XRP rises 4% as whales accumulate around $724 million in five days

XRP rose 4% on Friday. Ali Martinez said whales accumulated more than 470 million XRP in five days. The accumulation was worth around $724 million. Martinez said an inverse head-and-shoulders pattern was still forming on the daily chart. He argued that a bullish breakout could be getting closer. US spot XRP ETFs added $14.89 million on September 24, according to SoSoValue. This marked a third straight day of inflows. The ETFs recorded $18.04 million in inflows on September 23. They recorded $20.02 million in inflows on September 22. ETF inflows and whale accumulation pointed to demand from institutional and large-holder wallets. Bitget CEO Gracy Chen confirmed that the exchange's $351 million security incident affected several major networks and tokens. USDT and USDC were among the affected tokens. Chen said Bitget's on-chain cold wallets remained secure. Chen said Bitget contacted the foundations of every affected chain. Several foundations confirmed freezes on suspected hacker addresses. Bitget's protection fund reportedly exceeds $464 million in publicly verifiable wallets. Bitget said its proprietary assets exceed $1 billion. Bitget Wallet remains independent and unaffected. The company has not provided a fixed recovery timeline. XRP broke above the $1.56 pivot on Friday. The price moved toward the recent August high near $1.70. XRP fell 3.69% from highs near $1.66 on Wednesday. XRP stabilized with a modest bounce above EMA support on Thursday. Friday's rally recovered that pullback and more. The Supertrend flipped to buy near $1.00 in August. It continues to trail support at $1.28. XRP remains above every major EMA. The August high near $1.70 is the next major target. The 20-day EMA at $1.43 is key support.