XRP Surges 4% as Whales Bought $724 Million In 5 Days: What's Going On?

XRP jumps 4% Friday as whale accumulation and three straight days of ETF inflows build momentum.Why Whales Are Loading UpWidely followed crypto analyst Ali Martinez posted on X that whales accumulated more than 470 million XRP in just five days, worth around $724 million.He also flagged an inverse head-and-shoulders pattern still forming on the daily chart, arguing a bullish breakout could be getting closer.What the ETF Flows ShowUS spot XRP ETFs added $14.89 million on September 24, marking a third straight day of inflows following $18.04 million on September 23 and $20.02 million on Sept. 22, according to SoSoValue.That consistent buying lines up with whale accumulation, pointing to demand building from both institutional and large-holder wallets at the same time.A Risk Worth Watching: The Bitget HackBSCN reported Friday that Bitget CEO Gracy Chen confirmed the exchange’s $351 million security incident affected several major networks and tokens:Affected NetworkTickerEthereumXRP LedgerArbitrum(CRYPTO: ARB)AvalancheOptimismBNB Smart ChainBase—Additional tokens affected include USDT and USDC .Chen said Bitget’s on-chain cold wallets remain secure, and the company has contacted the foundations of every affected chain, with several confirming freezes on suspected hacker addresses.Bitget’s protection fund reportedly exceeds $464 million in publicly verifiable wallets, and the exchange says its proprietary assets top $1 billion.Bitget Wallet remains independent and unaffected, though the company hasn’t given a fixed recovery timeline.XRP Price Prediction: Technical AnalysisXRP breaks above the $1.56 pivot Friday, pushing back toward the recent August high near $1.70.The move caps a choppy two-day stretch: Wednesday saw a sharp 3.69% pullback off highs near $1.66, Thursday stabilized with a modest bounce holding above EMA support, and today’s rally has now recovered all of that pullback and more.The trend structure stays firmly bullish. The Supertrend flipped to buy near $1.00 back in August and continues trailing support at $1.28, with price sitting well above every major EMA.Key levels for XRP:$1.70 — August high, next major target$1.43 — 20-day EMA, key support below Read Also: Photo via Shutterstock