XRP Whales Are Active: Heres Where They Are Sending Coins

On-chain data shows the XRP whales have been active during the past day. Here are the destinations their moves have been heading to. XRP Whales Have Moved Around Big Amounts In Last 24 Hours According to data from the cryptocurrency transaction tracker service Whale Alert, several large XRP transactions have been witnessed on the blockchain in the past day. More specifically, five transfers in total that are of scale often attributed to the whales have occurred on the network inside this window. Since whale transactions involve the transfer of a significant sum of capital, they can sometimes cause fluctuations in the market. Related Reading: 85% Of Altcoins In Opportunity Zone, Santiment Reveals The implications any whale transfers might have for the market depend on their intent. However, the exact purpose behind any transfer can be hard to ascertain. Nonetheless, the address details of the transaction may provide at least some hints about the context surrounding it. First, here are the details regarding the oldest XRP whale transfer from the past day: Looks like this massive move only required a minute fee of 0.000015 XRP to be possible | Source: Whale Alert As is visible above, this transaction involved the movement of 29.74 million XRP, worth $15.7 million at the time of the transfer. The sender was an unknown wallet, likely a whale’s address. On the other hand, the receiver was a wallet attached to a known centralized platform: the cryptocurrency exchange Bitso. Thus, the whale here made a deposit to the exchange from their personal address. Investors usually make such transactions whenever they want to use one of the services platforms like these provide, including selling. As such, exchange inflows can prove to be bearish for the price. The second-oldest whale transaction from the past 24 hours was also an exchange inflow, this one towards Bitstamp. Interestingly, the sending address for this one was the same as the Bitso deposit, so the same whale was probably behind both of these moves. The large investor shifted 27,430,000 XRP ($14.5 million) to the exchange in this second move. Naturally, if the whale has made these large moves for selling, they could be a bad sign for the asset’s price. Though, perhaps fortunately for the XRP investors, two exchange outflows have also occurred recently, which may cancel out these inflows. Below are the details of the two larger withdrawals. The addresses involved in the first of the whale exchange withdrawals today | Source: Whale Alert In this move, a whale took out around 26.67 million XRP ($14 million) from Binance. Today’s exchange outflow also involved Binance, with another 20.85 million tokens ($10.6 million) leaving the platform. The fifth and final transfer was the largest during the past day at a whopping 100 million XRP ($53 million), but this move involved unknown wallets on both sides so it’s impossible to say why the move would have been made. Related Reading: Bitcoin Forms Death Cross & TD-9 Sell Signal: Brace For Impact? The reason could have been anything, from a change of wallets to selling through over-the-counter (OTC) means. XRP Price XRP had recovered to $0.57 earlier in the week, but it appears that the coin has lost this progress; it’s back at $0.52 now. The price of the asset appears to have seen a decline over the last few days | Source: XRPUSD on TradingView Featured image from Ole Kloth on Unsplash.com, whale-alert.io, chart from TradingView.com

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XRP Accumulation: Key Sharks And Whales Group Hits All-Time High Holdings

On-chain data shows a key XRP sharks and whales group has been accumulating recently, a sign that could be positive for the asset’s price. XRP Whales And Sharks With 1M-10M Tokens Now Hold All-Time High Supply As per data from the analytics firm Santiment, 7.23% of the total XRP supply is now held by this key investor group. The relevant indicator here is the “Supply Distribution,” which tells us how the total supply is distributed across the different wallet groups in the market right now. These “wallet groups” are bands that define ranges between which the number of coins held by wallets belonging to a particular group lies in. For example, the “100-1,000 coins” group includes all addresses that are holding at least 100 and at most 1,000 XRP tokens. Related Reading: Altcoin Indexes Take Beating As Investors Flip Alts For Bitcoin The Supply Distribution metric has two versions; one shows the number of wallets (or more simply, the number of holders) belonging to each cohort, while the other measures the supply percentages contributed by each group. Now, here is a chart that shows data for both these Supply Distribution metrics for the 1M-10M coins band: Looks like the values of both these metrics have climbed up in recent days | Source: Santiment The 1M-10M coins band is an important cohort for XRP as it includes both sharks and whales. Though, the largest whales aren’t included in this group, as the upper level of the band is just 10 million tokens, which is worth around $3.4 million at the current exchange rate. From the graph, it’s apparent that the number of investors belonging to this key group has gone up recently, and the metric’s value now stands at 1,617, which is an all-time high. The percentage of the total XRP supply held by this cohort has observed an even sharper uptrend this month, as these sharks and whales now account for around 7.23% of the total tokens in circulation, which is also a new record. Related Reading: FTX (FTT) and Ripple (XPR) Battle On, Orbeon Protocol (ORBN) Leads the Way as Top Crypto Token It would appear that these whales and sharks are looking to end the year 2022 with some heavy XRP accumulation, something that is likely to have a bullish effect on the crypto’s price in the long term. XRP Price At the time of writing, XRP’s price floats around $0.34, down 12% in the last week. Over the past month, the crypto has lost 5% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto seems to have not seen any significant movement during the last few days | Source: XRPUSD on TradingView Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Santiment.net

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XRP Whales Keep Buying Data Reveals Smart Money Prepares For A Rally

XRP has been range-bound in recent days, consolidating after successfully holding strong above the critical $2.10 support level. As one of the standout performers this cycle, XRP experienced a massive surge following the US election, capturing investor attention. However, recent price action has introduced uncertainty, leaving some investors concerned about the possibility of further downside. Related Reading: Solana Holds Weekly Support At $180 Analyst Expects $330 Mid-Term Despite these fears, on-chain data suggests a different narrative. Insights from Santiment reveal that whales have accumulated another 40 million XRP in the past 24 hours. This significant accumulation indicates that Smart Money may be positioning itself for an upcoming rally. Historically, such whale activity has preceded major price movements, providing a bullish signal for long-term holders. XRPs ability to maintain the $2.10 support level amid market fluctuations demonstrates resilience, but the next decisive move will depend on whether bulls can capitalize on this accumulation phase. If buying momentum continues and XRP breaks out of its current range, a push toward new highs could follow. XRP Continues To Signal Strength  XRP continues to display resilience, trading above key support levels and attracting investors who recognize its long-term potential. Despite a significant 30% retrace from recent highs, XRP has held its ground, maintaining critical support zones that bolster a bullish outlook. This stability is driving confidence among market participants, with many seeing the altcoin as a top contender for future growth. Top analyst Ali Martinez recently highlighted compelling data from Santiment, showing that whales added another 40 million XRP to their holdings in the last 24 hours. This follows a broader trend of consistent whale accumulation, a phenomenon often regarded as an indicator of smart money positioning for a significant market move. Such activity suggests that institutional and high-net-worth investors expect XRP to outperform in the coming months. The sustained interest in XRP stems from its ability to remain strong despite recent corrections and broader market uncertainty. Holding above key support levels not only reflects technical strength but also underscores investor confidence in its potential for a significant rally. Related Reading: If History Repeats Dogecoin Has Potential For A Parabolic Rally Details As whale accumulation continues and sentiment shifts, XRP is well-positioned to capitalize on positive momentum. A breakout above resistance levels could mark the beginning of a powerful rally, reinforcing its leadership among altcoins in the current cycle. Technical Analysis: Key Levels To Watch XRP is currently trading at $2.22 after successfully testing the 4-hour moving average (MA) and exponential moving average (EMA) around $1.96 a few days ago. This bounce off critical support levels highlights XRP’s short-term strength, reinforcing its bullish momentum. The MA and EMA are widely regarded as key indicators for assessing the health of an asset, and XRP’s ability to hold above them signals strong demand at lower levels. Maintaining support above $2.13 in the coming days is essential to sustain this momentum. If XRP continues to trade above this level, it would solidify investor confidence and pave the way for a potential test of the $2.40 resistance mark. Breaking above $2.40 would likely trigger additional buying interest, potentially driving XRP toward new highs as the broader market sentiment improves. Related Reading: Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours Details On the flip side, losing the $2.13 support could introduce some short-term weakness, leading to a retest of lower levels near the MA and EMA. However, as long as XRP maintains its overall structure above these moving averages, the bullish narrative remains intact, and the altcoin could continue to attract smart money positioning for the next rally. Featured image from Dall-E, chart from TradingView

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XRP Surges 10% As Whales Participate In $300 Million Buying Spree

On-chain data shows the XRP whales have participated in a significant amount of buying recently, a potential reason behind the asset’s surge. XRP Whales Have Added 470 Million Tokens To Their Supply Recently As explained by analyst Ali Martinez in a new post on X, the XRP whales have expanded their holdings over the last [...]

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