YEREVAN (CoinChapter.com) —On April 16, 2025
XRP trades near $0.26, just above the key horizontal support zone between $0.23 and $0.25. The daily chart displays a bull flag pattern, showing price consolidation after a sharp move up. This structure typically signals continuation of the prior uptrend, but only if price breaks above the upper boundary with strong momentum. However, the 200-day moving average remains overhead and continues to act as resistance. Trading volume also remains low, which suggests that a breakout has not yet occurred.
Since peaking near $0.75 in March 2024, XRP has followed a consistent downtrend. The descending channel within the bull flag reflects a pattern of lower highs and lower lows, where each price peak and trough declines gradually. Now, the price approaches a decision point within the flag.
A higher low—a new low that holds above the previous one—inside this formation would suggest that buyers are stepping in earlier, a signal often seen before bullish continuation. For this setup to remain valid, XRP must hold above key support and break the upper trendline with increased volume.
The chart confirms that price continues to respect both the downward-sloping resistance line and the rising support base. XRP keeps trading within this consolidation channel without a breakout. The overall trend stays neutral until the price closes above the flag structure and clears the 200-day average. A confirmed breakout would indicate trend continuation and offer a lower-risk entry point.
Whale Accumulation Points to Strong On-Chain Support
Meanwhile, Glassnode data shows that addresses holding over 100,000 XRP have steadily increased their supply since early 2023. These wallets now hold more XRP than during the majority of the previous cycle.
The trend confirms that large holders have accumulated during the drawdown, absorbing supply at lower levels.
Whale accumulation reduces available liquidity on exchanges and eases sell-side pressure. These addresses are typically long-term holders. Their continued growth suggests sustained confidence in XRP’s future performance, especially as price remains near support.
ProShares XRP ETF Filing Signals Institutional Momentum
Additionally, on April 30, 2025, ProShares will launch an XRP futures ETF, as confirmed by a public registration statement filed with the SEC. The fund, listed under the ProShares Trust and registered under the Investment Company Act of 1940, will take effect automatically under paragraph (a)(2).
The ETF will provide regulated futures-based exposure to XRP, expanding access for institutional investors. It also marks a significant milestone in XRP’s regulatory journey, following years of limited availability in U.S. markets. With ProShares already offering Bitcoin and Ethereum products, the XRP futures ETF signals growing demand for altcoin exposure in traditional finance.
The listing adds legitimacy to XRP as an investment asset and creates a new path for capital inflow. This institutional development, combined with the ongoing whale accumulation and a potential bullish chart structure, frames the current price zone as a key technical area.