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XRP whales bought 470M tokens worth $724M, eyeing a bullish breakout above $1.60 toward $2.

Technical Signals
25 Sep 2026
Blockonomi
View Source
Bullish
XRP whales bought 470M tokens worth $724M, eyeing a bullish breakout above $1.60 toward $2.

XRP whales accumulated over 470 million tokens valued at approximately $724 million within five days, coinciding with an inverse head-and-shoulders pattern forming on the daily chart. XRP's price is currently near $1.55, approaching a critical resistance level at $1.60, which acts as a confirmation point for a potential bullish breakout. If XRP breaks above $1.60 decisively, technical analysis suggests a possible price target near $2. Additionally, momentum indicators like the RSI are being closely watched to confirm the strength of this move. Traders should monitor whether XRP can sustain momentum above $1.60 to validate the bullish setup.

While XRP approaches the $1.60 resistance level mentioned in the article, on Pluang it trades at Rp27.921 with a notable 1-day gain of 6.30% as of Sep 25, 2026 18:02 WIB. This price is supported by a market cap of Rp1.750,17 trillion and a 24-hour trading volume of Rp85,03 trillion, showing significant activity compared to its circulating supply at 63% of the total 100 billion XRP. The typical hold time of 71 days and a slightly higher sell order activity at 56% versus 44% buy orders reflect a balanced but cautious trader sentiment at this moment.

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