XRP Nears a Critical $1 Level: 3 Signals Point to a Potential Bottom
- Whales accumulated over 72 million XRP after the token briefly fell below $1.
- XRP ETFs recorded renewed inflows, while Morgan Stanley disclosed $1 million exposure.
- Strong $1 support and three billion accumulated XRP could signal a potential bottom.
Ripple's XRP has reached a level that could shape the next phase of price action. The token recently slipped below $1 before recovering quickly. That dip attracted aggressive buying from whales and institutional investors. ETF inflows also returned after several quiet sessions. Meanwhile, technical data shows strong demand around the $1 area. Three signals now stand out for traders watching XRP. They include whale accumulation, institutional inflows, and strong support around the current price.
Whale Accumulation And ETF Inflows Strengthen The Bullish Case
Whales have increased their XRP holdings during the recent decline. Data showed purchases exceeding 72 million XRP within one day. Whale holdings rose from 12.09 billion to 12.18 billion tokens. Such a sharp increase suggests larger investors viewed the dip as an opportunity. Institutional demand also returned through XRP exchange-traded funds. ETF products recorded $2.25 million in daily net inflows. Bitwise accounted for the entire inflow during the reported session.
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