- XRP whales have bought 120 million tokens in three days, showing strong bullish sentiment above $2.60.
- XRP’s recent ETFs and partnerships could push its price toward $5.
XRP experienced a sharp sell-off on September 25, but the dip appears to have created a prime buying opportunity for traders. Despite broader crypto market pressures over the weekend, XRP USD has held firm, remaining one of the most closely watched coins in the market.
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XRP Holds Key Support as Buyers Step In
Following the pullback, XRP remains above critical support at $2.60, with aggressive traders now eyeing $3 as the next target. The daily chart shows resistance at $3 and $3.20, levels XRP must surpass to sustain the uptrend. Success here could pave the way for targets at $3.40, with all-time highs near $3.65 potentially in sight.
Year-to-date, XRP has delivered an impressive +355% gain, though last week’s dip trimmed monthly gains to just +1.8%. Trading activity highlights growing investor interest. Binance reported $1.4 billion in XRP trading volume over 24 hours—a nearly 60% increase—mirrored by spikes on Bybit and Gate.io. The long/short ratio on Binance averages 3:1 in favor of buyers, signaling strong market sentiment, even as net exchange inflows recently turned negative.
Whales Drive Accumulation and Bullish Sentiment
Whales have been decisively bullish, scooping up 120 million XRP over just three days. During this period, XRP USDT climbed nearly +4%, rejecting lows below $2.70. Exchange reserves, after peaking in late August, stabilized and rebounded from 2.8 billion to around 3.5 billion XRP, reflecting ongoing accumulation.
Recent Developments Boost XRP’s Upside Potential
Whale activity is reinforced by key ecosystem developments. The REX-Osprey XRP ETF launched on September 18, drawing over $10 million in day-one inflows, with $35 million in shares changing hands shortly after. Ripple has also expanded partnerships, including a deal with BBVA integrating Ripple Custody services and collaboration with SBI to accelerate RLUSD stablecoin adoption in Japan.
Institutional participation in the U.S. is growing as well, with CME introducing XRP futures options following its earlier XRP futures milestone. These developments collectively strengthen XRP’s market positioning and could fuel the push toward fresh all-time highs, potentially surpassing $5.
With whales actively accumulating and institutional interest rising, XRP remains a top crypto to watch as October approaches, offering a mix of short-term opportunities and long-term growth potential.
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