XRP Price Rebounds Above $1.46 as Bitcoin Approaches $70K and Whale Activity Surges

XRP price has stabilized above the $1.46 level after bouncing strongly from its weekly support near $1.30 during the latest wave of crypto market volatility. The brief dip into lower-demand zones was quickly absorbed by buyers, signaling renewed bullish momentum. Over the past 24 hours, Ripple’s native token has gained more than 8%, while posting an impressive 20% recovery from its monthly low, reflecting improving investor confidence across the broader cryptocurrency market.

The global crypto market cap climbed over 5% to approximately $2.37 trillion, driven by Bitcoin’s rally toward $68,800 and Ethereum’s push toward the key $2,000 resistance level. XRP trading volume surged by nearly 27% to $3.53 billion in 24 hours, highlighting increased market participation and growing buying pressure.

Institutional developments have further strengthened the bullish outlook. Continued capital inflows into XRP-focused exchange-traded products have supported positive sentiment. On February 24, SBI Ripple Asia partnered with South Korea’s DSRV Labs to research cross-border payment solutions using the XRP Ledger. The collaboration aims to assess real-world settlement efficiency between Japan and Korea, reinforcing XRP’s long-term utility and expanding institutional adoption.

Meanwhile, broader crypto momentum is being fueled by aggressive Bitcoin whale accumulation. Analysts tracking the BTC Cumulative Volume Delta (CVD) indicator report a strong imbalance favoring buyers, with large-scale investors absorbing sell orders across major exchanges. The removal of a significant sell wall near $70,000 suggests strengthening bullish market structure and sustained demand.

Technically, XRP has recovered toward $1.47 after defending the $1.40 support zone. The MACD indicator shows a bullish crossover with expanding green histogram bars, while the RSI is approaching 70 without signaling extreme overbought conditions. A confirmed breakout above $1.50 could open the path toward $1.80 and potentially $2.00, representing a possible 36% upside. However, losing $1.40 support could expose XRP to renewed downside risk near $1.30.