XRP Giant Whales Just Bought $3.8 Billion: What Happens Next?
After a tumultuous week, XRP's price has once again become the focus of the market. This week, XRP's market capitalization shrank by billions of dollars, while whales quietly increased their holdings significantly. In just a few days, over 440 million XRP (worth $3.8 billion) have been absorbed by large holders, while the spot price has dropped nearly 8%. This unusual selling pressure combined with the aggressive buying from whales raises a key question: Is XRP preparing for a significant reversal, or is there still more downside potential ahead?
Despite the decline in XRP, its fully diluted valuation (FDV) remains high at $308.31 billion, indicating that long-term confidence in its value proposition has not been repriced. Furthermore, the scale of whale accumulation should not be underestimated—data shows that in just one week, large holders acquired 440 million XRP (worth $3.8 billion).
Support Zone: The XRP price has found key support around the $3.00 to $3.10 range, which coincides with the middle line of the Bollinger Bands (3.10). This level has held well over the last few trading days, indicating that a cumulative trend is forming a price bottom. Resistance Level: The recent upper limit is between $3.35 and $3.50. Breaking through this area may open the path to $4.00 and $4.50, with Fibonacci extensions predicting a target rise to $5.50.
Are Whales Building a Bottom for XRP?
Such large-scale whale accumulation is rarely random. By purchasing over $3.8 billion worth of XRP in less than a week, large holders have effectively tightened liquidity on exchanges and reduced available supply.
In the short term, XRP's price may fluctuate between $3.00 and $3.35 until trading volume picks up. If the daily closing price decisively breaks above $3.50, it will confirm bullish momentum and is expected to break through the $4.00 to $4.50 level. On the downside, if it falls below $3.00, XRP may test the lower Bollinger Band near $2.85 before stabilizing.
