XRP Institutional Accumulation Signals Potential Major Price Breakout

Recent on-chain analysis reveals that the launch of spot ETFs in the US has influenced XRP's price dynamics.

Institutional Accumulation Indicated by On-Chain Activity

  • The XRP Active Addresses metric dropped to around 19,400, its lowest this year, indicating reduced retail engagement but not affecting the price negatively.
  • This discrepancy suggests institutions may be accumulating XRP off-chain through OTC desks and custodial services.

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A defense of the $2.20 price support is ongoing, indicating institutional buying despite low on-chain activity.

Implications for XRP Price

  • The decrease in active addresses highlights a lack of retail investor participation.
  • Price stability amidst retail scarcity suggests a supply shock due to ETF inflows and institutional interest.
  • Future significant price increases depend on the return of retail liquidity.

Currently, the XRP token is priced at $2.18, with a 2% rise in 24 hours and a 14% increase over the past week.

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