Whales and Institutions Simultaneously Accumulating... XRP 'Calm Before the Storm' Signal

▲ XRP (XRP)/AI generated image ©

As institutional funds quietly accumulate, the XRP ETF market has surpassed $1.5 billion in 6 months, and with a decreasing supply structure intertwined, the medium-to-long-term bullish scenario is reigniting.

According to the investment media outlet TradingNews on April 24 (local time), the XRP (Ripple) spot ETF market recorded approximately $1.53 billion in assets under management (AUM) across a total of 7 products, with about 773 million XRP locked in regulated custody. This is a structural factor leading to a decrease in circulating supply, which could act as a long-term support base for the XRP price.

The leading ETF, XRPI, closed at $8.07, and the Rex-Osprey ETF, XRPR, closed at $11.81. Notably, Goldman Sachs disclosed XRP ETF positions worth approximately $153 million to $153.8 million, which is seen as a significant shift in institutional investment perception. Bank of America, MassMutual, and regional banks are also expanding their XRP exposure through ETFs, indicating increasing participation from traditional financial institutions.

Fund flows continue to maintain net inflows. Net inflows have continued for 9 consecutive trading days recently, totaling $73.78 million, with an additional $3.89 million on April 23 alone. However, the weekly inflow volume has slowed from $55.39 million to $9.30 million, indicating weakening short-term upward momentum. This is interpreted as a signal that institutional accumulation continues but is not in an aggressive buying phase.

Technically, XRP maintains support at the $1.43 level. While it holds above the 50-day EMA at $1.41 and the Bollinger middle band at $1.39, maintaining downside defense, it remains below the 100-day EMA at $1.53 and the 200-day EMA at $1.78, indicating limited upside. The Moving Average Convergence Divergence (MACD) remains in positive territory, and the Relative Strength Index (RSI) is at 56, showing moderate room for upward movement without being overbought.

The most crucial variable in the market structure is whether institutional fund accumulation re-accelerates. Current open interest is approximately $2.57 billion, a decrease from previous highs, indicating a slowdown in leverage demand. If ETF funds expand again to $15 million to $25 million per day, the likelihood of breaking through the $1.48 and $1.53 resistances is expected to increase.

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