XRP (XRP) is having a pretty good week. The token is up about 12% over the past seven days, even after giving back some gains in the last 24 hours as traders locked in profits. That's a much stronger performance than Bitcoin (BTC) or Ethereum (ETH), and both technical indicators and on-chain data suggest something interesting might be brewing beneath the surface.

Technical Signals Point to Downside Exhaustion

Crypto chart analyst Ali Martinez noticed that XRP's TD Sequential indicator recently flashed a buy signal following the token's bounce. For those unfamiliar, that typically suggests the downside momentum is exhausted and a reversal could be on the horizon.

The Whales Are Back

Here's where things get interesting. Santiment data shows whale activity just spiked hard. Transactions above $100,000 jumped from 2,170 to 2,802 in just one day, hitting a three-month high. That kind of surge signals rising volatility and renewed interest from the big players.

Meanwhile, CryptoQuant data reveals that whale flows to Binance have been trending lower since mid-December, after peaking above 70% back in November and early December. That's significant because it suggests reduced selling pressure from large holders.

Whales still account for about 60% of exchange inflows compared to roughly 40% from retail traders, but the downtrend in whale activity lines up nicely with XRP's price correction from around $3.20 down to $2.26. Retail flows, on the other hand, have remained stable, suggesting no panic selling among smaller holders.

Put it all together, and you've got what looks like a potential re-accumulation phase. Of course, if whale inflows suddenly spike again, that would be an important risk signal worth watching closely.

New Trading Options and Institutional Positioning

On the development front, Flare just launched the first XRP spot market on Hyperliquid via an FXRP–USDC pair. That gives XRP holders access to deeper, on-chain spot liquidity with decentralized custody, which is a notable expansion of trading infrastructure.

RippleX also weighed in with a detailed post on X, reiterating that XRP's capped supply, regulatory clarity in the U.S., and growing adoption across payments, stablecoins, real-world assets, and institutional products are increasingly positioning it as an institutional-grade digital asset rather than just another speculative token.