XRP Whales Fuel Rebound Above $1.40, But Upside Capped at $1.50
Ripple's XRP token has rebounded above $1.40 as whales buy in, following three consecutive days of declines. The remittance token's upside appears capped at $1.50 while extended gains would face additional resistance at $1.70.
The rally was fueled by increased liquidity as the US Treasury launched long-term bond buybacks and higher demand through spot Exchange-Traded Funds (ETFs) and derivatives. Whale inflows surged to approximately 460 million XRP, the highest since February, according to CryptoQuant data.
XRP spot ETFs continue to gain momentum, with inflows surging to $28 million on Wednesday, up from $24 million the previous day. This pushed cumulative inflows to $1.62 billion. Meanwhile, total assets under management average $1.40 billion.
The correction over the last three days was driven mainly by profit-taking and significantly overheated market conditions. Technical analysis suggests XRP retains bullish momentum, with the spot price holding well above key Exponential Moving Averages (EMAs).