Large XRP holders have increased their holdings by 470 million tokens over a five-day period, representing a total value of approximately $724 million. According to on-chain data, whale balances rose from 12.37 billion to 12.80 billion XRP. The asset is currently trading near $1.55, having recovered 28% from the $1.25 level.
Institutional interest remains active through United States spot XRP ETFs, which recorded their 11th consecutive week of net inflows. For the week ending September 25, these products attracted $75.59 million. Cumulative net inflows for the funds have reached $1.79 billion, with total net assets standing at approximately $1.77 billion.
Technical analysis highlights a potential breakout as the price approaches the $1.60 resistance level. An inverse head-and-shoulders pattern has formed on the daily chart. Analysts suggest that a confirmed move above $1.60 could target the $2 mark, while a failure to break this resistance may lead to support levels at $1.53 and $1.50.
