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Crypto Whales Gobble Up 880 Million XRP in 30 Days—Is a Price Surge Coming?

Crypto Whales Gobble Up 880 Million XRP in 30 Days—Is a Price Surge Coming?

Cryptopolitan
Release Time:
2025-05-08 20:10:00
0

XRP’s big players just made their move—and it’s a whopper. On-chain data reveals whales snatched 880 million tokens in May alone, worth roughly $440 million at current prices. Are they betting on Ripple’s legal wins or just playing the usual pump-and-dump game?

Meanwhile, retail traders scramble to decode the accumulation pattern. Spoiler: The ’smart money’ already front-ran you—as usual.

XRP holds above $2 with confidence

XRP recovered and held above $2, but has so far failed to rally to a new peak. The token benefits from expectations of renewed altcoin strength, but still reflects the skepticism of traders. 

XRP activity remains relatively low, with open interest at just $1.5B, due to an overall lack of direction and long-term sideways trading. For now, traders remain cautious, accumulating their long positions at the $2 support level. 

Whales accumulated over 880M XRP in the past month

Traders positioned their long around the $2 support level, while still expecting a bigger XRP rally. | Source: Coinank

Despite this, both crowd sentiment and smart money are bullish on XRP, due to its prominence as a widely traded altcoin. 

$XRP Sentiment

CROWD = Bullish 🟩
MP = Bullish 🟩

Check out sentiment and other crypto stats at https://t.co/HQDyBNuzek pic.twitter.com/eqF8Z7UIbI

— Market Prophit (@MarketProphit) May 8, 2025

XRP Leveraged positions go long at the $2 range, with 70% of open interest held as long positions. 

While holding a stable downside, XRP predictions still await a new all-time high if the 2025 bull market resumes. Interest in XRP grew as Ripple is still making aggressive attempts to acquire stablecoin issuer Circle. 

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