TLDR
- XRP whales bought 190 million tokens in a week worth over $505 million.
- XRP price surged above $2.50 and is now testing support at $2.64.
- CMF indicator reached a three-month high, confirming strong inflows.
- Price targets include $2.75 and $3.00 if support holds at $2.64.
XRP sees renewed buying pressure as large holders buy over 190 million tokens worth $505 million. The sharp spike in whale activity has helped push XRP above the $2.50 mark for the first time in months. Meanwhile, a strong increase in capital inflows—tracked by the Chaikin Money Flow (CMF)—points to rising interest from both institutional and retail investors. XRP now trades at $2.65 as it tests new support.
Whale Accumulation Supports Price Rally
XRP has recorded a notable price increase in the past week, with its value climbing over 12% to reach $2.65. This rise follows a major accumulation phase by large holders. According to on-chain data, addresses holding between 10 million and 100 million XRP added more than 190 million tokens during this period.
This total accumulation, valued at over $505 million, suggests large players are confident in XRP’s short-term potential. These holders began accumulating after a recent correction, instead of exiting the market. This activity has contributed to the current bullish momentum, with whale wallets driving strong demand.
XRP Whale Holding. Source: Santiment
Such behavior from high-volume addresses often supports upward price movement. Their purchases tend to reduce available supply and increase pressure on sellers. As a result, XRP was able to reclaim levels above $2.50, a zone that had acted as resistance in recent months.
Strong Capital Inflows Confirm Buying Interest
The Chaikin Money Flow (CMF), a commonly used metric to track capital movement, has risen to its highest level in three months. This rise suggests that XRP is experiencing stronger inflows than outflows across both whale and retail segments.
A positive CMF generally indicates strong buying pressure. In XRP’s case, this shift aligns with the recent price movement and accumulation by large addresses. TradingView data confirms this spike, supporting the observation that more participants are entering long positions.
XRP CMF. Source: TradingView
Such inflows not only confirm rising interest but also help stabilize price levels during times of high volatility. When accompanied by sustained buying from large holders, these movements can extend a rally or form new support zones.
XRP Attempts to Secure Support at $2.64
At press time, XRP is trading at $2.65 and is attempting to establish $2.64 as a key support level. This zone has become important as it may decide whether XRP can push further or face rejection.
If current momentum continues, XRP may aim for the next resistance levels at $2.75 and possibly $3.00. These targets are based on recent trading patterns and investor behavior observed over the last few weeks.
XRP Price Analysis. Source: TradingView
However, if buying slows or sellers gain control, XRP could retrace toward $2.54 or even $2.35. These levels acted as short-term support during the previous price correction and could once again come into play.
Market Sentiment Shows Short-Term Optimism
Market sentiment around XRP has improved due to whale accumulation and strong inflows. The price rally has also attracted retail traders, contributing to overall market activity. Data platforms tracking on-chain behavior and exchange flows show higher trading volumes in the last few days.
Although investor confidence appears to be growing, future moves will depend on XRP’s ability to hold above $2.64. This level now plays a central role in deciding whether the rally can continue or if a short-term pullback is ahead.
Technical indicators such as the CMF and support zones remain key signals to monitor in the coming days. Any shift in whale behavior or loss of momentum could quickly change market direction.
