S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
- XRP recovers above $1.40 after three consecutive days of declines.
- Whale accumulation rises to 460 million XRP, the highest since February.
- XRP structural outlook remains bullish, but momentum indicators suggest overheating.
Ripple (XRP) holds above $1.40 support on Wednesday, as bulls return to take control following three consecutive days of declines. The remittance token’s upside appears capped at $1.50 while extended gains would face additional resistance at $1.70. A break above $2.00 would mark a potential regime shift from bearish to bullish.
XRP whales increase accumulation
XRP rallied by 72% last week, hitting highs around $1.70 before a correction to test support at $1.40 earlier this week. The rally was fueled by increased liquidity as the United States (US) Treasury launched long-term bond buybacks and higher demand through spot Exchange-Traded Funds (ETFs) and derivatives.
This reinforced expectations of easier financial conditions and revived demand for risk assets. Whale inflows surged to approximately 460 million XRP, the highest since February.
XRP spot ETFs continue to gain momentum, with inflows surging to $28 million on Wednesday, up from $24 million the previous day. This pushed cumulative inflows to $1.62 billion. Meanwhile, total assets under management average $1.40 billion.
However, the correction over the last three days was driven mainly by profit-taking and significantly overheated market conditions.
Technical analysis: XRP retains bullish momentum
XRP trades around $1.44, extending its break above the key Exponential Moving Averages (EMAs) and reinforcing a bullish near-term bias. The spot price holds well above the 50-day EMA at $1.17, the 100-day EMA at $1.20 and the 200-day EMA at $1.35, suggesting a solid underlying demand zone after reclaiming the prior trendline break area around $1.00.
Momentum is constructive, with the Relative Strength Index (RSI) hovering in bullish territory near 73 and the Moving Average Convergence Divergence (MACD) remaining positive, hinting that buyers still control the tape despite stretched short-term conditions.
Initial support emerges at the current price area around $1.44, ahead of a deeper layer formed by the 200-day EMA at $1.35 and the cluster of shorter EMAs near $1.20-$1.17, followed by the former break zone close to $1.00. On the topside, the next meaningful hurdle is the descending resistance trendline drawn from $1.66, which remains the first structural cap. A daily close above that barrier would open the way for further gains, while failure to clear it would likely trigger consolidation or a corrective pullback toward the highlighted support band.
