Whales Accumulate 470 Million XRP in Five Days as Technicals and Fund Flows Align

Stock News
Sep 28

According to Woofun AI, veteran analyst Peter Brandt has reshaped the investment logic for XRP, advocating a shift from community fervor to technical rationality, noting that holding the asset does not require membership in a "cult," as technical charts alone can establish a basis for buying.

On the technical analysis front, Peter Brandt drew a long-term monthly chart based on a decade-long support and resistance structure, projecting that XRP could eventually climb to $5.40. He emphasized that there is an essential difference between prediction and trade execution, noting that XRP is currently trading at around $1.52 after rebounding from recent lows.

Other market participants also provided corroboration: Ali Charts identified an inverse head-and-shoulders pattern with a neckline near $1.55, and a valid breakout could send the price toward $2, a potential gain of 30%. Trader Dark Defender predicted that XRP is about to experience a parabolic rally and warned that market participants may already be slightly late to enter. The formation of this multi-party technical consensus marks a profound shift in analytical perspective from sentiment-driven to structure-validated.

Fund flow data further confirms bullish confidence. According to data compiled by Woofun AI, large holders intensively purchased approximately 470 million XRP tokens within five days, involving about $724 million, significantly boosting overall holdings. Meanwhile, U.S. spot XRP ETFs have recorded net inflows for eleven consecutive weeks, with a cumulative total of nearly $1.79 billion, and recent average weekly net inflows maintained at around $75 million. Notably, even as Bitcoin and Ethereum-related ETFs showed weakness or even negative growth, the fund absorption capacity of XRP ETFs has remained strongly stable.

This resilience of capital independent of mainstream crypto assets reflects institutional investors' differentiated pricing logic toward XRP's underlying value. Continued whale accumulation is typically seen as a signal of high certainty about the future outlook rather than short-term speculative gaming.

Market sentiment indicators are showing signs of repair, with futures open interest gradually recovering to previous highs, and positive funding rates indicating that traders are more inclined to bet on price increases. However, historical seasonality poses a potential constraint, as October is typically a weak month for XRP, which somewhat suppresses short-term explosive momentum.

Although technical patterns, whale buying, and ETF demand have laid a positive foundation for the fourth quarter, a price breakout is not inevitable. Analysts remind that XRP still needs to first overcome the key resistance level near $1.60, and only by effectively holding above that level can the official start of a new upward trend be confirmed.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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