XRP Price Today (17/4): Whale Buys Coin and ETF Sets Record, Target IDR 146,000?

Jakarta, Pintu News – The cryptocurrency market is heating up again after Ripple recorded a price increase of almost 5% in a short period of time. The surge was driven by the launch of Smart Cashtags feature on Elon Musk’s X platform as well as speculation of integration with the Solana network. On-chain data showed massive accumulation by whale investors that reached a ten-month high.

Institutional fund inflows through ETF instruments also set a new record strengthening the crypto’s position in the global market. This strong fundamental growth gives investors a green signal of a potential big rally on the horizon.

Aggressive Accumulation of Whales amid Market Panic

CryptoQuant data shows that whale accumulation reached a staggering ten-month high. Large investors are now observed buying more than 10 million Ripple (XRP) every day for long-term storage. This phenomenon coincides with an accelerated outflow of coins from exchanges to investors’ personal wallets. This decrease in selling pressure in the crypto market is a strong technical signal of a potentially huge price rally.

Interestingly, this massive accumulation took place just as negative sentiment or FUD reached its peak in the global community. The Santiment platform calls the current market conditions a low-risk entry point for cryptocurrency asset holders. Historically, prices have often spiked dramatically precisely when the majority of retail investors begin to feel very pessimistic about the market. These whale movements are usually the main foundation before a coin experiences a significant increase in value in its cycle.

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New Record Inflow of Ripple ETF that Reached IDR294 Billion

The Spot XRP ETF instrument has just recorded net inflows of $17.11 million or equivalent to Rp294.1 billion in a day. The fantastic figure is the highest record in the last two months thanks to positive sentiment from various global strategic partnerships.

One of the key drivers is Ripple’s (XRP) recent collaboration with Korean insurance giant Kyobo Life Insurance. This massive institutional investment further strengthens the cryptocurrency asset’s credibility in the eyes of traditional fund managers.

A report from SoSoValue shows that Bitwise XRP ETF led the fundraising with a total of $6.23 million or around Rp107.1 billion. The growth of funds under management from other instruments such as 21Shares and Franklin Templeton also shows a very consistent positive trend.

Total assets under management (AUM) has officially surpassed the psychological $1 billion mark. This buying pressure from the institutional sector is a crucial catalyst for long-term price stability and growth in the crypto sector.

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Analysts Predict Fantastic Price Targets

The price of Ripple (XRP) is currently hovering around $1.40 or around Rp24,064 with daily trading volumes continuing to surge sharply. Speculation about deep integration into the Solana (SOL) ecosystem is the main trigger for increased buying interest from professional traders.

In addition to technical factors, new features on social media X are also providing massive exposure for this cryptocurrency coin to millions of users. The current market momentum suggests that the asset is preparing to break through the strongest resistance zone to continue its price upward trend.

Leading analyst Ali Martinez predicts the price of this asset could skyrocket to reach $8.50 or the equivalent of Rp146,106 per coin. The intermediate price target that needs to be broken according to the analyst is the level of $3.30 or around Rp56,723 in a relatively short time.

In the derivatives market, many options traders have started placing long positions for contracts expiring in June. This collective optimism reflects the high confidence that this bull run cycle of the crypto market will deliver exceptional returns.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Varinder Singh/CoinGape. XRP Whale Accumulation and ETF Inflows Hit Multi-Month Highs, Analyst Predicts Breakout. Accessed April 17, 2026.
• Featured Image: 99 BItcoins