XRP Price Climbs 3.6% in Past Hours: 2 Key Forces Behind the Surge
XRP posted a 3.6% price gain over the past 24 hours, bolstered by massive whale accumulation, technical strength, and a renewed surge of retail demand out of South Korea.
The move comes despite lingering caution following Ripple co-founder Chris Larsen’s recent $200 million token transfer.
Whales tighten supply, offseting co-founder’s sell-off
According to U.Today, large holders purchased over $415 million in XRP within a single day, absorbing bearish pressure and consolidating supply.
On-chain data reveals 2,743 wallets now hold over 1 million XRP each, collectively locking up 47.32 billion tokens. This reduction in liquid supply has offered price stability amid volatility fears.
The accumulation followed Larsen’s sell-off and appears to reflect increased institutional and whale confidence in XRP’s long-term positioning, especially as U.S. regulatory concerns ease.
Technicals suggest bullish setup forming
On the technical side, XRP continues to hold above the crucial $3.10 pivot, showing resilience even after being rejected at the $3.28 Fibonacci resistance. The RSI sits at 60.39, leaning neutral-to-bullish, while the MACD is nearing a bullish crossover. Analysts are watching closely for a golden cross between the 9-day and 26-day moving averages—a signal that could open the door toward a move to $3.34 and beyond.
South Korean FOMO intensifies XRP surge
Trading activity on Korean exchanges has spiked significantly. Upbit’s XRP/KRW pair alone accounted for 14% of the platform’s $3.2 billion daily volume, according to Coincu. This signals strong retail interest and FOMO (fear of missing out) among South Korean investors.
With the Altcoin Season Index up 115% in 30 days, XRP’s outperformance highlights the asset’s unique positioning as a regulatory rebound and technical breakout candidate.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
