XRP price eyes $1.30 as whale accumulation boosts rebound
XRP recovered sharply after weeks of selling pressure, with traders returning to major altcoins as geopolitical fears eased.
- XRP rebounded as easing geopolitical fears helped traders rotate back into major altcoins this week.
- Wallets holding at least one million XRP now control 74.1% of its supply, Santiment says.
- ETF inflows, Binance withdrawals, and $1.30 resistance remain key factors for XRP traders this week.
Santiment said the token surged more than 13% in 24 hours and reclaimed $1.28 for the first time in two weeks before cooling from that level.
“XRP has staged an impressive comeback,” Santiment said.
The move followed a slide from above $2.30 in January to a June 11 low near $1.10. Updated market data showed XRP trading near $1.23 on June 16, up 4.17% in 24 hours, with volume above $3 billion. XRP ranked fifth by market value, with a market cap near $76.4 billion.
The rebound came as risk appetite improved across the crypto market. Traders reacted to reports that the U.S.-Iran conflict had reached a resolution, easing concern over energy prices, inflation pressure, and wider market stress.
Still, XRP remains below recent peaks. The token traded between $1.18 and $1.29 over the latest 24-hour period. It remains down about 13% over the past month and more than 43% over the past year. That leaves the recovery intact in the short term, but not enough to confirm a full trend change.
Whale wallets and exchange flows draw attention
Large XRP holders remain central to the current market setup. Santiment said wallets holding at least 1 million XRP now control 74.1% of supply and added 1.53 billion tokens over the past six months. That accumulation came while retail sentiment stayed weak.
This whale activity matters because it can reduce liquid supply when large holders keep coins away from short-term trading. It can also add confidence during rebounds, although it does not remove downside risk. If large wallets sell into strength, the rally may face pressure.
Exchange data also showed a shift in Binance activity. CryptoQuant analyst Amr Taha said XRP withdrawal transactions reached 53.2% on June 15 and stayed near 53.1% on June 16. Deposits fell near 46.7% and 46.8% over the same period.
Source: Amr Taha/CryptoQuant
The signal does not confirm immediate upside, but it shows transaction activity leaning toward withdrawals rather than deposits. In market terms, that may suggest fewer coins moving onto Binance for sale. However, traders still need price confirmation.
ETF demand and XRPL activity support the market story
Institutional demand remains another focus for XRP traders. As previously reported, XRP-linked products recorded positive inflows for a fifth straight week while Bitcoin and Ethereum products saw outflows. Recent fund-flow data showed XRP products added about $10.68 million in the week ended June 12, bringing cumulative inflows close to $1.44 billion. SoSoValue data also showed $2.82 million in Monday inflows on June 15.
XRP Spot ETF Net Inflow, source: SoSoValue
The ETF data has kept XRP in the institutional conversation despite its weak price trend this year. Analysts have noted that access alone has not been enough to lift XRP back toward January levels. Traders are still watching whether legal clarity, sustained inflows, and stronger spot demand can work together.
At the same time, traders are watching Ripple’s payment network and tokenization work on the XRP Ledger. Former Ripple developer Matt Hamilton recently pointed to XRPL’s long-running exchange design as new Solana DEX models drew attention. “This problem was solved 15 years ago on the XRP Ledger,” Hamilton wrote.
XRPL’s built-in DEX has operated since 2012, giving the network a long history in on-chain exchange design. Developers are also testing lending and AMM upgrades, which may keep XRP Ledger activity in focus. These network updates support the broader utility debate around XRP, but they do not guarantee token gains.
$1.30 remains the key short-term level
The next price test sits near $1.30. Crypto analyst CasiTrades said XRP is approaching major resistance in that zone after a stronger-than-expected bounce from the $1.09 macro support area. The analyst said the move may be early evidence of a new trend, but it still needs confirmation.
CasiTrades also said XRP has not removed downside risk unless it reclaims $1.65 and turns that level into support. If buyers fail at $1.30, traders may again watch the $0.90 support area. Another analyst, Batman, pointed to a bullish MACD crossover and rising futures activity, but open interest data still sits near its normal range.
The latest move has improved short-term momentum, but the market is still testing whether buyers can hold higher levels. A daily close above $1.30 would strengthen the recovery case. A rejection could leave XRP back inside its recent range, with traders watching Binance flows, ETF demand, and whale balances for the next signal.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
USD/JPY Price Forecast: Enters fresh upside leg on consolidation breakout
CoreWeave's quarterly report hits record highs, but Bernstein and HSBC still maintain "sell" ratings
The main concerns focus on three major issues: management claims an annual price of $20-25 million per megawatt, while actual financial data shows only $9.2 million; independent calculations by two institutions both indicate a financing gap of about $33 billion; by 2028, the market will see an influx of 55 gigawatts of new computing power, 20 times CoreWeave’s own capacity. With current debt at $46.9 billion and equity only $4 billion, and no free cash flow within this decade—the question of whether its scarce performance can last until the loans are repaid is something even strong quarterly reports cannot answer.
The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners
Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.
If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.
The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.
Crypto prices
More
