Ripple (XRP) price remains near a crucial support zone between $1.28 and $1.30 despite analysts’ consensus leaning slightly bullish amid an increase in inflows to spot XRP ETFs.
On-chain data also shows that whales are increasingly selling XRP as the sentiment across the broader crypto market today shifts ahead of the upcoming US elections.
XRP Whale Inflows to Binance Hit 7-Month High
Data from CryptoQuant shows that the whales transacting more than 1 million XRP are increasingly sending their tokens to exchanges.
The data shows that since August, the monthly average whale inflows to Binance have risen by $72 million to $112.4 million. This marks the highest monthly average of whale inflows since March 2026.
Analyst DarkFost notes that the inflows coincide with gains in the value of XRP from below $1 in August, which has encouraged these large holders to book profits.
An earlier report by CoinGape also noted that XRP inflows to exchanges recently rose to the highest level in seven months.
ETF Inflows Surge on Rising Network Activity
Data from SoSoValue shows that XRP ETFs recorded $3.55 million in inflows on October 22. This was a stark contrast to the outflows of $635 million and $110 million, recorded by Bitcoin and Ethereum ETFs, respectively.
XRP ETFs have now seen inflows of $4.25 million this week alone, with this also marking a shift from the outflows of $1.84 million seen last week.
The ETF inflows coincide with a surge in network activity after the number of non-empty wallets on XRP Ledger reached a record high of 8.24 million.
The number of new wallets also rose to 4,772 within a single day, with this being the fifth-highest daily increase since March per Santiment data.
The rise in network activity coincides with multiple partnerships with Ripple. As CoinGape reported earlier, Ripple partnered with Arf to boost RLUSD settlement on the XRP Ledger.
XRP Price Holds Key Support Level
XRP price remains above the support zone between $1.28 and $1.30. The price has bounced from this zone twice before, suggesting that it could be acting as a good entry point for buyers.
The RSI reading at 42 suggests that the momentum is leaning bearish even as the crucial support level holds.However, the ADX line that is tipping south and has a reading of 20 suggests that the downtrend remains weak.
If XRP price loses this crucial support zone, it might crash to the psychological support at $1.
However, if buy-side pressure rises after the bounce from this zone, XRP price could move to the 61.8% Fib of $1.40. If it closes above this Fib, it could extend the gains towards $1.65.
