Whales and Institutions Accumulating Simultaneously…XRP Signals 'Calm Before the Explosion'

▲ XRP/AI-generated image ©

As institutional funds quietly accumulate, the XRP ETF market has surpassed $1.5 billion in 6 months, and with the coinciding structure of reduced supply, a mid-to-long-term bullish scenario is reigniting.

According to investment media TradingNews on April 24 (local time), the XRP (Ripple) spot ETF market recorded approximately $1.53 billion in Assets Under Management (AUM) across 7 products, with about 773 million XRP locked in regulated custody. This is a structural factor leading to a decrease in circulating supply, which analysts suggest could act as a long-term support base for the XRP price.

The flagship ETF, XRPI, closed at $8.07, and the Rex-Osprey ETF, XRPR, closed at $11.81. Notably, Goldman Sachs' disclosure of approximately $153 million to $153.8 million in XRP ETF positions is seen as a significant shift in institutional investment perception. Bank of America, MassMutual, and even regional banks are expanding their XRP exposure through ETFs, indicating an increasing participation from traditional finance.

Fund flows continue to show net inflows. Net inflows have continued for 9 consecutive trading days recently, totaling $73.78 million, with an additional $3.89 million on April 23 alone. However, the weekly inflow volume has slowed from $55.39 million to $9.30 million, indicating weakening short-term upward momentum. This is interpreted as a signal that institutional accumulation is ongoing but not yet in an aggressive buying phase.

Technically, XRP is maintaining support at the $1.43 level. While it holds above the 50-day EMA at $1.41 and the Bollinger Mid-band at $1.39, maintaining downside defense, it remains below the 100-day EMA at $1.53 and the 200-day EMA at $1.78, indicating limited upside. The Moving Average Convergence Divergence (MACD) remains in positive territory, and the Relative Strength Index (RSI) is at 56, suggesting room for a moderate rise without being overbought.

The most crucial variable in the market structure is whether institutional funds will re-accelerate. Current open interest stands at approximately $2.57 billion, a decrease from previous highs, indicating weakened demand for leverage. If ETF funds expand again to $15 million to $25 million per day, the likelihood of breaking through the $1.48 and $1.53 resistance levels is expected to increase.

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