XRP News Today: XRP Shows Early Price Rebound Signs Amid Buy Signal and $300M Whale Moves

XRP is showing early signs of a potential price rebound following a notable technical signal and significant whale activity. On August 21, prominent crypto analyst Ali Martinez observed that the TD Sequential indicator generated a "buy" signal on the hourly chart, reinforcing the possibility of a near-term reversal after a recent 15% decline in XRP’s price [1]. The signal came as bulls maintained control of the $2.90 support level, with on-chain data from CoinGlass indicating increased long position openings by large holders below that threshold [1].

In parallel, whale activity surged, with one major move capturing attention. Whale Alert tracked four separate transactions of 25 million XRP each, totaling 100 million tokens worth nearly $300 million, all moved from Bitstamp to four distinct wallets [1]. The final transaction occurred at 07:43 UTC on August 21, with the funds being sent to a BitGo wallet, a move often associated with institutional-grade self-custody practices [1]. Despite this accumulation, whale flows remained negative overall, highlighting ongoing selloff pressure from other large holders.

Technical analysis also points to a potential breakout. A bullish pennant pattern has formed on the daily chart, and a price surge above this pattern could push XRP toward $4 [1]. This view is supported by CrediBULL Crypto, which noted a rebound from the key XRP/BTC support level at 0.00002518 and suggested further upside could follow if Bitcoin stabilizes [1].

The broader market context remains volatile, with XRP trading at $2.90 as of the report’s publication, up slightly from a 24-hour low of $2.83. However, spot trading volume has declined by 15%, and the market is approaching a major crypto options expiry, which could bring additional uncertainty [1]. Derivatives data shows a 1% drop in XRP futures open interest to $7.55 billion, with contrasting trends across exchanges—CME and Binance saw gains of 7% and 0.15%, respectively, indicating bullish sentiment in the U.S. [1].

Looking ahead, market observers are also watching regulatory developments. The potential approval of XRP ETFs by the U.S. SEC and the granting of a bank charter by the OCC could serve as major catalysts for institutional buying [1]. Bill Morgan, a legal expert in crypto regulation, has suggested these decisions could come as early as the end of October, adding another layer of anticipation for XRP’s future [1].

While the analyst’s predictions are optimistic, it is important to emphasize that they remain forecasts rather than certainties. The market is still highly sensitive to macroeconomic signals, regulatory news, and whale behavior, all of which can shift rapidly and without warning [1].

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[1] https://coinmarketcap.com/community/articles/68a77155cf6d9868d33d2646/