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On-chain data shows the XRP sharks and whales have expanded their holdings to a new all-time high (ATH) with a 10% jump in August. XRP Wallets With 10 Million To 100 Million Tokens Have Set A New Record According to data from the analytics firm Santiment, the XRP sharks and whales have sharply increased their [...]
The post XRP Sharks & Whales Push Bags To ATH As Price Rockets 19% appeared first on Crypto Breaking News.
On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during [...]
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XRP whales are on the move amidst a new surge in the wider market as the altcoin is currently grinding better than most would expect. The cryptocurrency has been on a roll in the past 24 hours, which has enabled it to outperform other large market-cap cryptocurrencies in both the 24-hour and seven-day time frames. It is interesting to note that this surge in the ultra-bullish XRP narrative can be partly linked to an increase in whale activity. According to both on-chain and exchange data, large wallets have increased their accumulation of XRP tokens. XRP Whales On The Move The XRP ecosystem is home to various whales besides Ripple whose actions may also signal the ongoing sentiment for the cryptocurrency. Various on-chain data has shown large XRP transactions in the past few weeks to and from exchanges. Whatever the reasons, massive transactions are worth paying attention to as they can either increase or decrease buying and selling pressure. Related Reading: Crypto Analyst Says Telegram-Based Notcoin Is Ready To Fly, Heres How High Notably, large transactions have increased in the past 24 hours, suggesting some whales might be accumulating XRP tokens. According to data from Whale Alerts, a crypto whale tracking service, 23.2 million XRP worth $13.58 million was recently transferred from Binance to a private wallet. 23,216,582 #XRP (13,587,688 USD) transferred from #Binance to unknown wallethttps://t.co/hw9Tr12AN9 Whale Alert (@whale_alert) July 16, 2024 Shortly after, there was another transfer of 25.2 million XRP worth $14.9 million from Binance to another unknown wallet. 25,247,582 #XRP (14,907,202 USD) transferred from #Binance to unknown wallethttps://t.co/a5HaenCO7a Whale Alert (@whale_alert) July 16, 2024 Data from the on-chain analytics platform Santiment also supports this whale accumulation narrative. A metric that follows the balances of wallets holding between 100,000 and 1 million XRP has significantly increased since last week. The number of addresses in this cohort currently stands at 30,722, which is an increase of 122 addresses from 30,600 addresses recorded at the beginning of July. Similarly, the large holder metric shows that five new addresses have joined the number of addresses holding between 10 million XRP and 100 million XRP tokens since July 13. There are currently 262 addresses in this cohort. Although the increase is relatively small compared to the total number of holders, their importance cannot be overstated. Their substantial control over the token supply makes them key players in the price of the altcoin. Related Reading: Analyst Says Solana Price Could Rise 450% To $840 Here Are The Drivers As noted on social media platform X by Santiment, this increase in accumulation has pushed the total number of XRP tokens held by addresses holding over 100,000 coins to 51.29 billion, its current all-time high. XRP has now climbed above $0.58 for the first time since the market-wide retrace back on April 12th. This rebound is supported by climbing levels of coin hodling from whales and sharks with 100K+ XRP coins. A noticable turning point in supply accumulation began last August. pic.twitter.com/nBNsAfnoiw Santiment (@santimentfeed) July 16, 2024 At the time of writing, the altcoin is trading at $0.6136 and has been up 13% and 34% in the past 24 hours and seven days, respectively. Interest in XR has now reached its highest level in four months. The altcoin is now at a critical price as this surge in interest could cause the price of XRP to continue climbing and easily break above resistance at $0.613. Featured image created with Dall.E, chart from Tradingview.com
On-chain data shows that XRP and Cardano whales have been accumulating recently, which can be bullish for the prices of these altcoins. XRP & Cardano Whales Have Gone On A Buying Spree Recently As analyst Ali explained in a new post on X, XRP whales have seen their holdings go up over the last couple [...]
The post XRP & Cardano Whales Load Up Bags: Preparation For Altcoin Rally? appeared first on Crypto Breaking News.
XRP is now trading above the $2.35 mark, gaining momentum as bulls aim to break through critical resistance on the way to a potential all-time high. This move comes as the broader crypto market enters a new bullish phase, with Bitcoin soaring past $100K and Ethereum reclaiming the $2,200 zone in a sharp rally. XRP, long viewed as lagging behind majors, now shows notable relative strength compared to other altcoins. Related Reading: Bitcoin Whale Entry Prices Diverge Sharply Confidence Builds At Higher Levels Analysts are turning their focus to XRP as it attempts to sustain this breakout, with some calling for a rally that could finally close the gap toward previous cycle highs. Supporting the bullish case is new on-chain data from Santiment, revealing that XRP whales have returned aggressively, accumulating over 880 million tokens in the past month alone. This surge in accumulation by large holders suggests growing confidence in XRPs trajectory and is often a signal that smart money is positioning early ahead of a major move. If current momentum holds and XRP clears its immediate resistance levels, it could be set for a powerful continuation. All eyes are now on the $2.50$2.80 range, where market dynamics could accelerate rapidly. XRP Builds Strength As Whales Accumulate And Momentum Rises XRP is now standing out as one of the most resilient assets in the crypto market, showing notable strength during recent uptrends and consistent support through broader market corrections. Currently trading above the $2.00 level, XRP is positioned at a critical point where bullish and bearish forces are clashing. The broader market is also heating up, with Bitcoin trading above $100K and Ethereum holding the $2,200 zone after a breakout. XRPs relative strength, however, is whats catching the attention of analysts and traders. According to top analyst Ali Martinez, on-chain data reveals that whales have accumulated over 880 million XRP tokens in the past month. This level of accumulation is typically a bullish signal and suggests that large players are positioning themselves ahead of a possible rally. Still, macroeconomic uncertainty lingers in the background. With ongoing trade tensions between the US and China and an increasingly sensitive global financial environment, investor sentiment remains fragile. If Bitcoin holds its ground and altcoin momentum persists, XRP could be one of the top beneficiaries. As XRP continues to trade near a pivotal range, the coming days will be essential in determining the next phase. A decisive move above $2.35 could open the door to a strong upward expansion, while holding support above $2.00 will be crucial to prevent a retracement. Backed by whale activity and growing interest from traders, XRP is once again on the radar as a potential leader in the next leg of the crypto bull cycle. Related Reading: Ethereum Breaks Key Resistance In One Massive Move Higher High Confirms Momentum Price Tests Breakout Zone As It Pushes Above Resistance XRP is showing promising momentum after breaking above the $2.35 level and now trades at $2.36, signaling renewed bullish strength. This move comes as XRP tests the upper range of a consolidation structure that has been forming since late March. The price action is supported by a consistent uptrend of higher lows, which is now pressing against long-standing resistance. The 200-day SMA ($2.10) and EMA ($2.00) both remain below the current price, reinforcing the strength of the ongoing trend. Volume has increased notably over the past few sessions, a sign that buyers are stepping in with confidence. A decisive daily close above $2.38$2.40 would confirm a breakout and open the path toward retesting the previous highs around $3.00 and potentially new all-time highs. Conversely, a rejection here could lead to another retest of the ascending trendline around $2.15. Related Reading: Ethereum Extremely Undervalued Against BTC Supply Pressure May Delay Recovery The confluence of price structure, moving average support, and whale accumulation adds conviction to the breakout scenario. If current levels hold, XRP could become one of the strongest performers in the markets next leg higher. Featured image from Dall-E, chart from TradingView
On-chain data shows the XRP whales have been active during the past day. Here are the destinations their moves have been heading to. XRP Whales Have Moved Around Big Amounts In Last 24 Hours According to data from the cryptocurrency transaction tracker service Whale Alert, several large XRP transactions have been witnessed on the blockchain in the past day. More specifically, five transfers in total that are of scale often attributed to the whales have occurred on the network inside this window. Since whale transactions involve the transfer of a significant sum of capital, they can sometimes cause fluctuations in the market. Related Reading: 85% Of Altcoins In Opportunity Zone, Santiment Reveals The implications any whale transfers might have for the market depend on their intent. However, the exact purpose behind any transfer can be hard to ascertain. Nonetheless, the address details of the transaction may provide at least some hints about the context surrounding it. First, here are the details regarding the oldest XRP whale transfer from the past day: Looks like this massive move only required a minute fee of 0.000015 XRP to be possible | Source: Whale Alert As is visible above, this transaction involved the movement of 29.74 million XRP, worth $15.7 million at the time of the transfer. The sender was an unknown wallet, likely a whale’s address. On the other hand, the receiver was a wallet attached to a known centralized platform: the cryptocurrency exchange Bitso. Thus, the whale here made a deposit to the exchange from their personal address. Investors usually make such transactions whenever they want to use one of the services platforms like these provide, including selling. As such, exchange inflows can prove to be bearish for the price. The second-oldest whale transaction from the past 24 hours was also an exchange inflow, this one towards Bitstamp. Interestingly, the sending address for this one was the same as the Bitso deposit, so the same whale was probably behind both of these moves. The large investor shifted 27,430,000 XRP ($14.5 million) to the exchange in this second move. Naturally, if the whale has made these large moves for selling, they could be a bad sign for the asset’s price. Though, perhaps fortunately for the XRP investors, two exchange outflows have also occurred recently, which may cancel out these inflows. Below are the details of the two larger withdrawals. The addresses involved in the first of the whale exchange withdrawals today | Source: Whale Alert In this move, a whale took out around 26.67 million XRP ($14 million) from Binance. Today’s exchange outflow also involved Binance, with another 20.85 million tokens ($10.6 million) leaving the platform. The fifth and final transfer was the largest during the past day at a whopping 100 million XRP ($53 million), but this move involved unknown wallets on both sides so it’s impossible to say why the move would have been made. Related Reading: Bitcoin Forms Death Cross & TD-9 Sell Signal: Brace For Impact? The reason could have been anything, from a change of wallets to selling through over-the-counter (OTC) means. XRP Price XRP had recovered to $0.57 earlier in the week, but it appears that the coin has lost this progress; it’s back at $0.52 now. The price of the asset appears to have seen a decline over the last few days | Source: XRPUSD on TradingView Featured image from Ole Kloth on Unsplash.com, whale-alert.io, chart from TradingView.com
XRP is making headlines this month as whale activity surges across the network. In a surprising twist, reports indicate that XRP whales have dumped more than $700 million worth of tokens just this April. This sudden shift in whale behavior raises the question of what these big players are really up to. XRP Whales Offload 370 Million Tokens In April On April 15, prominent crypto analyst Ali Martínez reported on X (formerly Twitter) that XRP whales have begun dumping the popular cryptocurrency in large volumes. Following a period of substantial token accumulation, these large-scale investors have sold over 370 million XRP since the beginning of April. Related Reading: Trump-Powered Rally Triggers Heavy Dumping From XRP Whales, Heres How Much Notably, this massive whale sell-off amounts to over $700 million, triggering a wave of speculation about the intentions behind this move. More interestingly, the XRP dumps appear to align with recent price fluctuations, as whales tend to heavily influence market dynamics, especially during a downturn. The Santiment chart provided by Martinez reveals a clear trend, from April 3 to 14, 2025, that XRP wallets holding between 100 million to 1 billion tokens have drastically reduced their holdings. As this large-scale whale dumping progressed, the XRP price dropped to new lows around April 8 and then began a steady climb, reaching $2.1 at the time of writing. While the reason behind such large-scale exits is unclear, a few plausible explanations exist. Whales might be capitalizing on earlier price gains to lock in profits while the market conditions for XRP remain relatively stable. These investors could also be responding to heightened market volatility, pushing them to shift their holdings into alternative assets to hedge risks and safeguard against losses. Another possibility is that these big players are selling tokens between wallets or transferring them to exchanges in anticipation of a significant event perhaps the final legal decision between Ripple and the United States Securities and Exchange Commission (SEC). In less optimistic scenarios, such coordinated whale activity, which tends to influence prices, may be indicative of market manipulation, often aimed at achieving strategic gains. Although its uncertain whether the above motives are driving recent whale dumps, one thing is clear: large-scale XRP movements always warrant close attention. With XRP now hovering around $2, the market waits to see just how these sell-offs will influence the future price of the cryptocurrency. Update On Latest XRP Price Action According to crypto analyst Andrew Griffiths, the current XRP price analysis indicates a notably bullish trend. This momentum emerged after the cryptocurrency surpassed two key resistance levels and established a solid support level, signaling a potential upward movement. Related Reading: XRP Price Reversal Toward $3.5 In The Works With Short And Long-Term Targets Revealed As a result, the analyst predicts that XRP could record a massive gain of over 20% in the coming weeks. With the token currently trading at $2.10, a 20% increase would bring it to approximately $2.589. Based on the upward trajectory within the Ascending Channel seen on the price chart, the analyst predicts that XRP could climb as high as $3.3. Featured image from Pixabay, chart from Tradingview.com
Crypto whale transaction tracker Whale Alerts has revealed various large XRP transactions in the last 24 hours as bullish momentum returns to the market. Interestingly, five of the large transactions in the past 24 hours have come from crypto exchange Binance, with the latest occurring in the past hour. In fact, 94 million tokens were recently transferred from Binance into unknown wallets, prompting investors to contemplate the reasons behind the transfers and possible outcomes. Large Transactions From Binance Data from Whale Alerts reveals that the transfers, worth over $57 million, were sent out of Binance in five transactions of 18 million XRP each. This huge transfer could signal big investors are buying the altcoin in droves, but the pattern of accumulation also points to the transactions being carried out by one entity. Related Reading: Litecoin Beats Out Dogecoin, Bitcoin To Emerge As Top Crypto For Payments The transfers occurred throughout Sunday, starting with a transfer of 18.76 million tokens worth $11.7 million from Binance into an unknown wallet. Subsequently, 18.4 million tokens, 19.2 million tokens, 18.8 million tokens, and 18.7 million tokens worth $11.26 million, $11.47 million, $11.19 million, and $11.69 million were sent into private wallets. 18,750,448 #XRP (11,698,918 USD) transferred from #Binance to unknown wallethttps://t.co/aeCHQ4RYxA Whale Alert (@whale_alert) March 11, 2024 Investors can only speculate as the identity of wallet addresses is mostly unknown. But shifts of this magnitude often foreshadow market sentiment. These enormous transactions in such a short time span negate a random pattern and suggest accumulation from the parties involved. However, the transfers could have also been carried out by Binance itself, as on-chain data shows all recipient addresses were activated on the same day by the exchange. Furthermore, this pattern of 18 million XRP tokens departing Binance in each large transaction began on Friday. Essentially, the transfers could have been due to wallet maintenance or liquidity factors. Whats Next For XRP? XRP has majorly underperformed other large market-cap cryptocurrencies. At the time of writing, the token is trading at $0.6219 and is up by 18% in 30 days. For comparison, Bitcoin, Ethereum, and BNB are up by 49%, 58%, and 63% respectively in the same timeframe. Related Reading: Crypto Whales Bet Big On LINK Is Chainlink The Next Bitcoin? However, XRP enthusiasts continue to remain strong and anticipate a strong bullish run. According to attorney Bill Morgan, XRP is set to surpass its all-time high of $3.4 this cycle. Right now, XRP is showing other signs of building momentum, like a recent breakout above a long-term downtrend line. A popular crypto analyst known as Ash Crypto noted that the altcoin is on the verge of a multi-year breakout. The last time this happened, XRP went on a surge throughout 2017 and 2018 to reach its current all-time high. XRP MASSIVE BREAKOUT XRP IS ON THE VERGE OF MULTI- YEAR BREAKOUT ONCE IT BREAKS OUT, THE PUMP WILL BE HUGE !! pic.twitter.com/4UuwyMXHJU Ash Crypto (@Ashcryptoreal) March 10, 2024 According to the analyst’s XRP chart, a repeat of this breakout would lead to a surge of epic proportions to $18. Token price reaches $0.625 | Source: XRPUSD on Tradingview.com Featured image from Coingape, chart from Tradingview.com
Since the summary judgment in the Ripple vs SEC case, XRP has captured the spotlight in the crypto market. Now the fourth-largest crypto by market capitalization, XRP, is currently experiencing a consolidation trend. However, this could just be the calm before the storm as both the activity of large investors aka whales and a developing bull flag pattern suggest. XRP Whale Wallets Reach New Heights According to an on-chain data analysis by Santiment, a leading market intelligence platform, the number of whale wallets holding a substantial 100 million or more XRP has witnessed a significant increase recently, now standing at an impressive 199. These whales, each commanding a minimum value of $74 million, have been closely observed over the past year, exhibiting strategic buying and selling patterns that impact XRP’s price movements. Related Reading: SEC Potential Appeal To Yield Little Effect On XRP, Crypto Lawyer Says This recent surge in the number of whales is a noteworthy milestone, matching the highest figure recorded since May 13. The Santiment chart below shows in detail the distribution patterns of these whales over the past year. As of July 2022, when XRP was trading below $0.40, 200 whales were in accumulation mode. However, they sold when XRP exceeded $0.50 within three months. Similarly, whales resumed accumulation between December and March 2023 when XRP was trading at $0.41. In April, a larger number of the whales sold their XRP again, bringing the number back below 200. Currently, the beginning of a new accumulation phase could be imminent, as Santiment shows. Bull Flag Heralds New Rally The recent meteoric rise in XRP’s price following the Ripple vs. SEC summary judgment has led to the formation of a bullish chart pattern known as the bull flag. This pattern consists of two rallies separated by a brief period of consolidating retracement. The initial rally comes to a pause through profit-taking, leading to a tight trading range as buyers and sellers find equilibrium. Related Reading: XRP Sluggish: Unraveling The Factors Behind Its Gradual Weakening XRP investors have to keep a close eye on the crucial price levels of the bull flag that could determine the future trajectory of the cryptocurrency. To the downside, the $0.685 mark is critical, representing the 23.6% Fibonacci retracement level. Holding above this level is crucial for maintaining the consolidation trend. If the lower end of the range is broken, a deeper correction could be imminent, with potential targets at $0.64 and $0.59. To the upside, XRP faces resistance at $0.845. Breaking above this level could trigger another sharp rally, though it might require a catalyst, either from the ongoing Ripple case or the broader crypto market, to achieve such a breakout. The closest target would then be the 38.2% Fibonacci retracement level ($0.93) where the impulsive rally following the Ripple ruling ended. Besides the psychologically important $1 level, the next bullish price targets would then be $1.13, 1.33 and $1.61. Featured image from Binance Academy, chart from TradingView.com
On-chain data shows a key XRP sharks and whales group has been accumulating recently, a sign that could be positive for the asset’s price. XRP Whales And Sharks With 1M-10M Tokens Now Hold All-Time High Supply As per data from the analytics firm Santiment, 7.23% of the total XRP supply is now held by this key investor group. The relevant indicator here is the “Supply Distribution,” which tells us how the total supply is distributed across the different wallet groups in the market right now. These “wallet groups” are bands that define ranges between which the number of coins held by wallets belonging to a particular group lies in. For example, the “100-1,000 coins” group includes all addresses that are holding at least 100 and at most 1,000 XRP tokens. Related Reading: Altcoin Indexes Take Beating As Investors Flip Alts For Bitcoin The Supply Distribution metric has two versions; one shows the number of wallets (or more simply, the number of holders) belonging to each cohort, while the other measures the supply percentages contributed by each group. Now, here is a chart that shows data for both these Supply Distribution metrics for the 1M-10M coins band: Looks like the values of both these metrics have climbed up in recent days | Source: Santiment The 1M-10M coins band is an important cohort for XRP as it includes both sharks and whales. Though, the largest whales aren’t included in this group, as the upper level of the band is just 10 million tokens, which is worth around $3.4 million at the current exchange rate. From the graph, it’s apparent that the number of investors belonging to this key group has gone up recently, and the metric’s value now stands at 1,617, which is an all-time high. The percentage of the total XRP supply held by this cohort has observed an even sharper uptrend this month, as these sharks and whales now account for around 7.23% of the total tokens in circulation, which is also a new record. Related Reading: FTX (FTT) and Ripple (XPR) Battle On, Orbeon Protocol (ORBN) Leads the Way as Top Crypto Token It would appear that these whales and sharks are looking to end the year 2022 with some heavy XRP accumulation, something that is likely to have a bullish effect on the crypto’s price in the long term. XRP Price At the time of writing, XRP’s price floats around $0.34, down 12% in the last week. Over the past month, the crypto has lost 5% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto seems to have not seen any significant movement during the last few days | Source: XRPUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Santiment.net
XRP whales have taken advantage of the price decline recorded in the crypto market to fill up their bags. These large investors have been rapidly buying up the tokens and increasing the percentage of supply they hold. In the last month, the holdings of these large whales have seen a significant uptick, sending their cumulative total holdings to one of the highest it has ever been. Gobbling Up The Coins Data from Santiment shows that the holdings of XRP whales with 100,000 to 10 million coins on their balances have jumped more than 6% in the last five weeks. These whales had held around 11% of the total XRP supply in mid-November following the crash of the FTX crypto exchange. But since then, they have increased their holdings by millions. Related Reading: What Ethereum’s Rejection At $1,350 Says About The Cryptocurrency Presently, the total percentage of supply held by these large whales is hovering around 18%. The chart below shows a clear uptrend in the last month where the holdings of these whales have increased, especially those holding between 1 million to 10 million coins. Whale holdings up in five weeks | Source: Santiment The same trend is also seen among wallets holding above 10 million coins. These wallets now hold a larger majority of the total supply at 71.67%, up from the 70.8% recorded in mid-November. So in total, addresses holding 100,000 coins and above now command around 90% of the total XRP supply. Will XRP Rally From Here? XRP’s price is currently moving in tandem with the crypto market which is still feeling the effects of Wednesday’s FOMC announcement. However, this clear accumulation trend among XRP whales could hint at a possible decoupling of the digital asset’s price from the broader crypto market, leading to a rally. XRP recovers above $0.38 | Source: XRPUSD on TradingView.com With prices so low, a lot of investors are not looking to sell their coins, but rather are investing for the long term. If the available supply continues to go to investors who are long-term holders, then such demand could result in a supply squeeze. Related Reading: FUD Intensifies: Can Binance Survive Or Is This The End? The Santiment data also shows accumulation even among smaller addresses, so it is possible that XRP would test the $0.4 resistance level before the week is over. The low volatility associated with weekend markets could get in the way of XRP’s rally but it could also be a blessing in disguise to help the cryptocurrency hold any gains it may register between Thursday and Friday. XRP is trading at $0.38 at the time of this writing. It remains the sixth largest cryptocurrency with a market cap of approximately $19.2 billion. Featured image from Jackobian Forums, chart from TradingView.com
The CEO of Ripple, Brad Garlinghouse has shared his desire to explore the possibility of an IPO after settling its lawsuit with SEC
The XRP market experienced a downbeat end to January translating into a 7.05% loss over the past seven days. In regards to future price movements, popular analyst Egrag Crypto states the altcoin is currently at a key crossroads with an equal chance to move in either a positive or negative direction. Related Reading: Dogecoin Whales Go Ham As They Buy 560 Million DOGE In One Week XRP Set For Price Breakout, But How High Can It Go? In an X post on February 1, Egrag Crypto explains that XRP’s recent slump has resulted in the asset retesting two crucial levels namely the 21 EMA and and the lowest boundary of a symmetric triangle. The exponential moving average (EMA) is a technical indicator that smoothens out price data over a period of days (i.e. 21 in this case) while giving more weight to recent prices. It is commonly used in trend confirmation with a price dip below the EMA line indicating a bearish trend and vice versa for a bullish trend. On the other hand, a symmetric triangle formed by price movement signals a period of consolidation before a decisive price breakout. With the price of XRP simultaneously hovering near the 21 EMA line and the lower boundary of the symmetric triangle around $2.93, the altcoin presents a rather delicate situation to traders and investors alike. According to Egrag Crypto, further declines for XRP are possible. However, prices are unlikely to fall below $2.83 ( the ascending purple line) which has served as a strong support zone based on historical data. However, based on the sole analysis of the symmetrical triangle, a break below the lower boundary could force XRP to trade as low as $2.40. Alternatively, should XRP break above the upper boundary of the triangle, it could immediately rally to $4. Egrag Crypto warns that both breakout possibilities are equally weighted. Therefore, the XRP market is subject to high levels of volatility over the coming days. Related Reading: Avalanche Forms A Falling Wedge On The Daily Chart Breakout Target Set At $56 Whales Offload 70 Million XRP In 4 Days In other news, crypto expert Ali Martinez reports that XRP whales are currently on a selling spree having offloaded 70 million XRP, valued at $204.4 million, over the past day. High selling activity especially from whales is a bearish signal that signals uncertainty about the future profitability of an asset. Alternatively, certain long-term holders may be looking to take profit. However, XRP retail investors may expect more price drops in the short term, barring the introduction of significant buying pressure. At press time, XRP trades at $2.93 reflecting a 3.10% decline in the past day. Meanwhile, the asset trading volume is down by 12.60% and valued at $4.06 billion. Featured image from iStock, chart from Tradingview
Market intelligence platform Santiment recently revealed how XRP whales look to be going all in on XRP following significant purchases of the crypto token. Notably, these buys are said to be the most since Ripples partial victory over the Securities and Exchange Commission (SEC). XRP Records 217 Whale Transactions Santiment stated in an X (formerly Twitter) post the XRP Ledger processed 217 $1 million whale transactions on the network on January 31. This happens to be the most transactions of such magnitude recorded in a single day since Judge Analisa Torres ruled that XRP wasnt a security in itself last year July. Related Reading: Bitcoin To $5 Million? S2F Model Predicts When This Will Happen Just like Santiment noted, such an occurrence has the potential to impact XRPs price positively. XRP had risen to as high as $1 on the back of Judge Torres ruling as it strengthened the conviction of the altcoin’s holders, who then decided to double down on their investments. If such a similar scenario plays out again, then XRP is expected to experience price surges soon enough. The market intelligence platform also added that some key signals indicated that XRP was one of the better candidates for a bounce, assuming Bitcoin Bitcoin can stabilize the rest of the week. The altcoin had dropped below the crucial support level of $0.5 following Bitcoins recent decline. However, it is back above that level as the market shows signs of recovery. Meanwhile, despite XRPs relatively stagnant price action, these whales do not seem to be worried. Santiment revealed that wallets holding at least 10 million XRP tokens combined to hold 67.2% of the available supply, the most since December 31, 2022. Token price at $0.5 | Source: XRPUSDT on Tradingview.com Binance Freezes $4.2 Million Worth Of Tokens Binance CEO Richard Teng stated in an X post that the crypto exchange had managed to freeze $4.2 million worth of XRP, which was part of the proceeds from the recent XRP exploit. NewsBTC had reported how there was a breach on the personal XRP accounts of Ripples co-founder Chris Larsen, which led to the theft of more than 213 million tokens. Related Reading: Solana Whales Move $82 Million Worth Of SOL, Will Price Crash Below $90? Teng also mentioned that the Binance team will help retrieve the remaining funds in any way they can. He added that they were closely monitoring the majority of the funds in the exploiters external wallets just in case they tried depositing these tokens to Binance. The exploiter is reported to have laundered some of these funds through crypto exchanges like MEXC, Gate, Kraken, OKX, and HitBTC. Featured image from Analytics Insight, chart from Tradingview.com
In the last week, the price of XRP increased by 35% as the general crypto market maintains a stellar performance stretching over the last two months. Interestingly, recent developments in the XRP market indicate a sustained bullish outlook for the prominent altcoin. Related Reading: Ripple Labs Future Under Trump: CEO Brad Garlinghouse Outlines Vision For 2025 Whales Accumulate $288 Million XRP As Price Slides To $2.22 In an X post on December 7, renowned crypto expert Ali Martinez shared that XRP whales had embarked on an accumulation spree amidst a recent price dip. Notably, XRP has been one of the best-performing cryptocurrencies in Q4 2024 rising by over 350% since the US elections. However, the altcoin recorded a significant 23% decline in the past week, falling from $2.90 to $2.22 between December 3-December 6. During this period, Martinez noted that whales i.e. wallets holding between 1 million – 10 million XRP, acquired over 120 million XRP, valued at $288 million, as they increased their market holdings to $4.7 billion. Generally, such large purchases by market whales are indicative of confidence in an assets long-term profitability and are common bullish signals. Rightly so, XRP has experienced an 18% price gain rising to $2.60 in the 48 hours following this bullish whale activity. In regards to how high XRP can go, Ali Martinez has set a projected target of $4.34 which may be a good price zone for traders to take profit. However, any unexpected price decline could force the altcoin to return to around $2.23 which Martinez describes as a key area of support. Related Reading: XRP Price Steadies Above Support: Preparing for the Next Move? XRPL Active On-Chain Addresses Surpass 100,000 In other news, the number of on-chain active addresses on the XRP Ledger (XRPL) has recently recorded a significant increase. According to CryptoQuant analyst Wenry, exchange transfers dominated the transaction volume on the XRPL up until Q3 2024. However, on-chain XRP transactions have now overtaken exchange inflows as the number of active addresses rose rapidly in recent months reaching a yearly high of 100,000 on December 2. This development can be attributed to several factors including improvement on XRPLs DeFi infrastructure which has created a better working environment that attracts top decentralized protocols similar to Uniswap, Maker, etc. In addition, there has been significant progress in the development of layer 2 solutions for the XRPL to improve scalability, interoperability, and functionality. Notable projects on this front include The Root Network, XRPL Ethereum Virtual Machin,e and XRPL Hooks. At the time of writing, XRP trades at $2.57 after a 3.94% gain in the past day. Meanwhile, the tokens daily trading volume is down by 13.70% and valued at $12.03 billion. The altcoin now ranks as the third largest cryptocurrency with a market cap of $147.98 billion. Featured image from Bloomberg, chart from Tradingview
Whale distribution and a convincing bearish reversal indicator set up XRP for further price declines in early 2025.
XRP has been range-bound in recent days, consolidating after successfully holding strong above the critical $2.10 support level. As one of the standout performers this cycle, XRP experienced a massive surge following the US election, capturing investor attention. However, recent price action has introduced uncertainty, leaving some investors concerned about the possibility of further downside. Related Reading: Solana Holds Weekly Support At $180 Analyst Expects $330 Mid-Term Despite these fears, on-chain data suggests a different narrative. Insights from Santiment reveal that whales have accumulated another 40 million XRP in the past 24 hours. This significant accumulation indicates that Smart Money may be positioning itself for an upcoming rally. Historically, such whale activity has preceded major price movements, providing a bullish signal for long-term holders. XRPs ability to maintain the $2.10 support level amid market fluctuations demonstrates resilience, but the next decisive move will depend on whether bulls can capitalize on this accumulation phase. If buying momentum continues and XRP breaks out of its current range, a push toward new highs could follow. XRP Continues To Signal Strength XRP continues to display resilience, trading above key support levels and attracting investors who recognize its long-term potential. Despite a significant 30% retrace from recent highs, XRP has held its ground, maintaining critical support zones that bolster a bullish outlook. This stability is driving confidence among market participants, with many seeing the altcoin as a top contender for future growth. Top analyst Ali Martinez recently highlighted compelling data from Santiment, showing that whales added another 40 million XRP to their holdings in the last 24 hours. This follows a broader trend of consistent whale accumulation, a phenomenon often regarded as an indicator of smart money positioning for a significant market move. Such activity suggests that institutional and high-net-worth investors expect XRP to outperform in the coming months. The sustained interest in XRP stems from its ability to remain strong despite recent corrections and broader market uncertainty. Holding above key support levels not only reflects technical strength but also underscores investor confidence in its potential for a significant rally. Related Reading: If History Repeats Dogecoin Has Potential For A Parabolic Rally Details As whale accumulation continues and sentiment shifts, XRP is well-positioned to capitalize on positive momentum. A breakout above resistance levels could mark the beginning of a powerful rally, reinforcing its leadership among altcoins in the current cycle. Technical Analysis: Key Levels To Watch XRP is currently trading at $2.22 after successfully testing the 4-hour moving average (MA) and exponential moving average (EMA) around $1.96 a few days ago. This bounce off critical support levels highlights XRP’s short-term strength, reinforcing its bullish momentum. The MA and EMA are widely regarded as key indicators for assessing the health of an asset, and XRP’s ability to hold above them signals strong demand at lower levels. Maintaining support above $2.13 in the coming days is essential to sustain this momentum. If XRP continues to trade above this level, it would solidify investor confidence and pave the way for a potential test of the $2.40 resistance mark. Breaking above $2.40 would likely trigger additional buying interest, potentially driving XRP toward new highs as the broader market sentiment improves. Related Reading: Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours Details On the flip side, losing the $2.13 support could introduce some short-term weakness, leading to a retest of lower levels near the MA and EMA. However, as long as XRP maintains its overall structure above these moving averages, the bullish narrative remains intact, and the altcoin could continue to attract smart money positioning for the next rally. Featured image from Dall-E, chart from TradingView
XRP has faced a steep correction over the past few days, plunging more than 23% since Tuesday amid heightened market volatility. Despite this sharp downturn, XRP has shown resilience, bouncing back with a notable 20% recovery since yesterday. This quick rebound has reignited discussions about XRP’s long-term prospects, even as short-term sentiment remains shaky. According [...]
The post XRP Holds Key Demand Level Whale Activity Suggests Strength appeared first on Crypto Breaking News.
XRP whales and retail investors have accumulated more than $1.6 billion in tokens over the past month, leading one analyst to predict a new all-time high above $6 in 2025.
The XRP price has registered a notable drop during the past day as on-chain data shows the whales have been making transactions to exchanges. XRP Has Witnessed A Sharp Drop Over The Last 24 Hours The cryptocurrency sector has been observing bearish winds recently, with the drawdown deepening across the market during the past day. Most of the top coins, though, have managed to limit their losses, except for XRP, which has notably underperformed. Related Reading: Dogecoin Crossover That Led To 90% & 180% Rallies Could Soon Form Again The below chart shows how the coin’s recent trajectory has looked like. Following the 14% drop in the last 24 hours, XRP has come down to the $0.52 level. This plunge has also put the asset more than 21% down compared to the $0.66 top that it had seen a few days back. As for why the cryptocurrency has performed this poorly during the past day, perhaps on-chain data can provide some hints. Whales Have Been Active On The Network Recently According to data from the cryptocurrency transaction tracker service Whale Alert, several large transactions have been spotted on the XRP network in the last 24 hours. All of these transactions happen to be of a scale that’s generally associated with the whales, who are large entities that can carry a degree of influence in the market. Naturally, one whale can’t move the market on their own, but some number of them together can, which may be exactly what has happened today. Generally, it can be hard to say for certain what the whales’ intentions are when they make moves, but address details can sometimes carry a hint or two. Here are the details of the first of the whale transfers from the past day: As is visible above, the whale moved 17,940,000 XRP, worth around $10.3 million at the time the transfer was executed, from an unknown wallet to an address connected to the cryptocurrency exchange Bitstamp. An “unknown wallet” is one that’s not affiliated to any known centralized platform and is likely to be an investor’s personal address. Thus, it would appear that the whale moved coins from their self-custodial wallet to an exchange with this transaction. Related Reading: Shiba Inu Leads Whale Frenzy: Large SHIB Transfers See Massive 360% Spike Transfers of this type are called exchange inflows. Since one of the main reasons why investors deposit their coins to these platforms is for selling-related purposes, large exchange inflows can lead to a bearish outcome. The three other XRP whale transactions from the past day were also of the same type, with whales shifting a combined $37.9 million to different platforms. It’s possible that these transfers weren’t for selling at all, but for using a different service that exchanges typically provide. Given the corresponding price trend, though, it’s indeed likely that these moves provided a net selling pressure to the cryptocurrency. Featured image from Dall-E, whale-alert.io, chart from TradingView.com
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