XRP don bounce go near $1.30 as whales dey accumulate and ETF money dey flow in
XRP dey rebound after weeks wey sellers de pressure am, and sentiment don improve as geopolitical fear don calm down. Santiment data show say whale wallets wey get at least 1M XRP control 74.1% of supply and dem don add about 1.53B XRP in the past six months.
Price don confirm the turnaround: XRP jump more than 13% in 24 hours, reclaim $1.28 for the first time in two weeks, and e dey around $1.23 on June 16 (up 4.17% daily). Volume dey above $3B and XRP still the 5th-largest crypto by market cap near $76.4B, though e still about 13% down for the month.
Market flow signals mixed but constructive. CryptoQuant-cited data show say Binance withdrawals dey rise (share ~53%) while deposits dey fall (around 46–47%), meaning fewer tokens dey move to exchanges to sell. Separate, XRP-related ETF/product inflows don run for fifth straight week, adding about $10.68M for the week ended June 12, with cumulative inflows near $1.44B.
For traders, $1.30 na the key resistance. Daily close above $1.30 go strengthen the recovery case; rejection fit drag XRP toward $0.90. Bigger trend reversal no confirm unless XRP reclaim higher levels around $1.65.
Bullish
Di news dey bullish for XRP for short term becos whale accumulation (high concentration of supply among big holders) and steady ETF/product inflows dey support buy-side demand. Di mixed but constructive exchange flow data (Binance withdrawals dey rise and deposits dey fall) also show say sell pressure fit dey less. But resistance for $1.30 still be near-term trigger; if e fail for there e fit cause pullback, so the move look like better recovery rather than confirmed trend reversal until XRP fit reclaim higher levels near $1.65.