XRP, Negative Sentiment at its Worst...But Whales Achieve Highest Accumulation in 10 Months

▲ XRP

Market sentiment for XRP has fallen to its third-lowest level in the past two years. However, whales are showing a contrasting trend, achieving their highest accumulation in 10 months.

According to a report by virtual asset specialized media 24/7 Wall Street on April 28 (local time), XRP's social sentiment index recorded a ratio of 1.02 bullish opinions to 1.00 bearish opinions. This is the third most negative figure in the past two years. Data from on-chain analytics firm Santiment shows that negative posts about XRP almost surpassed positive posts on April 13. In the past, when this ratio fell to 0.96 in February 2025, the XRP price surged by 82% from approximately $2.00 to a high of $3.65 in July.

Unlike the sentiment indicators, actual fund flows are sending positive signals. In the week ending April 11, XRP investment products saw a net inflow of $119.6 million. This is the strongest weekly figure since December 2025. Notably, large holders are accumulating over 11 million XRP daily, and the 30-day moving average of whale inflows has reached its highest level in 10 months. The XRP spot ETF, launched in November 2025, has attracted a total of $1.29 billion in inflows to date, with a net asset value of approximately $1.06 billion.

Recently, the XRP price has fallen below the $1.40 to $1.45 range, maintaining around $1.39. This price pressure is intertwined with the global macroeconomic environment. The rise in Japan's 10-year government bond yields to 1.97-1.98% has increased pressure for yen carry trade liquidation, and geopolitical tensions in the Middle East have led investors to move towards safe-haven assets. Currently, XRP is trading below its 50-day, 100-day, and 200-day moving averages, continuing a short-term downtrend.

Analysts have identified progress in the U.S. cryptocurrency market structure bill (CLARITY) as a key variable for a future rebound. If this bill passes the Senate before the end of May, establishing XRP's commodity status under federal law, it is expected to accelerate fund inflows from large institutions such as pension funds and insurance companies. Additionally, the continued accumulation by whales and the direction of Bitcoin (BTC) are important indicators. If Bitcoin gains upward momentum due to the Federal Reserve's interest rate decisions or improvements in the global trade environment, XRP could also show a similar synchronization phenomenon, leading to a strong recovery.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. This content should be interpreted for informational purposes only.*