XRP Whales Accumulate Quietly as Price Eyes Breakout
XRP’s price has been slipping, and whales are making big moves. On-chain data reveals a surge in whale activity, with hundreds of millions of XRP changing hands. But while whales are buying, retail interest is fading, and XRP struggles to hold momentum.
$915M in XRP Snapped Up in One Week
In just one week, XRP whales snapped up over 420 million tokens, worth more than $915 million, which shows strong confidence among investors in XRP. However, new wallet creation has dropped to a two-month low, showing that while whales are buying, retail interest remains cautious.
Recently, XRP surged 6% to $2.23 as over 108 million XRP traded in a single hour. Whales were highly active during the rally. XRP held steady, backed by strong buying pressure.
On-chain data shows that whales have been actively moving XRP over the last two weeks. On June 18, Ripple transferred 200 million XRP (around $439 million) to an unknown wallet, possibly for institutional use or strategic purposes.
Meanwhile, on June 12, June 15, and June 19, three large transactions totaling over 80 million XRP (worth around $175 million) were sent from unknown wallets to Coinbase, which were likely whales preparing to sell or take profits.
Previously, 230 million XRP were moved from Ripple to an unknown wallet, and 50 million XRP were moved between two unknown wallets. These large transfers point to increased XRP activity.
XRP Eyes Breakout Above $2.20
XRP might be trading sideways, but these transactions show that whales are quietly loading up. The number of wallets holding over 1 million XRP also hit a record high of 2,850.
Recently, XRP also saw a massive 442.7% jump in daily active addresses, hitting 181,000 in just 24 hours. The major spike in shoes growing user interest and real network activity.
XRP is currently trading at $2.18, up 3.6% in the last 24 hours. It is showing gains of 2.7% over the past week and has recovered after dipping below $2.00 earlier in the week. The recent rebound and rising volume show that buyers are stepping in. But for a clear breakout, XRP must hold above $2.20. If rejected, price could revisit the $2.05–$2.10 support.
Technicals are mostly neutral with momentum and MACD showing mild bullish signals. The short-term EMAs are bullish while the longer-term SMAs (50, 100, 200) still show some resistance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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