DEEPER WHALES TAKE OVER: $729M XRP SHIFTS AMID THREE-MONTH ACTIVITY LOW

robot
Abstract generation in progress

XRP is caught in a prolonged price downtrend, unable to break out of its narrow range due to critically low network activity. While mid-sized whales show skepticism by offloading substantial amounts, a significant counter-signal is emerging: larger, deeper-pocketed wallets are aggressively absorbing the supply. Over the past four days, a redistribution saw 350 million XRP (worth over $729 million) shift from mid-sized cohorts to larger ones, signaling confidence from institutional investors, even as the asset struggles to generate meaningful momentum. I. The Transfer of Conviction: Mid-Whales Out, Big Whales In

On-chain metrics reveal a clear transfer of supply between different whale classes: Mid-Whale Distribution: Addresses holding 1 million to 10 million XRP offloaded more than 330 million XRP, indicating skepticism and profit-taking among mid-sized holders.Large-Whale Accumulation: This selling pressure was immediately absorbed by larger wallets holding 10 million to 100 million XRP, whose combined balances climbed by 350 million XRP. This accumulation signals that major, long-term investors view the current downtrend as a buying opportunity, acting as a critical stabilizing force. II. Network Weakness Limits Breakout Potential

Despite the confidence of large accumulators, the asset faces structural weakness that is preventing a sustained recovery: Activity at 3-Month Low: The number of active addresses on the XRP Ledger has fallen to a three-month low of 37,088. This sharp drop signals fading retail interest and muted transaction demand, which severely limits the liquidity needed to stage a strong price rally.Rangebound Price: XRP is trading at $2.08, trapped for weeks in a tight oscillation between the $2.20 resistance and the $2.02 support. The mixed signals from large whales (accumulation) and network participation (low activity) suggest that consolidation is likely to continue. III. Conclusion and Outlook XRP remains in a rangebound stalemate. The aggressive accumulation by the largest whale cohort provides a strong fundamental floor, reinforcing the crucial psychological support at $2.00. However, the long-term outlook remains challenged by the lack of network activity, which makes a sustainable breakout difficult. If broader market conditions improve, XRP could target $2.36 after breaking $2.20. Conversely, losing the $2.02 support would invalidate the bullish thesis and expose the altcoin to deeper losses. ⚠️ Important Disclaimer This analysis is for informational and educational purposes only and is based on on-chain metrics and analyst commentary. It is not financial advice, nor should it be construed as a recommendation to buy, sell, or hold any security or cryptocurrency. The cryptocurrency market is highly speculative, volatile, and subject to external factors. Readers must conduct their own comprehensive research (DYOR) and consult with a qualified financial advisor before making any investment decisions.

XRP-0.39%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)