Key Takeaways
Why is the recent whale transfer fueling renewed optimism for XRP?
Because it signals large-scale accumulation at key support zones, suggesting growing investor confidence.
How are derivatives and on-chain metrics reinforcing XRP’s bullish outlook?
A 247% surge in Funding Rates and stronger network activity reflect revived market momentum.
A massive 42 million Ripple [ XRP], worth approximately $98.6 million, has been transferred from Gemini to an unknown wallet, triggering speculation about large-scale accumulation.
Historically, such outflows from exchanges suggest that whales are securing assets for long-term holding rather than short-term trading.
This activity often signals that major investors anticipate a potential rebound following market corrections.
Moreover, this movement coincides with XRP’s price consolidating near the $2.20–$2.30 support zone, strengthening the idea that institutional players are taking advantage of discounted prices.
Therefore, this transfer reinforces the growing belief that XRP may be nearing a major turning point.
XRP price tests key support as descending channel narrows
XRP remains locked in a descending channel, moving between $2.20 and $2.65 while showing signs of tightening volatility.
The repeated defense of the $2.20 support level highlights a significant accumulation area where bullish demand continues to absorb selling pressure.
At press time, RSI hovered around 42, indicating mild oversold conditions that could support a technical bounce.
If XRP manages to reclaim the $2.65 resistance, it could trigger a short-term breakout toward $3.12.
However, if sellers manage to push below the $2.20 threshold, bearish momentum could temporarily strengthen before buyers regain control of the trend.
Source: TradingView
Buyers gain ground as Spot Taker CVD turns bullish
The Spot Taker CVD metric has shifted decisively toward buy-side dominance, suggesting that bullish traders are increasingly active in the market.
This indicator measures the difference between buying and selling pressure, and its current positive reading highlights growing confidence among spot traders.
As buyers execute aggressive market purchases, they appear to be front-running potential price reversals near key support zones.
This rising CVD trend aligns with whale accumulation, showing that both retail and institutional traders are positioning for upside.
Consequently, the growing buying momentum could limit further downside pressure in the short term.
NVT ratio drop underscores improved network health
At the time of writing, the Network Value to Transaction (NVT) ratio has declined by 30.7% to 75.93, indicating that XRP’s transaction volume is increasing faster than its market capitalization.
A falling NVT ratio typically signals improved on-chain efficiency, suggesting that the network is processing greater transaction activity relative to its valuation.
This trend often coincides with undervalued market conditions, hinting at a possible recovery phase.
Therefore, the decline implies that XRP’s fundamental activity is strengthening even as its price remains subdued.
If this on-chain improvement continues, it could support renewed investor confidence and drive steady accumulation across the broader market.
Funding Rates surge as long traders regain control
Funding Rates have surged by 247.57%, at press time, highlighting a sharp increase in leveraged long positions on XRP’s perpetual contracts. This spike reflects growing optimism among traders anticipating a short-term rebound.
When Funding Rates turn highly positive, it typically indicates that more participants are paying premiums to hold long positions, reinforcing bullish bias in the derivatives market.
However, such aggressive positioning could also heighten liquidation risks if the price fails to sustain momentum.
Nevertheless, the strong derivatives activity suggests that speculative confidence is returning, creating favorable conditions for a potential breakout above the $2.65 resistance zone.
Ultimately, Whale accumulation, rising buyer dominance, and stronger network activity collectively reinforce a bullish setup for XRP.
The $2.20 support zone has proven resilient, anchoring renewed confidence across both spot and derivatives markets.
With buying pressure intensifying and Funding Rates soaring, momentum now favors an upside continuation.
A decisive push above the $2.65 resistance would establish a clear recovery trend and set the stage for XRP to reclaim higher price ranges in the coming sessions.
