XRP Spikes 3%: Are $9 Million In Whale Inflows Driving The Reversal?

XRP (CRYPTO: XRP) is up 3% to $2.46 on Monday, recovering from a three-week slump that wiped out almost 30% of its value as derivatives activity spiked sharply.

Whales Return As XRP Outflows Finally Slow

XRP Netflows (Source: Coinglass)

After two weeks of relentless redemptions, XRP’s bleeding phase appears to be cooling. 

Data from Coinglass shows cumulative spot outflows of more than $350 million in the first half of October have now reversed into modest inflows totaling $9 million this week.

Whale accumulation has returned, with $6.4 million in inflows recorded on Oct. 20 alone, hinting that large holders are repositioning ahead of upcoming ETF-related developments. 

XRP Futures And Options Activity Explodes …

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