XRP is showing strong breakout potential after a $60 million whale transfer and increased institutional accumulation, signaling possible upward momentum in the near term.
-
XRP price surged to $3.10, marking short-term resistance after a recovery from $2.72.
-
Large XRP transfers from Upbit to unknown wallets suggest growing self-custody and accumulation by whales.
-
Institutional players like Hyperscale and Flora Growth Corp are adding XRP to their balance sheets, indicating confidence in the asset.
XRP price breakout and institutional accumulation highlight growing market confidence. Stay informed with COINOTAG’s latest crypto news updates.
Is an XRP Price Breakout Imminent?
XRP price is currently testing key resistance levels after a notable recovery. Trading at $3.03, XRP reached an intraday high of $3.10, reversing gains from a recent low of $2.72. This price action suggests a potential breakout if momentum sustains above $3. Failure to hold this level could see support tested between $2.55 and $2.40.
What Does the Recent Whale Activity Indicate?
Blockchain tracker Whale Alert reported a significant transfer of 20 million XRP, valued at approximately $60.6 million, from South Korea’s Upbit exchange to an unknown wallet. This move is widely interpreted as accumulation by large holders opting for self-custody, which often signals long-term bullish sentiment. Such withdrawals reduce circulating supply on exchanges, potentially supporting upward price pressure.
How Is Institutional Accumulation Impacting XRP?
Institutional interest in XRP is rising, with companies like Hyperscale and Flora Growth Corp publicly disclosing XRP holdings. Hyperscale’s recent Form 8-K filing reveals plans for monthly digital asset reporting, beginning with XRP additions. Additionally, Hyperscale’s subsidiary, Ault Capital Group Inc., announced a $10 million XRP purchase on May 28, 2025. Flora Growth Corp also holds XRP alongside other major cryptocurrencies to strengthen its balance sheet, reflecting growing corporate confidence in XRP’s value proposition.
| Institution | XRP Holdings | Recent Activity |
|---|---|---|
| Hyperscale | Initial XRP assets reported | Monthly updates planned |
| Ault Capital Group Inc. | $10 million XRP purchase | Announced May 28, 2025 |
| Flora Growth Corp | Holds XRP, Solana, ETH | Balance sheet enhancement |
What Are the Key Factors Driving XRP’s Market Momentum?
Whale accumulation, institutional adoption, and price recovery are the main drivers behind XRP’s current momentum. Large transfers to self-custody wallets reduce exchange supply, while corporate balance sheet additions signal growing trust. Traders are closely watching the $3 price level as a critical point for confirming a sustained breakout.
What Risks Could Affect XRP’s Price Movement?
While momentum is positive, failure to maintain support between $2.55 and $2.40 could trigger a short-term pullback. Market volatility and regulatory developments remain key risks. However, current on-chain data and institutional disclosures provide a strong foundation for potential gains.
Frequently Asked Questions
What is the significance of large XRP transfers from exchanges?
Large XRP transfers from exchanges to unknown wallets typically indicate accumulation by whales opting for self-custody, which reduces circulating supply and often precedes price increases.
Why are institutions buying XRP now?
Institutions are purchasing XRP to diversify their digital asset holdings and strengthen balance sheets, reflecting growing confidence in XRP’s long-term value and utility.
Key Takeaways
- Whale Activity: A $60 million XRP transfer suggests strong accumulation and self-custody trends.
- Price Action: XRP is testing resistance at $3.10, with support zones between $2.55 and $2.40.
- Institutional Interest: Companies like Hyperscale and Flora Growth Corp are adding XRP to their balance sheets, signaling confidence.
Conclusion
XRP’s recent whale movements and institutional accumulation highlight growing market confidence and potential for a price breakout.
