The XRP ETF market exhibited robust trading activity with $12.27 million in volume, as buying interest absorbed early sell pressure. On-chain data from Santiment Intelligence revealed a record 332,230 XRP Ledger wallets now hold at least 10,000 XRP, signaling sustained accumulation by large holders. Analysts identify $1.51 as a crucial resistance level, with a sustained breakout potentially opening the path toward higher price targets.
XRP ETF activity showed renewed strength, with $12.27 million in trading volume recorded in a recent session. Market participants noted that early selling was countered by buying interest, maintaining balanced order books and limiting price fluctuations. “Such moves are usually indicative of trading activity in advance of an eventual trend in the cryptocurrency market,” according to one observer on X.
Meanwhile, on-chain data from Santiment Intelligence demonstrates significant accumulation trends. The number of addresses containing at least 10,000 XRP has reached an all-time high of 332,230 wallets. This consistent upward trajectory suggests large players continue buying despite market fluctuations.
Regarding price structure, analysts state a weekly close above the $1.51 level is needed to confirm a breakout. As per their analysis, maintaining support between $1.54 and $1.60 is crucial for the positive trend. Above the $1.30 to $1.50 range, further upside could target $2.17 and $5.20.
The current XRP ETF structure indicates the asset is in a consolidation phase. Technical traders watch for a confirmed breakout above resistance accompanied by strong buying volume to signal an impulsive movement.
