Whales Gobble Up 30 Million XRP as Price Plunges to $2.8 - Smart Money Bets Big on Recovery

XRP whales and traders just deployed massive capital while retail investors panicked.

The Accumulation Game

While mainstream headlines screamed about the dip, sophisticated players quietly accumulated 30 million tokens at what they clearly consider bargain prices. This isn't random retail FOMO—this is calculated positioning during fear cycles.

Market Mechanics at Play

The $2.8 level triggered algorithmic buying programs and whale-sized limit orders that had been waiting patiently. These players don't chase pumps—they accumulate when weak hands capitulate. Their 30 million token purchase represents either brilliant contrarian thinking or disastrous timing, depending on which finance TV pundit you ask.

Institutional-grade accumulation during retail selloffs often precedes significant price movements. Of course, sometimes it just precedes more selling—because in crypto, even the 'smart money' gets rekt occasionally while pretending they meant to do that all along.

Analyzing the Impact of The XRP Accumulation

The massive accumulation during dips indicates that holders are confident that the altcoin could surge further in the charts. Despite the market crash, XRP managed to find support at the $2.7 level and barely dipped below that level. The altcoin remains rangebound, moving at $2.78 to $2.85 in the day’s session. If it breaks its resistance level of $2.90, XRP could reach $3 in the next leg-up.

Traders and whales are mostly buying the dips in anticipation of the SEC approving the Franklin Templeton XRP ETF in November. Apart from Franklin Templeton, many other institutional asset managers are awaiting the SEC’s nod to allow ETF trading to clients. The SEC could approve or reject the applications by the end of the year. However, traders are hopeful that the SEC might approve the ETFs, allowing the altcoin to stand alongside Bitcoin and Ethereum.

The hopes that the SEC would approve XRP ETFs come as the White House is now crypto-friendly. The White House plans to maintain a bitcoin reserve, along with other cryptocurrencies, in a first-of-its-kind move. Moreover, on the flipside, the SEC had an eight-year-long legal battle with Ripple, which could dent its chances of approval.

If the SEC approves all XRP ETFs by the end of the year, the altcoin’s price could soar in value. Therefore, traders and whales are taking the risk now for a better tomorrow. Whether the ETFs WOULD come to life or be struck down by the SEC, only time will tell.