XRP is rapidly approaching its big move. Seven U.S. XRP-related ETFs trade, XRP-related ETF inflows totaled $1.24 billion. The on-chain XRP-supply shock continues to grow, while XRP-related whale accumulation is at its highest level since the crash. Dominus (@BaronDominus on X) a crypto analyst, believes that the window of opportunity for XRP’s next major move is rapidly closing. Legal clarity, institutional purchasing, and a recent weekly RSI value, which appeared before a 6-fold rally, all point in the same directions. Discussions about XRP’s price are increasing as a consequence.
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A new XRP bull run is on the way, fueled by whale accumulation and ETF inflows.
Legal Overhang Is Gone
XRP was kept out of reach by regulated financial institutions for 5 years. Both Ripple and the SEC dismissed their appeals, and federal courts confirmed XRP is not a security — and that shift is exactly what the XRP big move thesis needed. Dominus said that the legal barriers that prevented banks and asset managers from touching the token are gone, and that the biggest barrier to the token is no longer there.
Dominus stated:
“The SEC lawsuit that destroyed XRP’s price for 5 years? OVER. Done. Both sides dismissed their appeals. Federal courts confirmed XRP is NOT a security. The single biggest reason institutions couldn’t touch XRP is GONE.”
ETF inflows, whale wallets and a tightening supply
Franklin Templeton owns 118 million units of XRP. Seven U.S.-based XRP exchange traded funds are now live. Grayscale, Bitwise 21Shares and Canary Capital have also filed. BlackRock hasn’t filed yet — Dominus notes the firm tracks a $3 billion internal ETF threshold, and the market currently sits at 41% of that.
XRP whales accumulation data gives more credibility to the XRP move big case. Top 100 whale wallets contain no less than 26,96 billion XRP.
Dominus said:
“$5.7 BILLION worth of XRP pulled OFF exchanges (supply shock incoming). Top 100 whale wallets: 26.96 BILLION XRP locked up. CryptoQuant Whale Flow 30-DMA: FLIPPED POSITIVE (smart money signal). Binance XRP outflows spiking — supply leaving = price spiking.”
The RSI reading with historical precedent
The weekly RSI for XRP currently stands at 32.96. During the most recent period of time that XRP was at this level – in 2020 – it increased by 6x over 90 days. Dominus compares this to the current XRP Big Move structure which occurred in 2021. The XRP Next Big Move, which increased the token by 10x and took it from $0.17 up to $1.96 happened, but the SEC suit was still ongoing.
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XRP’s thesis of a big move in today’s market is based upon conditions that were not present at the time. These included: the elimination of legal risks, the existence and active participation of seven ETFs. 140+ bank partnersThis is a climate that favors crypto and the use of cryptocurrency. This causes XRP pricing prediction models to be more active, as both the XRP data for supply shocks and the XRP accumulation whale numbers are added. Next, analysts will be watching XRP ETF flows. If BlackRock filed for a listing, then the XRP price prediction models may run hotter.
Dominus is a stated name
“If XRP could 10x during the worst legal battle in crypto history… What does it do when everything is clean and the institutions are piling in?”
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Source: watcher.guru
