$XRP reached a high of $1.65 on September 25, a move that coincided with the first 2026 daily golden cross on its USD chart. The surge coincided with the strongest high-value activity in about a month, recording 1,917 whale transactions worth $100,000. Network growth also spiked to 3,647 new $XRP wallets. Bitwise filed an updated $XRP ETF registration with the SEC on September 18, with $XRP marking four straight days of gains around this timing.
Timing says no?
At the time of writing, $XRP was down 1.19% in the last 24 hours to $1.55 after reaching a high of $1.62 in Friday's session.
While $XRP is currently seeing profit-taking, a few signals suggest that the token may still have room to run.
According to Ali, a crypto analyst, the URPD indicator shows relatively little resistance ahead until $1.60, where roughly 2.50 billion $XRP previously changed hands, highlighting potential profit-taking near this level before the next major move.
$XRP appears to have completed the right shoulder of a major inverse head-and-shoulders pattern on its USD daily chart. With the $1.60 level in focus, a decisive break above the neckline could confirm the pattern and trigger another 30% rally toward $2.
The 365-day MVRV for $XRP, despite the rally in price, is at -11.75, which means the average trader who has been active in the last year is facing losses. The downside risk is limited, which is good news, and traders can bounce back if demand stays strong.
In just five days, whales have accumulated more than 470 million $XRP, worth around $724 million, and they continue to stack $XRP in expectation of the next move.
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