TLDR
- XRP whales make up 94.4% of Binance outflows, pointing to large-scale accumulation
- Spot CVD jumped $310 million while futures selling pressure continues
- XRP is holding above key support levels at $1.39–$1.43 with neutral RSI at 53%
- Farmers & Merchants Investments disclosed holdings in the Bitwise XRP ETF via SEC filing
- Analyst Ali Martinez predicts a potential 10% breakout to around $1.58
XRP is trading near $1.43 as data from multiple sources points to growing accumulation by large holders. The token has lost over 20% of its value in 2025, but analysts and on-chain data suggest a shift may be underway.
Whale transactions on Binance made up 94.4% of outflows on April 24, according to CryptoQuant analyst Amr Taha. Retail activity dropped to just 5.5% in the same period.
XRP Ledger recorded 34.94 million XRP in total exchange outflows on the day. According to Santiment, this ranked as the 6th largest 24-hour outflow period of the year.
Historically, similar outflow spikes have preceded price gains. When whale activity surged in October last year, XRP went on to rally 525%. A similar spike in June 2025 was followed by a 71% price increase.
XRP spot CVD — a measure of real buying demand — rose from $1.08 billion to $1.39 billion, a gain of $310 million in a few weeks. At the same time, Binance perpetual CVD dropped to -$392 million, meaning futures traders remain net short.
Technical Indicators Hold Steady
XRP is trading above its 200-day EMA at $1.39. The 50-day EMA sits at $1.42 and the 20-day EMA at $1.43, all providing nearby support.
RSI is at 53%, which shows no overbought signal. MACD has shown easing of downward pressure, suggesting the trend is stabilizing.
Fibonacci resistance levels sit at $1.45 and $1.49. Support is holding in the $1.42–$1.39 range.
Long liquidations have been dominant since April 18, which has reduced leverage in the market and cooled some of the bullish positioning. Funding conditions have improved as a result.
Onchain analyst Ali Martinez posted a chart on April 24 showing a symmetrical triangle forming on XRP’s 1-hour chart. He predicted a potential 10% surge from current levels, which would put XRP near $1.58 if realized.
A triangle on the $XRP hourly chart suggests a 10% move could be coming soon. pic.twitter.com/leCsnS4Zf1
— Ali Charts (@alicharts) April 24, 2026
Institutional Inflows Continue
Farmers & Merchants Investments, a bank holding company with $3.6 billion in AUM, disclosed holdings in the Bitwise XRP ETF in a recent SEC filing. The company holds 2,374 shares, valued at roughly $35,681.
The firm also holds shares in the BlackRock Bitcoin ETF. Goldman Sachs remains the largest institutional holder of XRP ETF products, with over $152 million in holdings.
Spot XRP ETFs saw net inflows of $3.89 million on Thursday, bringing cumulative total inflows to $1.28 billion. Total AUM across XRP ETFs has reached $1.08 billion, according to SoSoValue.
XRP hit its all-time high of $3.65 on July 18, 2025. It is currently trading at $1.44, with a 24-hour range of $1.41 to $1.44.
