In a week marked by subdued retail activity, XRP’s largest holders have made a bold move—accumulating over $915 million worth of tokens, even as the broader crypto market shows signs of fatigue. This surge in whale accumulation comes at a pivotal moment for XRP, with the digital asset trading steadily around $2.20 and analysts eyeing a potential breakout toward the $3 mark.
Whale Accumulation Signals Strategic Positioning
On-chain data reveals that wallets holding between 10 million and 100 million XRP have added more than 420 million tokens in just seven days, representing one of the most aggressive buying streaks in recent months . Notably, whale-to-exchange transactions have dropped to zero, indicating that these large holders are not selling but rather positioning for a possible price surge . The number of wallets with over 1 million XRP has reached an all-time high, underscoring growing institutional conviction .
Retail Fatigue and Declining New User Growth
While whales are doubling down, retail participation is waning. Data from Glassnode shows that the number of new XRP addresses has fallen to its lowest level since mid-April, down nearly 20% from its June peak. This decline in new user activity suggests that fresh capital inflow is slowing, potentially limiting the momentum needed for a sustained rally .
Technical Indicators: Momentum Builds, But Volume Lags
Technical analysis paints a cautiously optimistic picture. The Chaikin Money Flow (CMF) stands at +0.11, reflecting mild buying pressure—likely driven by whale activity. However, Relative Volume (RVOL) remains low at 0.15, well below the threshold typically seen before major breakouts. Despite holding support above $2.20, XRP has yet to attract the robust trading volume required to ignite a full-scale rally .
What’s Next for XRP?
The groundwork for a significant rebound appears to be in place. Whale accumulation, a halt in large-scale selling, and technical support at key price levels all point to the potential for upward movement. However, without renewed retail interest and a spike in trading volume, any rally may struggle to gain lasting traction.
For investors, the current landscape presents both opportunity and risk. Institutional conviction is strong, but retail engagement will be crucial for XRP to break through resistance and approach its $3 ambition.
