XRP News Today: XRP Gains 3.6% on Whale Accumulation and Renewed Retail Demand

XRP’s price surged 3.6% in the past 24 hours, driven by a combination of whale accumulation and renewed retail demand, according to analysis from Coindoo[1]. Large institutional and high-net-worth investors have acquired over $415 million worth of XRP in a single day, significantly reducing liquid supply by locking up 47.32 billion tokens across 2,743 wallets. This buying activity has offset bearish pressure following Ripple co-founder Chris Larsen’s $200 million token transfer, which initially raised market caution. The surge reflects growing confidence in XRP’s long-term potential as U.S. regulatory concerns appear to ease.

Technical indicators further support the bullish momentum. XRP has maintained a price above the critical $3.10 pivot level, despite a recent rejection at $3.28 Fibonacci resistance. The Relative Strength Index (RSI) stands at 60.39, indicating neutral-to-bullish sentiment, while the Moving Average Convergence Divergence (MACD) approaches a bullish crossover. Analysts are monitoring for a golden cross between the 9-day and 26-day moving averages, which could push the price toward $3.34 and beyond.

Retail demand has intensified, particularly in South Korea, where trading activity on Korean exchanges has spiked. The XRP/KRW pair on Upbit accounted for 14% of the platform’s $3.2 billion daily volume, signaling strong FOMO (fear of missing out) among local investors. This retail-driven surge aligns with a broader Altcoin Season Index increase of 115% over 30 days, highlighting XRP’s unique positioning as both a regulatory rebound and technical breakout candidate.

The price rally has also coincided with broader macroeconomic dynamics. XRP’s market capitalization has expanded alongside rising liquidity on major exchanges, with volumes on platforms like Binance and Kraken reaching 18-month highs. Institutional interest is further reinforced by XRP’s role in cross-border payments and partnerships in emerging markets. However, the cryptocurrency remains sensitive to macroeconomic shocks, including U.S. trade developments and geopolitical tensions, which could reintroduce volatility.

Regulatory tailwinds have indirectly supported XRP’s performance. Recent legislative efforts, such as the CLARITY Act and proposed BITCOIN Act, signal a shift toward clearer guidelines for digital assets. While these measures primarily target Bitcoin and Ethereum, they have fostered a more supportive ecosystem for blockchain-based assets like XRP. The U.S. Treasury’s inclusion of XRP in its crypto holdings has also bolstered bullish sentiment, despite initial skepticism.

Critics note that XRP’s gains remain vulnerable to short-term risks, particularly in a market still grappling with regulatory and macroeconomic uncertainties. However, the asset’s technical resilience and growing institutional adoption suggest potential for sustained growth if broader conditions stabilize. Retail traders are actively capitalizing on improved sentiment, with trading platforms reporting a 25% increase in XRP-related queries over the past week.

Source:

[1] Coindoo. "XRP Price Climbs 3.6% in Past Hours: 2 Key Forces Behind the Surge." https://coindoo.com/xrp-price-climbs-3-6-in-past-hours-2-key-forces-behind-the-surge/