- XRP whales have amassed more than 880 million tokens in the last month, showing strong confidence in the market’s price going forward.
- Having resisted price volatility, large holders have continued to purchase XRP at steady rates, thereby increasing the total whale-held supply to 7.75 billion.
- Technical indicators such as RSI and MACD now indicate that momentum is building and that XRP is trending bullishly.
Whales have deposited more than 880 million XRP coins into their wallets in the past month as a sign of increased confidence in the digital asset’s future. Such whales are usually wallets containing between 10 million and 100 million XRP, and buying such large amounts is usually a sign that they are expecting a positive price movement later on.
Source: X @ali_charts
Ali (@ali_charts) posted on X and shared a chart from Santiment, a blockchain analytics platform, indicating a steady growth in whale holdings since early April 2025. From this pattern, it is clear that these large holders have been buying the Ripple-linked cryptocurrency consistently over the past few weeks.
XRP Price Rebounds after Whales Snap Up Its Positions
Two key trends are reflected in the chart that Ali posted and they are the quantity of XRP held by these massive wallets and the price of this coin within the same timeframe. Even though the crypto asset’s price has fluctuated during this period, the rate at which whale accumulation was gaining speed did not slow down.
As shown by the chart, the coin’s price was around $2.21 as of May 8, having gained from recent dips in the month. It is also important to mention that the total value held by whale wallets approached 7.75 billion XRP at that moment.
Whale Moves Conform to Bullish Signals from Chart
On the TradingView chart, XRP has been trying to steady itself after a shaky period over the last couple of months. In recent days, the price was hovering between $2.10 and $2.25 and bounced clearly from the $2.13 level.
Source: TradingView
The RSI, a tool that can be used to determine if a coin is overbought or oversold, is showing an uptick, and has moved from under 40 to above 58. This reflects that momentum is building, which may indicate a shift to more buying pressure.
Meanwhile, the MACD (Moving Average Convergence Divergence), is nearing a possible bullish crossover, and this may provide more legitimacy to the idea that XRP may be ready to start a new price rally.