XRP (XRP) Whales Accumulate $2.2 Billion in Tokens Over 96 Hours

Whale Flows and Ledger Activity Pick Up

On-chain data shows XRP (XRP) whales absorbed roughly 1.54 billion tokens — about $2.2 billion at prevailing prices — across a 96-hour window, accumulation that coincided with the asset pushing up to $1.43 and a 3.51% gain over 24 hours at that reading. The broader market was supportive: total crypto capitalization added 1.5% to reach $2.79 trillion in the same stretch, with Bitcoin hovering near $81,000 and Ethereum climbing toward $2,600. Network activity echoed the demand. The XRP Ledger processed 2,344,225 transactions in a single day, an 8.9% increase from 24 hours earlier — evidence that asset movement and application usage on the XRP settlement asset's rails accelerated, though the surge needs to persist before it can be read as durable adoption. Not every whale flow points the same way, however. Deposits of 1.6 billion XRP into the Binance exchange reached their highest level since March 2026, a distribution signal our Binance whale inflows data confirms sits awkwardly next to the accumulation tally. Leverage also built faster than turnover: XRP contract trading volume rose 2.73% to $5.13 billion while open interest jumped 8.12% to $3.24 billion, meaning fresh speculative positioning outpaced simple churn. Traders now treat $1.45 as the first hurdle — a confirmed breakout opens $1.50 and, if momentum extends, $1.60. RSI sits near 65, below the overbought 70 threshold, while Chaikin Money Flow holds a positive 0.18. A rejection instead risks a slide toward $1.40, with the ascending channel's lower boundary near $1.36 as the deeper test.

Evernorth Lines Up $30 Million

Away from the tape, the XRP-focused treasury company Evernorth has secured an additional $30 million in financing — but the money arrives with strings attached. A fresh SEC filing shows the firm entered a note purchase agreement on September 11 with NH Investment & Securities, acting as trustee for Kyobo AIM Corporate Finance General Private Investment Trust No. 3 — a Korean institutional mandate putting capital behind Ripple's treasury strategy. The structure calls for $30 million of 4% convertible senior PIK notes due 2031, meaning interest obligations can be settled in additional securities rather than cash, easing near-term liquidity strain. The catch is explicit: issuance of the notes is conditional on the closing of Evernorth's previously announced business combination with Armada Acquisition Corp. II, a deal involving Pathfinder Digital Assets and Ripple Labs, with the two transactions expected to close concurrently. Evernorth targets Q4 completion, so the fresh $30 million rides entirely on the broader merger clearing. One regulatory hurdle is already behind it — the SEC declared the company's Form S-4 registration statement effective on August 27, moving the combination past registration review. What remains is shareholder approval, with Armada II holders expected to vote on the deal, plus customary closing conditions. The raise advances Evernorth's plan to become a publicly traded company that holds and actively manages XRP as a treasury asset. The firm has previously disclosed more than $1 billion in gross proceeds from strategic institutional backers, including Ripple itself, SBI Holdings, Pantera Capital, Kraken and Arrington Capital, as detailed in Evernorth's $30 million convertible note filing trail. Readers tracking the market in real time can follow live spot and futures prices on Bybit.

$1.4255 Resistance Is the Line

COINOTAG's proprietary 42-indicator composite S/R scoring engine reads XRP at $1.4115, sitting just beneath a fortified ceiling: the $1.4255 resistance scores 91/100 on the confluence of a flip S→R level, Value Area High and POC. First support at $1.3676 carries a 99/100 rating from Pivot Point, VWAP and Bollinger Band confluence, with $1.2930 next at 77/100. RSI prints 56.11, MACD is bearish and the trend is sideways. On the derivatives side, funding of 0.0071%, $987.5 million in open interest and a 2.75 long/short account ratio (73.3% long) point to crowded long positioning, while the Fear and Greed Index at 71 (Greed) leaves little fear cushion. The bullish scenario needs a daily close above $1.4255 to open $1.4961 and $1.5472; losing $1.3676 invalidates the setup and puts $1.2930 back in play.