XRP Eyes $1.30 as Whale Accumulation Boosts Rebound

XRP has rebounded from weeks of selling pressure as geopolitical fears eased and traders rotated back into major altcoins. The token surged over 13% in 24 hours, reclaiming $1.28 for the first time in two weeks before cooling off. According to Santiment, wallets holding at least one million XRP now control 74.1% of its supply.

This whale activity can reduce liquid supply when large holders keep coins away from short-term trading and add confidence during rebounds. However, it does not remove downside risk. If large wallets sell into strength, the rally may face pressure.

Exchange data showed a shift in Binance activity, with XRP withdrawal transactions reaching 53.2% on June 15 and staying near 53.1% on June 16. Deposits fell to around 46.7% and 46.8% over the same period. This suggests fewer coins are moving onto Binance for sale.

Institutional demand remains another focus for XRP traders, with XRP-linked products recording positive inflows for a fifth straight week while Bitcoin and Ethereum products saw outflows. Recent fund-flow data showed XRP products added about $10.68 million in the week ended June 12, bringing cumulative inflows close to $1.44 billion.

The next price test sits near $1.30, with crypto analyst CasiTrades saying XRP is approaching major resistance in that zone after a stronger-than-expected bounce from the $1.09 macro support area. A daily close above $1.30 would strengthen the recovery case.