Wallets holding 100 million–1 billion XRP purchased 900 million tokens in two days while the price remained stable near $3.19.
XRP chart printed an inverted hammer after a three-day drop from $3.38, with daily RSI holding above the neutral 50 mark.
Key levels to watch include $3.38 and $3.66 for upside potential, while $2.81 aligns with the 50-day moving average support.
Large XRP holders have purchased around 900 million tokens in just two days, with the price sitting close to $3.15.
Heavy Buying from Large Wallets
Data shared by analyst Ali Martinez shows that wallets containing between 100 million and 1 billion XRP have added substantial amounts in a short span. This recent buying spree took place during a calm period for the market, where the price has been trading within a narrow range.
https://twitter.com/ali_charts/status/1954930053760069656
Such moves often happen when major investors see value at current levels, choosing to increase holdings rather than wait for a breakout. In this case, accumulation has continued even as daily market activity remains high, with over $8.39 billion traded in the past 24 hours.
Chart Signals Suggest Possible Turnaround
Analyst Joe Swanson noted that XRP’s chart printed an inverted hammer pattern following a three-day drop from $3.38. Traders often watch this pattern for signs of a possible reversal, though confirmation is needed from upcoming sessions.
Swanson pointed out that the daily Relative Strength Index is still above 50, showing that bullish pressure has not faded completely. He added that reclaiming $3.38 and later $3.66 could pave the way toward $4, while falling below $2.81, which aligns with the 50-day moving average, might erode that strength.
Current Price Movement
As of writing, XRP trades at $3.15, up 4.28% over the past week. The price has steadied after a brief decline earlier, a phase that saw increased whale buying rather than selling.
With large wallet holders continuing to add to positions and key price levels in play, attention remains on whether XRP will hold its support or attempt a breakout in the sessions ahead.
The post XRP Whales Accumulate 900 Million Tokens as Price Holds Steady appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
