XRP traded mostly sideways throughout April, hovering around the $2.14 level. Yet beneath the surface, whale activity surged, with over 880 million XRP quietly shifting from exchanges into private wallets.
Despite a lack of explosive price movement, data from Ripple’s ledger shows significant whale accumulation last month. Wallets holding 10,000+ XRP have increased, with more than 300,000 addresses now above that threshold. This trend suggests growing investor confidence in XRP’s long-term prospects.
Exchange balances remain elevated, and XRP is far from scarce—Ripple still controls a large portion of the total supply. Still, April’s accumulation marked a shift in sentiment. Especially active were addresses holding between 100M and 1B XRP, adding 350M coins. One major whale reportedly snapped up 57M XRP from Bitstamp, while another shifted 70M tokens across anonymous wallets.
While utility hasn’t driven demand lately, speculation about an upcoming XRP ETF and renewed bullishness in the broader crypto market have fueled accumulation. Some even speculate XRP could be included in a future U.S. strategic crypto reserve, though no formal steps have been taken. Notably, a Ripple consultant allegedly lobbied the Trump campaign on the matter.
The motives behind the whale moves remain unclear—whether strategic accumulation, speculative play, or insider insight. XRP’s total supply hasn’t shrunk significantly, with only 13M coins burned since inception.
XRP Holds Firm Above $2 as Bulls Watch for Breakout
Despite choppy price action, XRP remains above the $2 mark, supported by bullish sentiment and growing long positions. Open interest stands at $1.5B, with 70% of leveraged bets going long around the $2 support zone.
While XRP hasn’t reached new highs, it remains one of the most actively traded altcoins. Market sentiment—both retail and institutional—is leaning bullish.
Investor interest is also supported by Ripple’s aggressive efforts to expand, including a potential acquisition of stablecoin issuer Circle. If the broader bull market gains momentum in 2025, XRP could be poised for a significant breakout.
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