest since 2021.
XRP’s futures open interest hit a record $1.4 billion on the Chicago Mercantile Exchange (CME) this week. Across all crypto exchanges, total open interest reached $4.4 billion in the past 24 hours — though still below the July peak of $10.94 billion.
Market analysts view these figures as a sign that traders are positioning for a medium-term rebound, possibly linked to speculation around an XRP ETF launch. Rising derivatives volume also reflects growing confidence that XRP could outperform broader crypto markets in the near term.
Price Outlook: Resistance Near $2.80
XRP has gained over 15% in the past two weeks, buoyed by renewed accumulation and improving sentiment. However, the token still faces technical resistance. It currently trades near $2.58, with a 24-hour range between $2.50 and $2.66, and volume up 12% — a sign of rising trader interest.
Technical analysts note that XRP must break above $2.60–$2.72 to sustain momentum toward $3.00, with key resistance around $2.80, according to Ali Martinez. He expects short-term volatility before any decisive breakout.
Despite lingering headwinds, XRP’s improving fundamentals, coupled with whale accumulation and institutional demand, suggest a potential bullish phase ahead if momentum holds above major support levels.