Ripple’s XRP is drawing renewed attention as it edges toward a technical breakout, with large holders and institutional investors signaling confidence despite recent market turbulence. The token, trading near $2.28, has rebounded over 5% in the last 24 hours, reflecting a broader recovery across the crypto market as geopolitical tensions in the Middle East show signs of easing.
Whale Activity and Institutional Flows
Recent data shows that major XRP holders—wallets with between 1 million and 10 million tokens—have steadily increased their positions. This group now controls 9.9% of the total XRP supply, up from 8.24% at the start of the year. This accumulation trend is mirrored by institutional inflows, with $11.8 million entering XRP-related investment products last week, according to CoinShares. The US market led the way, contributing $1.9 billion in digital asset inflows, highlighting a growing risk appetite among professional investors.
Futures Market Signals and Technical Setup
XRP’s futures open interest remains stable at $3.83 billion, though it continues to trend lower from its mid-May peak of $5.52 billion. This suggests that while some traders remain cautious, there is a base of participants positioning for potential upside. Technical indicators are also turning positive: the Relative Strength Index (RSI) has moved above the 50 mark, signaling renewed bullish momentum, while the Moving Average Convergence/Divergence (MACD) is close to confirming a buy signal.
Support for XRP is reinforced by the convergence of the 50-day and 100-day exponential moving averages at $2.25. A daily close above this level would strengthen the case for a sustained uptrend. If XRP can break above the resistance of its current descending channel, the next targets are $2.65 and $3.00—representing potential gains of 17% and 32% from current levels, respectively.
Regulatory Backdrop: Ripple vs. SEC
The ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) continues to influence sentiment. A 2023 court ruling clarified that XRP is not a security when sold to retail investors via exchanges, but institutional sales do fall under securities regulations. This partial win for Ripple has set a nuanced precedent, leaving some regulatory questions unresolved but providing a measure of clarity for retail market participants.
Market Outlook
With large holders accumulating, institutional inflows rising, and technical indicators turning bullish, XRP appears well-positioned for a breakout—provided broader market conditions remain supportive. Key levels to watch are $2.25 for support and $2.65–$3.00 as potential upside targets. As always, regulatory developments and macroeconomic news will remain critical drivers for XRP’s next move.
