XRP News Today: Whales Amass $962M XRP as Bull Flag Rises

XRP has remained above the critical $2.47 support level, reinforcing analysts' expectations of a potential price surge. Technical indicators suggest the token is in a consolidation phase following a period of accumulation, mirroring patterns observed during its 2017 breakout. If this trend continues, XRP could be on the path to a parabolic rally toward $4.50 and beyond, as highlighted by several market observers [1]. A similar pattern was also identified by crypto trader Javon Marks, who emphasized the importance of holding above $2.47 for maintaining a bullish outlook. A successful consolidation phase could open the door to price targets of $4.80 and $7.18, contingent upon sustained buying momentum [2].

The recent price action indicates XRP is navigating a bull flag pattern, a technical formation typically associated with consolidation prior to a continuation of an uptrend [3]. A closing candlestick above the $3.00 level would confirm a bullish breakout, with analysts targeting a potential price level near $5. The 50-day simple moving average currently sits at $3.08, acting as an immediate resistance for bulls. Meanwhile, the 200-day SMA at $2.48 remains a key support threshold that, if breached, could shift the trajectory of the asset toward a sideways or downward trend [3].

Institutional and whale behavior has also played a significant role in shaping XRP's near-term prospects. Whale investors have accumulated 340 million XRP, valued at nearly $962 million, over the last two weeks, signaling long-term confidence in the token despite broader market selling pressure [4]. This accumulation contrasts with institutional liquidations, which have reached $1.9 billion since July, highlighting a divergence between short-term and long-term positioning [5]. Moreover, $268 million in XRP has been moved out of exchanges, further supporting the idea that large holders are preparing for a potential recovery.

Regulatory developments continue to act as a catalyst for market sentiment. The likelihood of an XRP spot ETF approval has surged to 87% on the prediction platform Polymarket, driven by the U.S. Securities and Exchange Commission’s review of 11 ETF applications from firms such as Canary, WisdomTree, and Franklin Templeton [3]. The regulatory timeline, which now has an October deadline for most filings, has spurred a more bullish outlook among analysts. If approved, an XRP ETF could attract up to $5 billion in initial investments, according to forecasts, further fueling price momentum [3].

On the utility front, XRP has gained additional traction with the launch of new products by crypto exchanges. Gemini introduced a credit card offering that provides cashback in XRP, enhancing the token's utility for consumer spending. The exchange also added support for RLUSD, Ripple’s stablecoin, expanding the token’s integration into mainstream trading and payments ecosystems [1]. These developments, combined with Ripple’s growing adoption in cross-border payments, strengthen the case for XRP’s broader adoption and utility, potentially supporting long-term price appreciation.

While short-term volatility persists, key technical indicators suggest that XRP remains in a favorable position to build on its recent gains. The Relative Strength Index (RSI) is currently in neutral-to-bullish territory, and the MACD is showing signs of a potential bullish crossover [4]. A breakout above $3.30 could target $4.00 and beyond, aligning with the long-term price projections of several analysts. However, traders are closely monitoring the $2.80–$2.87 resistance range, as a clean close above this level would signal increased buying interest and validate the potential for further upward movement [5].

Source:

[1] XRP to $4.50 and Beyond? Analyst Says 2017 Pattern Is Repeating (https://cryptopotato.com/xrp-to-4-50-and-beyond-analyst-says-2017-pattern-is-repeating/)

[2] XRP to $4.50 and Beyond? Analyst Says 2017 Pattern Is Repeating (https://cryptorank.io/news/feed/3f489-xrp-to-4-50-and-beyond-analyst-says-2017-pattern-is-repeating)

[3] XRP Price Eyes Breakout to $5 According to This Chart, Spot ETF Approval Odds Surge (https://cryptorank.io/news/feed/55513-xrp-price-eyes-breakout-to-5-according-to-this-chart-spot-etf-approval-odds-surge)

[4] XRP Price Analysis: $2.70 Floor Defended, $3.30 Breakout in Sight (https://www.coindesk.com/markets/2025/09/02/xrp-consolidates-below-usd3-as-rsi-and-macd-signal-potential-breakout)

[5] XRP Holds $2.80 Support as Whales Accumulate Nearly $1B (https://bitcoinist.com/xrp-holds-2-80-support-as-whales-accumulate-more/)