XRP Shows Bullish Signs As Whales Return And Awards Pour In

Ripple Prime is gaining attention after being shortlisted for four categories at the upcoming Hedgeweek US Awards in New York. The firm will compete against established names like Interactive Brokers this October, marking a significant milestone for their institutional brokerage services.

On the market front, XRP is showing renewed strength. Large investors holding between 100,000 and 100 million tokens have increased their holdings by nearly 3 percent over the last five weeks. Analysts point out that XRP price often correlates with these major stakeholders, suggesting the recent accumulation could favor a bullish trend.

Institutional interest is also climbing as spot XRP exchange traded funds continue to see net inflows. Since their launch, these products have attracted roughly 1.5 billion dollars in capital. While trading volume remained quiet over parts of last week, the consistent inflow of funds keeps sentiment positive among institutional participants.

Currently trading near 1.14 dollars, XRP is holding steady after a 3 percent weekly gain. Analysts are watching the 1.13 dollar mark closely, noting that a firm breakout above this level could push the price toward 1.30 dollars. Investors remain optimistic that this accumulation phase will support further gains in the near future.