XRP Whales Move 998.1M, Sell Pressure Dips 93% as Breakout Looms
- XRP $XRP whale activity surged with $998.1M in coordinated transfers, signaling potential price breakout optimism.
- Major wallets now control 14% of circulating XRP supply, while whale-to-exchange outflows dropped 93% since July.
- Technical analysis highlights $3.35–$3.40 resistance zone and a $11.44M long position above 90-day average.
- Market awaits confirmation of whale-driven momentum amid Ripple's SEC litigation and potential ETF/institutional catalysts.
A surge in XRP whale activity has sparked renewed optimism in the cryptocurrency market, with analysts interpreting the moves as a precursor to a potential price breakout. According to crypto analyst Xaif, two identical transactions transferring 153.2 million XRP each were executed from Uphold to the same wallet within 60 seconds, totaling 306.4 million XRP valued at nearly $998.1 million. This rapid movement, one of the largest whale activities this month, was followed by a 9.2 million XRP transfer from Coinbase to a separate address, adding to speculation of strategic repositioning among major XRP holders.
On-chain data reveals intensified accumulation by XRP whales, with wallets holding between 10 million and 100 million tokens adding over 130 million XRP in a single day. These wallets now control 8.31 billion XRP, or 14% of the circulating supply, a historic high for this group [1]. Simultaneously, whale-to-exchange flows have plummeted by over 93% since early July, indicating reduced immediate sell-side pressure and a possible buildup of supply for a potential price surge.
Technical indicators also suggest a critical juncture. XRP is currently trading at $3.16, consolidating after hitting an intraday high of $3.32. Analysts are monitoring the $3.35–$3.40 resistance zone, which aligns with a key one-hour God Candle backtest at $3.42. A breakout above this level could push the price toward $3.62, with further targets at $3.83 and $4 if momentum continues. Adding to the bullish sentiment, a whale recently opened a long position worth $11.44 million at $3.2979, a price above XRP’s 90-day average.
While Ripple’s ongoing legal battle with the SEC remains a background factor, market observers suggest these synchronized transfers could signal broader developments. Potential catalysts include institutional adoption, ETF-related momentum, or upcoming announcements from Ripple or its partners. The market is closely watching whether the whales’ coordinated actions will translate into a significant price movement in the near term.
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#XRPWhaleAccumulation
- Major wallets now control 14% of circulating XRP supply, while whale-to-exchange outflows dropped 93% since July.
- Technical analysis highlights $3.35–$3.40 resistance zone and a $11.44M long position above 90-day average.
- Market awaits confirmation of whale-driven momentum amid Ripple's SEC litigation and potential ETF/institutional catalysts.
A surge in XRP whale activity has sparked renewed optimism in the cryptocurrency market, with analysts interpreting the moves as a precursor to a potential price breakout. According to crypto analyst Xaif, two identical transactions transferring 153.2 million XRP each were executed from Uphold to the same wallet within 60 seconds, totaling 306.4 million XRP valued at nearly $998.1 million. This rapid movement, one of the largest whale activities this month, was followed by a 9.2 million XRP transfer from Coinbase to a separate address, adding to speculation of strategic repositioning among major XRP holders.
On-chain data reveals intensified accumulation by XRP whales, with wallets holding between 10 million and 100 million tokens adding over 130 million XRP in a single day. These wallets now control 8.31 billion XRP, or 14% of the circulating supply, a historic high for this group [1]. Simultaneously, whale-to-exchange flows have plummeted by over 93% since early July, indicating reduced immediate sell-side pressure and a possible buildup of supply for a potential price surge.
Technical indicators also suggest a critical juncture. XRP is currently trading at $3.16, consolidating after hitting an intraday high of $3.32. Analysts are monitoring the $3.35–$3.40 resistance zone, which aligns with a key one-hour God Candle backtest at $3.42. A breakout above this level could push the price toward $3.62, with further targets at $3.83 and $4 if momentum continues. Adding to the bullish sentiment, a whale recently opened a long position worth $11.44 million at $3.2979, a price above XRP’s 90-day average.
While Ripple’s ongoing legal battle with the SEC remains a background factor, market observers suggest these synchronized transfers could signal broader developments. Potential catalysts include institutional adoption, ETF-related momentum, or upcoming announcements from Ripple or its partners. The market is closely watching whether the whales’ coordinated actions will translate into a significant price movement in the near term.
🚀🚀🚀 FOLLOW BE_MASTER BUY_SMART 💰💰💰
Appreciate the work. 😍 Thank You. 👍 FOLLOW BeMaster BuySmart 🚀 TO FIND OUT MORE $$$$$ 🤩 BE MASTER BUY SMART 💰🤩
🚀🚀🚀 NOT JUST LIKE BUT, FOLLOW BE MASTER BUY SMART - Thank You.
#XRPWhaleAccumulation
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XRP
3.1293
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