Over a five-day span, large-volume holders accumulated 470 million tokens valued at $724 million, while spot exchange-traded funds maintained their streak of net inflows.
This mix of aggressive whale accumulation and institutional interest brings the $1.60 resistance barrier directly back into focus for the XRP price.
XRP Whale Accumulation Signals Stronger Demand
According to on-chain insights shared by analyst Ali Martinez, whale holdings grew from roughly 12.37 billion to 12.80 billion XRP. This accumulation equals more than 470 million tokens, translating to about $724 million based on recent market values.
XRP currently changes hands near $1.55, as reported by BeInCrypto. The cryptocurrency has bounced back roughly 28% from its $1.25 support zone, recently hitting a local peak close to $1.58.
This upward recovery has materialized alongside an inverse head-and-shoulders formation visible on the daily price chart, where the neckline hovers near $1.60.
A confirmed breakout past that threshold could trigger a measured objective around $2, pointing to roughly 30% upside potential from current marks. On the flip side, a bearish rejection could push the XRP price toward initial support at $1.53, followed by $1.50. A deeper pullback might bring levels at $1.46 and $1.32 into play.
Market technicians have also spotted an RSI pattern that preceded major rallies previously, though definitive confirmation requires the indicator to move back above its primary moving average.
Can ETF Demand Help XRP Price Break $1.60?
Institutional interest has offered an additional layer of market backing via US spot XRP ETFs, with SoSoValue figures highlighting steady weekly inflows.
These investment vehicles pulled in $75.59 million throughout the week concluding on September 25. Total cumulative net inflows climbed to $1.79 billion, while overall net assets hovered near $1.77 billion, marking an 11th straight week of positive inflows.
That uninterrupted streak began during the week of July 17 and persisted through September 25, supported by several weeks of particularly heavy institutional contributions.
Bitwise’s XRP ETF has acted as a primary catalyst for recent market momentum. On September 18, the asset manager submitted a post-effective amendment regarding its registration statement.
The regulatory filing updated specific prospectus details and integrated fresh financial documentation. During this period, the XRP price repeatedly tested the $1.60 resistance zone following its rebound from roughly $1.40.
Market participants are now closely watching whether ongoing whale accumulation and institutional ETF inflows will combine to generate the momentum needed for a lasting break past the $1.60 resistance barrier.
Frequently Asked Questions
How much XRP did whales accumulate recently?
Large XRP holders accumulated more than 470 million tokens worth approximately $724 million over a five-day span.
What is the key resistance level for XRP?
The XRP price faces a notable resistance level at $1.60, which aligns with the neckline of an inverse head-and-shoulders pattern on the daily chart.
How have spot XRP ETFs performed?
US spot XRP ETFs recorded their 11th consecutive week of net inflows, bringing cumulative net inflows to $1.79 billion and total net assets to roughly $1.77 billion.
What are the downside support levels if XRP gets rejected at resistance?
If XRP faces a rejection at resistance, initial support can be found around $1.53 and $1.50, with deeper correction zones resting at $1.46 and $1.32.
