XRP faces a potential technical breakout as whales reach all-time highs in accumulation. ETFs, Ripple, and macroeconomic tensions are shaping the current direction of this cryptocurrency.
The price of XRP remains in a critical zone of technical consolidation, as institutional accumulation indicators reach unprecedented levels.
Despite the weakness in XRP's price, with trading between $2,40 and $2,53, more than 317.000 large holders have continued to accumulate the token in recent weeks, according to data from Santiment. This figure marks a All-time high concentration of XRP in whale hands, in a context where long-term sales have fallen by 82%, suggesting a significant reduction in selling pressure.
Meanwhile, the market is closely watching the possible approval of up to six XRP spot ETFs by the SEC, the verdict of which could be announced in the coming days. Bloomberg estimates a probability of approval of over 90%, which has rekindled institutional interest and generated expectations of flows of up to $8.000 billion into the Ripple ecosystem. For its part, Ripple is preparing a treasury of $1.000 billion, in what some analysts interpret as a strategy to strengthen its position in the event of a liquidation. alianza with the European Central Bank (ECB), not yet officially confirmed.
XRP is at a turning point for its price
XRP is at a critical juncture that could define its trajectory in the coming weeks. Technically, if it manages to break above the $2,40 barrier with solid volume confirming this move, the outlook opens up for an immediate advance to $2,65.
But that's not all: experts agree that if this resistance is broken convincingly, a significant rally could be triggered, potentially allowing XRP to gain up to 57% and reach levels close to $3,75. This scenario reflects an optimism that doesn't overlook the possibility of a strong recovery for Ripple's cryptocurrency.
Source: CoinGecko
However, this bullish scenario is not without risks. In a global context marked by uncertainty, especially due to trade tensions between the United States and China and the Federal Reserve's decisions affecting liquidity, a deep correction cannot be ruled out. In that case, XRP could fall back to around $1,55, according to several experts, and show vulnerability to an intensification of fear in the markets.
At the same time, Ripple is strengthening its position in the financial arena by launching a funding round seeking to raise $1.000 billion. This move not only seeks to strengthen its cash position but also opens the door to new strategic alliances that will drive its growth.
Speculation is growing around a possible collaboration with the European Central Bank, something that has yet to be confirmed but is fueling institutional interest, given that the bank has been testing XRP Ledger technology in the development of its CBDC. Furthermore, the rise of XRP-linked ETFs could be a game-changer in the United States, offering a regulated path to access this asset and strengthening its appeal to large investors.
The verdict on XRP ETFs is approaching.
In recent days, large institutional investors have adopted a more cautious stance, reducing their use of leverage and shifting their assets toward cash as a backup, anticipating sharp market movements.
Now, attention is focused on the October 25, the date on which the SEC is expected to issue its ruling on applications to approve spot ETFs. A nod from the securities regulator could trigger a strong wave of buying, while a rejection would likely deepen the technical correction already underway.
Crypto analyst Ali Martinez recently highlighted that whales have accumulated over 30 million XRP in just 24 hours, a clear sign that institutional players are preparing for a potential price breakout. This movement contrasts with the skepticism prevailing among retail investors, who have shown much lower activity amid regulatory uncertainty. This gap between the behavior of large and small investors is a key factor in understanding where the market could move in the coming weeks.
In this context, XRP is at a pivotal moment, both technically and narratively. Historic whale accumulation, coupled with a decline in long-term selling and Ripple's efforts to strengthen its financial position, create an environment fraught with expectations. If ETFs finally receive the green light and the price breaks through the $2,65 barrier with solid volume, a new bullish cycle is likely to be unleashed. Conversely, if regulatory resolutions fail to meet expectations, XRP could recede, redefining short-term expectations.
