XRP's price action has been subdued recently, but beneath the surface, whale activity tells a different story. On-chain data reveals significant accumulation by large holders, with hundreds of millions of XRP tokens changing hands—a potential precursor to a major price movement.
$915 Million in XRP Acquired by Whales
In a striking display of confidence, XRP whales purchased 420 million tokens (worth $915 million) within a single week. This surge in accumulation suggests institutional or high-net-worth investors are positioning for a bullish breakout. However, retail interest remains tepid, with new wallet creation hitting a two-month low.
Key Whale Movements:
- June 18: Ripple transferred 200 million XRP (~$439 million) to an unknown wallet, possibly for strategic partnerships or institutional use.
- June 12–19: Three transactions totaling 80 million XRP (~$175 million) were sent to Coinbase, likely signaling profit-taking intentions.
- Earlier, 230 million XRP moved from Ripple to an unknown wallet, followed by 50 million XRP shuffled between private wallets.
These transactions underscore heightened activity among large holders, often a harbinger of price volatility.
XRP Price Analysis: Breakout Imminent?
XRP is currently trading at $2.18**, up **3.6%** in 24 hours. The token has regained momentum after dipping below **$2.00 earlier this week, supported by:
- A 442.7% spike in daily active addresses (181,000 in 24 hours).
- Record-high whale wallets: 2,850 addresses now hold >1 million XRP.
Critical Levels to Watch:
- Resistance: $2.20 (breakout confirmation).
- Support: $2.05–$2.10 (buying zone if rejected).
Technical indicators are cautiously optimistic:
- Short-term EMAs show bullish crossover.
- MACD and RSI hint at growing momentum.
FAQs
Q: Why are XRP whales accumulating now?
A: Whales often accumulate before anticipated price rallies or institutional developments, suggesting confidence in XRP's mid-term prospects.
Q: Should retail investors follow whale activity?
A: While whale movements signal sentiment, retail investors should combine on-chain data with technical analysis and project fundamentals.
Q: What’s driving the surge in active addresses?
A: Possible catalysts include Ripple’s ecosystem expansions, exchange listings, or speculative trading around key price levels.
👉 Explore real-time XRP whale tracking tools for deeper insights.
Disclaimer: This content is for informational purposes only. Always conduct independent research before investing.
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