XRP Whales Go on $915 Million Buying Spree – Is a Price Explosion Imminent?
Big money just placed a billion-dollar bet on XRP. While retail traders were doomscrolling, crypto whales quietly accumulated $915 million worth of the embattled token—the largest single purchase since the SEC lawsuit began.
The move comes as Ripple Labs reports record institutional adoption, with payment corridors processing 47% more volume than last quarter. Meanwhile, Wall Street banks continue charging 3% fees for international transfers that settle in three days.
Technical indicators show XRP breaking through key resistance levels that held firm through Q2. The 50-day moving average just crossed bullishly above the 200-day—a classic "golden cross" pattern last seen before the 2021 rally.
Of course, in crypto-land, nine-figure investments sometimes vanish faster than a hedge fund's moral compass. But with derivatives markets flashing green and shorts getting squeezed, this whale activity might finally be the catalyst XRP needs.
XRP Whales To The Rescue
Over the last week, XRP whales have been accumulating heavily, showing a strong conviction in the token’s future recovery. Addresses holding between 10 million and 100 million XRP have added over 420 million XRP, totaling more than $915 million in purchases.
This surge in whale activity suggests that, despite the recent volatility, large investors see current prices as a buying opportunity. These whales’ confidence is indicative of their belief that XRP will eventually recover, and they are positioning themselves for potential gains.
The overall market sentiment for XRP has been mixed, particularly with regard to new addresses. Last week, new XRP addresses experienced a sharp decline, dropping to a two-month low. This trend suggests that XRP is losing traction among new users, possibly due to a lack of sustained growth and uncertain market conditions.
Despite the whale activity, the decline in new addresses raises questions about XRP’s ability to maintain widespread appeal in the short term. The lack of new investment in the FORM of new addresses suggests that the broader market sentiment remains cautious.
XRP Price Rise Likely
XRP price has risen by 8.4% in the last 48 hours, currently trading at $2.18. Given the strong support of the whale, this momentum could continue in the NEAR term. If whales continue accumulating and market sentiment turns positive, XRP may continue to rise, with $2.23 as the next key resistance level.
If XRP breaches the $2.23 resistance, it could push toward $2.32, provided that $2.27 is successfully flipped into support. A sustained rise above $2.27 WOULD be a positive sign for further upward movement, possibly signaling the continuation of the bullish trend. With whales backing the asset, XRP has the potential to break through these barriers.
On the other hand, if broader market conditions shift toward a bearish sentiment or if investor skepticism leads to more selling, XRP could fall below the support at $2.13. A drop to $2.02 would invalidate the current bullish outlook, signaling a potential reversal in sentiment and further losses in the near term.
