XRP Price Rally Predicted as Whale Accumulation Rebounds
XRP's price is currently trading near $1.39 after experiencing a sharp dip from $1.60, settling into a range of $1.35-$1.45.
On-chain data and technical analysis suggest a potential breakout and upcoming rally for XRP.
The latest on-chain data indicates that selling pressure from whales is easing, with the CryptoQuant Whale Flow 30DMA showing a sharp rebound in whale accumulation in September.
This pattern is consistent with earlier XRP whale accumulations when Whale Flow 30DMA hit a 10-month high.
Daily XRP Ledger transactions have remained above 2 million through early September, while active accounts and payments have also stayed elevated.
Institutional investors are showing massive interest in XRP, with Spot XRP ETFs witnessing strong inflows and cumulative ETF inflows reaching $1.68 billion.