XRP Price Primed for Major Rebound as Whale Gobbles Up $300M Stake, Top Analyst Claims

XRP bulls are roaring back—and one whale just placed a $300 million bet on it.

The Signal Behind the Surge

A prominent crypto analyst insists XRP has hit its turning point. Whale activity confirms the optimism—someone just snatched up a staggering $300 million worth of tokens. That kind of move doesn’t happen without conviction.

Timing the Turnaround

Market sentiment’s shifting. After months of sideways action, key indicators are flashing green. Trading volume’s up, social chatter’s heating up, and now—whale-level accumulation. Classic combo for a potential breakout.

Why It Matters Now

XRP’s been stuck in a rut while other altcoins pumped. But cycles change. When whales move, retail often follows. This could be the spark—or just another ‘smart money’ play while regular folks hold the bag. After all, in crypto, someone always ends up buying the top.

Key Insights:

• XRP price could rebound as the TD Sequential indicator printed a buy signal.
• A whale moved 100 million in XRP off crypto exchange Bitstamp as whale activity climbed after the Ripple coin fell to $2.85.
• A breakout above the pennant pattern formation could trigger a rally above $4.

XRP price appears poised to rebound as bulls strongly hold Ripple coin above the $2.90 level. Along with buy-the-dip sentiment, an indicator now signals it’s time for a rebound after the recent crypto market crash.

Some whale movements from crypto exchanges were also recorded after analysts recommended buying after prices fell below $2.85. CoinGlass data indicated whales opening long positions below the $2.90 level.

XRP Price Set for Rebound, Popular Analyst Predicts

On August 21, crypto analyst Ali Martinez said xrp price looked ready to bounce. He added that a signal now suggests “buy” after accurately predicting the local top recently.

Notably, XRP price fell more than 15% after the indicator highlighted a sell signal on August 9. Since then, whales and investors have sold Ripple coin worth billions.

In the latest analysis, Ali Martinez pointed out that the TD Sequential also printed a buy signal on the hourly chart. He confirmed XRP looked ready for a rebound after the recent crash.

Traders didn’t respond to the recent XRP price prediction of $5-$10 by analysts, as bulls failed to build upside momentum. Activity from long-term holders almost faded.

Meanwhile, analyst CrediBULL Crypto highlighted XRP/BTC chart showing the price rebounded from the support at 0.00002518. He predicted a strong XRP momentum to the upside if BTC finds a floor soon.

Whale Moves Almost $300 Million in XRP

Whale Alert reported four transactions of 25 million XRP each from crypto exchange Bitstamp. In total, 100 million XRP worth nearly $300 million were moved to four different wallet addresses.

The last transaction of 25 million XRP, valued at $72.69 million, occurred at 07:43 UTC on August 21. The wallet was activated by a self-custody BitGo initialization wallet, indicating a whale purchased the crypto asset.

However, whale FLOW still remained in the negative territory amid selloffs by whales. As The Coin Republic reported, XRP price action could remain structurally weak until whale flows rise.

The approval of XRP ETFs by the U.S. Securities and Exchange Commission (SEC) and the U.S. Office of the Comptroller of the Currency’s (OCC) granting Ripple a bank charter license could trigger massive buying by whales.

Lawyer Bill Morgan expected decisions on Ripple’s national bank charter and XRP ETFs could come by October end.

XRP Price Performance

XRP price jumped 0.32% in the last 24 hours, with the price trading at $2.90 at the time of writing. The 24-hour low and high were $2.83 and $3, respectively.

However, trading volume has decreased by 15% ahead of an upcoming crypto options expiry. This indicated a decline in interest in the spot market in the last 24 hours.

In the daily timeframe, a breakout above the pennant pattern formation on the XRP chart could trigger a rally above $4.

Meanwhile, CoinGlass data showed mixed sentiment in the derivatives market. The total XRP futures open interest declined 1% to $7.55 billion in the last 24 hours.

XRP futures OI on CME and Binance climbed more than 7% and 0.15%, respectively. This signals bullish sentiment in the United States.