The mood surrounding XRP has become quietly tense. Following a robust rally, many bulls are expressing frustration over the lack of explosive momentum, with the current sideways price action testing their patience. This situation warrants a closer examination to determine if it signals genuine weakness or simply a market digesting a significant move.
Institutional Accumulation Quietly Building
Despite the current tedium of range-bound price action, data indicates that institutional players are quietly accumulating XRP. Exchange reserves have decreased by 3.36% since early October, a historically bullish indicator for long-term accumulation.
Concurrently, large addresses holding between 10 million and 100 million XRP have added over 120 million tokens in a short period. Even as broader retail interest waned, fund flows surged; global crypto investment products recorded inflows of $5.95 billion in a single week, with XRP being among the leaders. This suggests active under-the-hood sentiment.
#XRP – Weakness? Or Just Testing the Faith of Bulls? 💎
Lately, I’ve seen many #XRP Bulls turning #Bearish 😔, frustrated by the sideways chop and the boring price action. They say things like “I see weakness on the HTF.”
Let me tell you what I see 👁️🗨️:
I see traders… pic.twitter.com/5WTibse9r7— EGRAG CRYPTO (@egragcrypto) November 11, 2025
Regulatory & ETF Catalysts In Motion
A key driver for XRP remains the anticipated launch of a spot XRP ETF. Analysts at Bloomberg Intelligence now estimate an 85% probability of a spot XRP ETF approval in 2025. A potential shift in regulatory policy at the U.S. Securities and Exchange Commission (SEC) could accelerate this timeline.
When approval is granted, it could unlock institutional capital that has been previously sidelined and provide XRP with a structural floor.
Technical Setup: Sideways Pattern, Poised for Break
From a charting perspective, XRP’s recent movement is characteristic of consolidation. The price is trading around $2.38 – $2.40, with resistance noted near $2.54 and support holding firm. Trading volume has recently outpaced price action, suggesting quiet accumulation is occurring.
If support holds, the current setup appears to be forming a base rather than indicating a breakdown. However, a failure to maintain the $2.38 level would increase downside risk.
Behavioral Dynamic: Bulls, Bears, and the “Waiting Game”
A notable theme highlighted in an X post by Egrag Crypto suggests that many early bulls are growing bored and uneasy about the prospect of losing potential 10x gains. Some are reportedly selling "just in case."
While this is a valid risk-management approach, spreading seeds of fear due to boredom risks transforming patience into panic. For those with strong conviction, this quiet accumulation phase is an integral part of the trading strategy.
What to Watch Next
Key levels to monitor include a clean breakout above $2.55, which would signal fresh momentum. Conversely, a breakdown below $2.30 – $2.35 would invite deeper corrective pressure. Investors should also monitor updates on ETF filings, institutional wallet flows, and drops in on-chain exchange reserves. The current calm could transition into a significant price spike once a catalyst emerges.
In conclusion, XRP is not currently exhibiting spectacular price movements, but this does not necessarily indicate a broken narrative. The next four to six weeks could potentially alter the story. According to Egrag, XRP is poised for significant price appreciation soon. The current sideways price action may represent a test of conviction rather than a capitulation.
With ongoing institutional accumulation, gathering regulatory catalysts, and rising crypto fund flows, the current "boring" phase could be the prelude to a substantial move. Therefore, the present environment should be viewed as one of preparation rather than exhaustion.