XRP News Today: XRP's Rally Gains Steam as Whales and ETF Hopes Fuel Bullish Bets-But Risks Loom

XRP's price surged over 12% in 24 hours, fueled by a $550 million accumulation by large investors and growing optimism around potential exchange-traded fund (ETF) launches, according to market data and analysis. The altcoin's recent technical and on-chain indicators suggest a shift in momentum, with analysts arguing that current bullish sentiment is insufficient given the asset's long-term potential.

The rally followed a sharp withdrawal of XRP from exchanges, with on-chain data showing over 216 million tokens-worth more than $556 million-moved out of trading platforms. This large-scale accumulation, attributed to institutional and high-net-worth investors, has tightened exchange supply and signaled confidence in future price growth. Market analyst Steph is Crypto noted that whales holding between 10 million and 100 million tokens have collectively added 320 million XRP, valued at $768 million, in just four days, reinforcing a "smart money" narrative of buying the dip.

Technical indicators further support the bullish case. XRP's 118-day Relative Strength Index (RSI) broke out of a prolonged downtrend, a move analysts see as a key catalyst for renewed upward momentum. The RSI, currently above the neutral 50.0 level, indicates strengthening buyer control, while the altcoin's price has stabilized above $2.50 after rebounding from a recent consolidation phase. Analysts project that sustained buying pressure could push XRP toward $2.64, a resistance level previously unbroken, with potential further gains to $2.75 if momentum holds.

Institutional interest is accelerating, driven by regulatory clarity following Ripple's partial resolution of its SEC lawsuit and speculation about ETF approvals. Several asset managers have filed for spot XRP ETFs, with market-tracking platforms estimating a 95% chance of approval by mid-November. Such products could unlock regulated investment avenues for large funds, historically a driver of sustained crypto price growth. Meanwhile, Ripple's expanding banking partnerships, including new tie-ups with Mastercard and Gemini, underscore its fundamentals and long-term adoption potential.

Despite the optimism, caution persists. While XRP's technical structure appears healthy, analysts warn that a failed breakout above $2.64 could trigger a retest of $2.36 support, invalidating the bullish thesis. Additionally, macroeconomic risks-such as renewed legal challenges from the SEC or a potential Bitcoin death cross-remain potential headwinds.

Crypto analyst STEPHISCRYPTO emphasized that current investor positioning is "not bullish enough," arguing that the RSI breakout and whale accumulation signal a stronger rally is on the horizon. "If this trend continues, XRP could extend its recovery well beyond current levels," they said according to analyst commentary. With XRP trading near $2.45 at press time and institutional adoption gaining pace, the altcoin remains a focal point for traders eyeing both short-term volatility and long-term growth.