XRP Whale Accumulation Rebound Fails To Spark Major Breakout

XRP's price has rebounded in September after whale accumulation returned to positive territory in late August. This comes as daily XRP Ledger transactions remain above 2M and futures open interest reached $3.13B.

Crypto analyst Ali Martinez identified a descending triangle on XRP's hourly chart, indicating that a confirmed move above $1.40 could pave the way for a price target of $1.46. He advises traders to wait for an hourly close above this level before entering the market.

The recent rebound follows a period in late August when whale flows turned negative, exchange inflows increased, and price momentum weakened. However, September has seen accumulation recover, alongside network activity remaining elevated.