Dormant XRP Wallets Awaken – Is Ripple’s Price About to Explode?
Sleeping giants stir in the XRP ledger—old wallets suddenly active after years of silence. Could this signal a major price move for Ripple’s embattled token?
Whale alert: Ancient XRP holdings shift
When dormant wallets wake up, markets take notice. These aren’t retail traders—we’re talking seven-figure holdings last touched before the 2020 SEC lawsuit. The timing? Suspiciously close to Ripple’s recent partial legal victory.
Price implications: Pump or dump?
History shows two scenarios when whales move: either they’re positioning for a rally (bullish) or preparing to offload (bearish). With XRP still 80% below its ATH, the real question is whether these players see something the rest of us don’t—or just need liquidity to cover their yacht payments.
The cynical take: Nothing moves crypto prices like the illusion of insider activity. Whether this actually means anything for XRP’s fundamentals remains to be seen—but it’ll definitely move some contracts on Deribit.
Old Coins Return to Circulation
XRP is still up by almost 46% over the past month while holding slightly shaky at the $3.15 support level. According to Santiment’s latest data, one important on-chain signal is the reactivation of dormant coins, which suggests renewed investor interest and participation from long-term holders.
The average age of XRP investments has dropped by 91 days and is now standing at 593 days. This means that a wave of older wallets is moving assets back into circulation. Historically, such behavior has often preceded or accompanied bullish price action, lending further weight to the current market momentum.
However, crypto analyst Ali Martinez warned that if XRP fails to hold the crucial $3.15 support level, the crypto asset could retrace to the $3 mark. While this potential dip may concern short-term traders, Martinez said it could offer a compelling buy-the-dip opportunity for investors anticipating a rebound, especially given XRP’s strong performance and recent on-chain activity.
While traders eye short-term price action, major players are taking a longer-term view – especially through large-scale XRP allocations.
XRP Gains Institutional Traction
In what appears to be a growing corporate confidence in XRP as a strategic asset, Hyperscale Data has officially launched its $10 million XRP treasury program. The company plans to provide weekly updates starting August 12, in a bid to boost transparency and investor trust.
With a possible 36-month lockup under consideration, Hyperscale’s move indicates a long-term commitment rather than short-term speculation. The latest development comes on the heels of Nature’s Miracle’s $20 million XRP plan.
