XRP, Negative Sentiment at Its Worst...But Whales Achieve Highest Accumulation in 10 Months

▲ XRP

Market sentiment towards XRP has fallen to its third-lowest level in the past two years. However, whales are showing a contrasting trend, achieving their highest accumulation in 10 months.

According to a report by the virtual asset specialized media 24/7 Wall Street on April 28 (local time), XRP's social sentiment index recorded a ratio of 1.02 bullish opinions to 1.00 bearish opinions. This is the third most negative figure in the past two years. Data from on-chain analysis firm Santiment shows that on April 13, negative posts about XRP almost surpassed positive posts. In February 2025, when this ratio dropped to 0.96, the XRP price surged by 82% from approximately $2.00 to a peak of $3.65 in July.

Unlike the sentiment indicators, actual fund flows are sending positive signals. In the week ending April 11, XRP investment products saw a net inflow of $119.6 million, the strongest weekly figure since December 2025. In particular, large holders are accumulating over 11 million XRP daily, and the 30-day moving average of whale inflows has reached its highest level in 10 months. The XRP spot ETF, launched in November 2025, has attracted a total of $1.29 billion to date, with its net asset value reaching approximately $1.06 billion.

Recently, the XRP price has fallen below the $1.40 to $1.45 range, maintaining around $1.39. This price pressure is intertwined with the global macroeconomic environment. Japan's 10-year government bond yields rose to 1.97-1.98%, increasing pressure for yen carry trade liquidation, and geopolitical tensions in the Middle East led investors to move towards safe-haven assets. Currently, XRP is trading below its 50-day, 100-day, and 200-day moving averages, continuing a short-term downtrend.

Analysts pointed to the progress of the U.S. cryptocurrency market structure bill (CLARITY) as a key variable for a future rebound. If this bill passes the Senate before the end of May, establishing XRP's commodity status under federal law, an acceleration of fund inflows from large institutions such as pension funds and insurance companies is expected. Furthermore, the continued accumulation by whales and the direction of Bitcoin (BTC) are also important indicators. If Bitcoin gains upward momentum due to the Federal Reserve's interest rate decisions or improvements in the global trade environment, XRP could also show a synchronized strong recovery.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*