Whale is accumulating 340 million XRP! Institutional funds are pouring in, suggesting the market is reaching a bottom and rebounding.

On-chain data shows that Ripple (XRP) whales have aggressively bought 340 million tokens in the past two weeks, with their holdings approaching 7.84 billion. Meanwhile, institutional investment and favourable information from regulators are emerging, and technical indicators are signaling a bottom, suggesting the market may be brewing a new round of rebound.

on-chain Whale accumulates 340 million XRP

(Source: Santiment)

According to Santiment data, wallets holding between 10 million and 100 million XRP net increased their holdings by approximately 340 million Tokens from late August to the end of the month. These large addresses currently control a total of about 7.84 billion XRP, accounting for a significant market share.

It is worth noting that the massive inflow to the exchange has significantly decreased—by the end of August, the inflow of 100,000 to 1,000,000 XRP to a certain large CEX had decreased by 95% compared to before, indicating that holders generally prefer to lock up their holdings rather than sell.

Institutional funds and regulatory favourable information act as dual driving forces

Whale accumulation and institutional demand are rising in tandem. Tokyo-listed gaming company Gumi announced it will invest approximately $17 million to purchase XRP as part of its asset allocation; U.S. listed company Hyperscale Data (NYSE: GPUS) plans to sell stocks to raise funds for purchasing Bitcoin and XRP.

The derivatives market is equally hot—CME reports that XRP futures open interest has surpassed $1 billion in just over three months, setting a new historical high.

On the regulatory front, the U.S. Court of Appeals dismissed the SEC's appeal against the Ripple case, putting an end to the long-standing legal dispute. Subsequently, asset management companies such as Grayscale, Bitwise, and CoinShares have updated their XRP spot ETF applications, which, if approved, will introduce significant new capital flows into the market.

technical indicator releases bottom signal

Currently, the XRP price is seeking support in the range of 2.75–2.80 USD. Analysts point out that if it holds this area, the price is likely to rebound and challenge the resistance level at 3.20 USD, and further test the high of 3.60 USD.

The daily RSI has shown a "Bullish Divergence" — the price has reached a lower low, but the RSI has created a higher low, indicating a weakening of downward momentum. The buy-sell ratio for those taking positions has recently fallen below 1, and historically, this signal is often accompanied by a short-term bottom.

Potential Trends and Key Risk Levels

If XRP effectively breaks through 3.20 USD, it will open up upward space, with 3.60 USD becoming the next target; conversely, if it falls below 2.72 USD, it may test the support at 2.57 USD.

Combining on-chain capital flows, institutional layouts, and technical indicator signals, the market is at a critical point of transitioning from weak to strong, and the short-term trend will depend on whether the buying pressure can continuously absorb the selling pressure.

Conclusion

The continuous accumulation by whales, the inflow of institutional funds, and the improvement of the regulatory environment have jointly laid the foundation for a potential rebound of XRP. If the ETF is approved and accompanied by a technical breakout, XRP may welcome a new round of upward cycle. Investors should closely monitor the battle for support at $2.75 and resistance at $3.20.