TLDR
- XRP whale activity accounts for 94.4% of Binance outflows, indicating large-scale accumulation
- Spot CVD increased by $310 million while futures selling pressure persists
- XRP maintains positions above key support levels of $1.39–$1.43, with a neutral RSI of 53%
- Farmers & Merchants Investments disclosed holdings in the Bitwise XRP ETF through an SEC filing
- Analyst Ali Martinez forecasts a potential 10% breakout to approximately $1.58
(SeaPRwire) – XRP is trading around $1.43, as data from multiple sources points to rising accumulation by large holders. The token has lost over 20% of its value in 2025, but analysts and on-chain data suggest a shift may be in progress.
Whale transactions on Binance made up 94.4% of outflows on April 24, according to CryptoQuant analyst Amr Taha. Retail activity fell to just 5.5% during the same period.
The XRP Ledger recorded 34.94 million XRP in total exchange outflows that day. Per Santiment, this ranked as the 6th largest 24-hour outflow period of the year.
Historically, similar outflow spikes have preceded price gains. When whale activity surged in October last year, XRP went on to rally 525%. A comparable spike in June 2025 was followed by a 71% price increase.
XRP spot CVD — a metric measuring real buying demand — rose from $1.08 billion to $1.39 billion, a $310 million gain over a few weeks. Meanwhile, Binance perpetual CVD dropped to -$392 million, meaning futures traders remain net short.
Technical Indicators Remain Stable
XRP is trading above its 200-day EMA at $1.39. The 50-day EMA stands at $1.42 and the 20-day EMA at $1.43, all providing nearby support.
The RSI is at 53%, showing no overbought signals. The MACD has indicated a reduction in downward pressure, suggesting the trend is stabilizing.
Fibonacci resistance levels are at $1.45 and $1.49. Support is holding in the $1.42–$1.39 range.
Long liquidations have been dominant since April 18, which has lowered market leverage and cooled some bullish positions. Funding conditions have improved as a result.
On-chain analyst Ali Martinez posted a chart on April 24 showing a symmetrical triangle forming on XRP’s 1-hour chart. He predicted a potential 10% surge from current levels, which would take XRP to around $1.58 if realized.
A triangle on the $XRP hourly chart suggests a 10% move could be coming soon. pic.twitter.com/leCsnS4Zf1
— Ali Charts (@alicharts) April 24, 2026
Institutional Inflows Continue
Farmers & Merchants Investments, a bank holding company with $3.6 billion in AUM, disclosed holdings in the Bitwise XRP ETF via a recent SEC filing. The company holds 2,374 shares, valued at roughly $35,681.
The firm also holds shares in the BlackRock Bitcoin ETF. Goldman Sachs remains the largest institutional holder of XRP ETF products, with over $152 million in holdings.
Spot XRP ETFs saw net inflows of $3.89 million on Thursday, pushing cumulative total inflows to $1.28 billion. Total AUM across XRP ETFs has reached $1.08 billion, according to SoSoValue.
XRP hit its all-time high of $3.65 on July 18, 2025. It is currently trading at $1.44, with a 24-hour range of $1.41 to $1.44.
This article is provided by a third-party content provider. SeaPRwire (https://www.seaprwire.com/) makes no warranties or representations regarding its content.
Category: Top News, Daily News
SeaPRwire provides global press release distribution services for companies and organizations, covering more than 6,500 media outlets, 86,000 editors and journalists, and over 3.5 million end-user desktop and mobile apps. SeaPRwire supports multilingual press release distribution in English, Japanese, German, Korean, French, Russian, Indonesian, Malay, Vietnamese, Chinese, and more.
