When retail traders exit, the largest holders of Ripple [XRP] are stepping in.
In just one week, whale wallets have accumulated over $915 million worth of XRP, making it one of the most aggressive buying trends in recent months.
Meanwhile, the activity of new users has dropped to its lowest level in two months, highlighting the growing fatigue among retail participants.
Are these whales anticipating a significant change, or do they just want to take on high risks?
As the crowd waits, the whales begin to act.
XRP whales seem unaffected by the recent market turbulence.
In the past week, despite the price dropping to local lows, wallets holding between 10 million and 100 million XRP increased their holdings by over 420 million tokens, worth more than $915 million.
Even with the price plummeting, whale accumulation has significantly increased, so the possibility of strategic positioning before a potential rebound is not far off.
Is XRP becoming less attractive to newcomers?
As giant whales increase their positions, retail participation moves in the opposite direction.
According to Glassnode data, the number of new XRP addresses significantly declined last week, reaching the lowest level since mid-April.
This indicator is typically seen as a measure of new capital inflows and user interest and has dropped nearly 20% from its peak in June.
This indicates an increasing divergence between institutional beliefs and broader market sentiment.
If user growth does not rebound, the long-term growth momentum of XRP may be difficult to sustain... no matter how optimistic the whales appear.
Momentum shows signs of recovery, but volume remains the missing piece.
Technical indicators show cautious momentum.
As of the time of writing, the Chaikin money flow is +0.11, indicating mild buying pressure—possibly due to whale accumulation.
However, the relative volume (RVOL) remains at a low of 0.15, far below the typical level of 1.0 seen before significant breakouts.
Despite XRP stabilizing around $2.19, it has yet to attract the strong trading activity necessary for a sustained rise.
The groundwork for a rebound may be in place, but without a noticeable increase in volume, momentum could fade before gaining traction.