XRP climbed above $1.60 for the first time since February 4, with on-chain analytics platform Santiment recording 1,917 whale transactions and 3,647 newly created wallets during the rally. The token currently trades around $1.623, holding above both its 50-day and 200-day moving averages, while $1.45 to $1.41 remains the key support zone if the breakout fails.

Whale Activity and New Wallets Rise

Santiment Intelligence recorded 1,917 transactions of $100,000 or more, which the firm said marked the strongest high-value activity in roughly a month. The activity points to major holders repositioning, though it does not prove accumulation. Wallet flows of this size are among the most closely watched on-chain indicators because they are publicly visible in real time, although the data does not identify who is behind the transfers. Network growth also increased, with 3,647 new XRP wallets added during the move.

Meanwhile, the XRP Ledger's tokenized-asset and RLUSD balances recently reached about $4.26 billion. Ripple reports roughly $2.4 billion of RLUSD in circulation, adding stablecoin and institutional settlement activity to the network.

Ali Charts Watches the $1.60 Level

Analyst Ali Charts said XRP rose 27.6%, moving from $1.25 to $1.58, a move he said completed the right shoulder of an inverse head-and-shoulders pattern on the daily chart. He also said whales had accumulated more than $2 billion worth of XRP.

According to Ali Charts, $1.60 is the level that could determine the next move. A decisive break above the neckline would confirm the pattern, and he projected another 30% move toward $2 if that breakout occurs.

Institutional access has continued to expand. Bitwise filed an updated XRP ETF registration with the SEC on September 18, a step in the regulator's review process that does not by itself guarantee a fund launch. XRP already appears across several exchange-traded products, according to Santiment Intelligence, giving traditional investors a way to gain exposure through standard brokerage accounts.

XRP Holds Above Key Moving Averages

XRP recovered from roughly $1.00 to $1.06 in late June and early July. The price then accelerated in August toward the $.55 to $1.60 region, before consolidating between about $1.35 and $1.45 and ultimately breaking above that range.

XRP now trades around $1.623. The 50-day moving average sits near $1.40, while the 200-day average is around $1.41, and both averages have started rising. The two averages sit about a cent apart, a setup technical traders typically monitor for a crossover. The number of XRP holders increased from roughly 7.65 million to 8.14 million, while daily active addresses spiked during August before falling to about 14,000.

The $1.60 to $1.62 area remains the immediate resistance zone. A failure to hold the breakout could move XRP toward $1.45 to $1.41.