According to external sources, XRP has recently again become the focus of market attention, not just because of the price itself. The market began to reassess the position of the asset in the current cycle with the continued inflow of spot ETF funds, the increased dynamism of the XRP Ledger (XRPL) and the continued increase in large holdings.

Citing the view of market analyst ChartNerd, the article states that XRP, after years of adjustment, may be approaching a more critical stage. If the long-term structure is completed, subsequent trends may enter a new upstream. However, this judgement remains based on the premise that critical resistance positions are effectively breached.

ETF inflow close to $1.5 billion

It was reported that the cumulative inflows of XRP spot ETF were close to $1.5 billion. This data is seen as a signal of rising institutional interest and an indication that the willingness of professional investors to configure XRP is increasing.

At the short-line level, traders are now focusing on the $1.13 line. According to the article, if the price is clearly at this position, the next step could be to US$1.35. Currently, the XRP newspaper US$1.08 is still below the breakout zone.

The chain account is over $8 million.

In addition to financial flows, the XRPL chain data are also considered to be supporting factors. Reports indicate that the XRPL has more than 8 million activated accounts, reflecting the expansion of the network in the direction of payments, monetization, decentrization and business applications.

This change is not directly equivalent to price increases, but is usually seen by the market as a sign of a fundamental improvement. For investors relying on the use of the network to judge medium- and long-term trends, the growth in the number of accounts means that the ecology continues to operate, rather than staying at a mere price-trading stage.

The whale has 70 million XRPs a week.

The article also mentioned that the number of large holders accumulated over a week was about 7 million XRPs. Markets tend to view such moves as early deployments, especially when prices are in the process of being sorted out, and the increase in whaling tends to reinforce market expectations for subsequent breakthroughs.

At the same time, however, the report notes that the target positions of $8, $13 and $27 given by analysts are long-term technological evolution based on the Pibonacci expansion and are not price paths that have been identified as achievable. A more direct observation point than the future targets remains the continued inflow of funds and the ability of prices to break through the main areas of resistance.

Overall, the central judgement of this commentary is that the XRP market narrative is being driven by a combination of three factors, from a simple price rebound to an “institutional capital entry + increased dynamism in the chain + increased household ownership”. If a follow-up breakthrough is made, the XRP may be ushering in a period of heightened interest in recent years.