Large XRP Holders Accumulate as Bullish Signals Build

XRP recently moved above $1.16 as large wallets continue to increase their positions. Data shows that addresses holding between 100,000 and 100 million XRP grew their holdings by 2.8 percent over the last five weeks. Meanwhile, smaller retail accounts shed 5.2 percent of their balances. This shift suggests that the price movement is being driven by institutional interest rather than individual retail demand.

Market experts point to several factors supporting this trend. The resolution of regulatory issues with the SEC and the ongoing development of the XRP Ledger continue to improve the outlook for the asset. Additionally, institutional investors are showing interest through US spot ETF products, which have recorded over $12 million in net inflows this month.

Technically, traders are watching the $1.13 price level closely. XRP recently faced resistance at its 50 day exponential moving average. The bullish case remains strong as long as the price stays above the $1.09 to $1.11 support range. If the token holds this ground, it could target a move toward $1.25. However, failing to maintain this support could lead to a retest of the $1 mark.