Large-scale investors, commonly referred to as “whales,” have significantly increased their exposure to XRP, with total holdings surpassing 11 billion tokens.
Recent on-chain data indicate that over 200 million XRP were accumulated by major wallets within the past two weeks, signaling a notable shift in market positioning among high-net-worth participants.
According to the data given by CoinMarketCap, at the time of writing, the coin is trading at $1.45 with a 5.5% decrease in rate. The daily trading volume of the token is around $2.99 billion, and the market cap of the coin has exceeded $88.91 billion.
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Whale Accumulation Accelerates
Blockchain analytics data indicate a stable incline in the token’s holdings among wallets controlling substantial balances. These wallets, generally related to institutional players or high-value investors, have jointly added more than 200 million coins over a short time frame.
The hoarding trend has urged total whale-held XRP above the 11 billion mark, indicating stable buying pressure despite extended market fluctuations. Former patterns speculate that such accumulation phases often merge with strategic positioning during times of price consolidation.
Market Context and Price Behavior
The token’s price chart reveals a downward momentum. It could climb toward the resistance (yellow) at around $1.4614. Assuming a bullish pressure may occur, the golden cross might emerge and send the price up to test the $1.5000 range.
If a reversal occurs, the bears might further push down the coin’s price to the support (blue) at $1.4388. In case the downside correction gains more traction, the death cross could form, and likely drive the asset’s price to a low of $1.4000 or even lower.
The relative strength index (RSI) shows DOGE being oversold as the RSI line is below the 50 median. The moving average convergence divergence (MACD) indicator shows the coin experiencing a bearish momentum as the MACD line (blue) is below the signal line (orange).
XRP’s On-Chain Data Highlights Growing Concentration
Data from analytics platforms suggests that the growth in holdings is concentrated among addresses holding between 10 million and 100 million coins. This association is broadly traced as a proxy for “smart money” movement within the asset’s ecosystem.
The stabilized climb in holdings reflects that these traders are not only keeping positions but actively enlarging them. This trend aligns with prior accumulation phases where large holders increased exposure ahead of imminent price actions or major ecosystem growth.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: XRP Growth Surges as Network Hits 7.7M Wallets, Eyes $1.69
