XRP price experienced a steep 42% correction following the U.S.-China tariff shock, dropping to as low as $1.77 before finding strong support around $2.30. Institutional wallets have been accumulating XRP at this key level, with on-chain data showing a 1,000% increase in whale transactions exceeding $500,000 within 24 hours, signaling renewed confidence among large investors.
Technical indicators reveal that XRP is trading below the 100-day SMA at $2.63, with the RSI at 35 indicating oversold conditions. However, long lower wicks on daily candles around $2.30-$2.32 suggest fresh buying pressure. If support holds, a rebound toward $2.70 and $3.18 is possible, with a breakout above $3.30 potentially igniting a move to $6.
Optimism surrounds a potential XRP ETF approval by the U.S. SEC, with Franklin Templeton's review extended to November 2025. Historically, such institutional accumulation phases have preceded significant rallies, similar to early 2021 trends. Meanwhile, whales are diversifying into emerging altcoins like MAGACOIN FINANCE, which has raised over $15 million in its presale and is undergoing audits by HashEx and CertiK, positioning it as a high-growth alternative with potential 20x-100x gains post-listing.
