Whale Accumulation Fuels Ethereum Rebound While XRP Leads Crypto Recovery with Strong Fundamentals
Whale Accumulation Fuels Ethereum Rebound While XRP Leads Crypto Recovery with Strong Fundamentals
The crypto market shows signs of recovery, with significant movements in major assets. Ethereum has seen aggressive accumulation by whales, with over 394,000 ETH worth $1.37 billion acquired in just three days. This indicates strong long-term confidence among major investors, who view the recent correction as a buying opportunity, potentially preceding an impulsive price move. Ethereum is currently finding support at its 200-day moving average but faces short-term resistance.
In parallel, XRP is demonstrating exceptional strength, outpacing both Bitcoin and Ethereum with a nearly 5% rally. This performance is driven by robust fundamentals, including Ripple's strategic partnership with Mastercard for enterprise-grade payment infrastructure and heightened speculation regarding a potential BlackRock XRP ETF. Significant institutional investment in Ripple, coupled with on-chain data showing rapid XRP accumulation and network growth, positions XRP as a frontrunner for the next wave of institutional adoption. Bitcoin and Ethereum, in contrast, are noted to be under pressure and consolidating.
Ethereum Whales Accumulate Aggressively Signaling Future Upside
Ethereum (ETH) is working to regain stability following a recent market selloff, with its price briefly dipping below $3,100. Despite this volatility, on-chain data reveals significant accumulation by large investors, commonly known as whales. Over the past three days, these entities have collectively acquired 394,682 ETH, valued at approximately $1.37 billion. This aggressive buying pattern suggests strong long-term confidence in Ethereum's fundamentals and a view that the recent correction presents a prime buying opportunity.
Historically, such whale accumulation during market pullbacks often precedes substantial rebounds, as smart money positions itself ahead of anticipated impulsive moves. Analysts suggest that if buying pressure persists, ETH could establish a robust foundation for recovery into mid-November. Technically, Ethereum has found temporary relief after testing its 200-day moving average, a crucial long-term support level. ETH is currently trading around $3,380, but faces immediate resistance near the $3,500–$3,600 range where the 50-day and 100-day moving averages converge. A decisive break above these levels could pave the way for a recovery towards $3,800.
XRP Price Surges on Strong Fundamentals, Outshining Bitcoin and Ethereum
Following a turbulent week across the broader crypto market, XRP has emerged as a standout performer, rallying nearly 5% to trade around $2.31 and significantly outpacing both Bitcoin (BTC) and Ethereum (ETH). While Bitcoin struggled to maintain the $104,000 mark and Ethereum remained under pressure, XRP's ascent is attributed to a confluence of robust fundamental developments.
Key drivers include Ripple's strategic partnership with Mastercard, marking a pivotal moment for enterprise-grade payment infrastructure as a U.S.-regulated bank tests real credit card transactions on Ripple's public blockchain via its RLUSD stablecoin. Furthermore, speculation around a potential BlackRock XRP ETF has intensified, fueled by comments from BlackRock’s Director of Digital Assets suggesting substantial institutional capital inflows into the on-chain space. Such a product could provide regulatory recognition and attract billions in investment, bolstering XRP's long-term value.
Ripple's recent valuation reaching $40 billion, backed by leading firms like Fortress Investment Group and Citadel Securities, underscores growing institutional confidence. On-chain metrics further reinforce this bullish sentiment, with over 1.4 billion XRP tokens withdrawn from exchanges since September—the fastest accumulation pace since 2022—and a surge in new wallet creations. This combination of real-world utility, corporate adoption, and strong on-chain accumulation positions XRP as a potential leader in the next institutional adoption wave, even as Bitcoin and Ethereum continue to consolidate.