XRP jumps 6% as exchange data points to institutional accumulation

Break above $1.37 draws strong spot demand, with ETF inflows and retail buying suggesting positioning shift.

Make us preferred on Google

What to know:

• XRP rose about 6% to roughly $1.42 as spot buying sharply outpaced selling, with one exchange reporting retail purchase volumes up 212% between Feb. 23 and 24.
• New XRP exchange-traded funds have accumulated about $1.1 billion in net assets since mid-November, drawing steady inflows even as bitcoin ETFs are down for the year, suggesting a rotation within crypto holdings.
• Traders are watching whether XRP can hold the $1.40–$1.42 area as support and break above resistance near $1.45, with a drop below $1.37 risking a failed breakout and return to the prior trading range.

In this article

BTCBTC$65,121.75◢2.70%

XRP rallied 6% as bitcoin neared the $67,000 mark in U.S. morning hours Wednesday, with data from one exchange showing spot buyers outpaced sellers by more than 200%.

News Background

• Long-time XRP supporter and exchange Bitrue told CoinDesk that it observed a sharp surge in XRP spot activity between Feb. 23–24, with retail purchase volumes rising 212% and outpacing sell orders by more than two-to-one.
• The spike coincides with what some traders describe as a quiet accumulation phase following recent volatility.
• Institutional positioning also appears constructive. Since launching in mid-November, XRP exchange-traded funds have attracted roughly $1.1 billion in net assets, posting positive weekly inflows with only limited outflow days.
• That stands in contrast to bitcoin ETFs, which are down on a year-to-date basis, suggesting potential capital rotation within crypto allocations rather than broad-based exit.
• Spot traders also realized nearly $1.93 billion in losses during mid-February’s drawdown, Bitrue said, a shakeout that historically has preceded stronger recoveries once speculative leverage clears.

Price Action Summary

• XRP climbed from $1.34 to $1.42, gaining roughly 6%
• Break above $1.37 triggered a volume surge to 259M, more than double the daily average
• Price consolidated near $1.42 after testing $1.43

Technical Analysis

• The decisive move came with the sustained break above $1.37 resistance. Volume expansion confirmed participation beyond thin liquidity conditions, with price forming higher lows throughout the session.
• Near-term structure remains constructive while XRP holds above $1.40. However, overhead supply near $1.45 remains a key test.
• Failure to maintain current levels would shift focus back to the $1.37 breakout zone as first support.

What traders say is next?

• Traders are watching whether the $1.40–$1.42 zone can hold as a new base. A push above $1.45 would open room toward $1.50 and potentially $1.57.
• If momentum fades and XRP slips back below $1.37, the breakout risks turning into a false move, reopening the prior consolidation range.
• For now, elevated volume combined with spot-heavy buying suggests positioning is improving — but confirmation depends on follow-through above resistance.

More For You

Bitcoin climbs to $67,500, Circle leads crypto stocks higher, as bounce strengthens

Ether, solana and dogecoin are among the altcoins posting 10% or more advances.

What to know:

• Bitcoin rebounded more than 5% to about $67,500, triggering a broad crypto relief rally. Major altcoins such ETH, SOL, DOGE, ADA and LINK bounced around 10%.
• The surge followed weeks of extreme bearish sentiment and crowded short positions, with over $307 million in leveraged bearish bets liquidated over the past 24 hours.
• Crypto-related stocks rallied alongside digital assets, while a positive Coinbase Premium Index and the strongest U.S. spot bitcoin ETF inflows since early February signaled a tentative return of U.S. buyers and risk appetite.

Bitcoin climbs to $67,500, Circle leads crypto stocks higher, as bounce strengthens

8 minutes ago

Bitcoin treasury firm GD Culture set to sell BTC holdings to fund share buybacks

24 minutes ago

Endowments eye crypto allocations amid tougher return outlook for traditional investments

1 hour ago

CoinDesk 20 performance update: Polkadot (DOT) surges 17.2% as all assets rise

1 hour ago

The chief of the SEC is headlining an event sponsored by a crypto firm at war with it

2 hours ago

These bitcoin-linked stocks are doing better than BTC

3 hours ago

Circle Q4 earnings beat estimates as USDC issuance grows, shares surge

3 hours ago

Vitalik Buterin sold 17,000 ETH this month as ether fell 37%

9 hours ago

U.S. Senator opens probe on Binance over alleged $1.7 billion flow to Iranian entities

4 hours ago

One of the longest mining capitulations nears end, signaling potential BTC price bottom

4 hours ago

Crypto firm with U.S. bank charter holds bitcoin holder Strategy's preferred stock

9 hours ago

Leading stablecoin Tether shrinks again as market cap looks set for second straight monthly drop

8 hours ago