Over two days, nearly $325 million worth of XRP moved between unknown wallets, sparking speculation of major whale repositioning. On-chain data suggests large buy orders persisted despite a nearly 50% price drop from July highs, hinting at accumulation. Meanwhile, XRP’s price charts show a critical juncture as it completes a bull flag formation, with the $1.30-$1.32 support zone determining the next major directional move.
On 10 and 11 February, blockchain tracker Whale Alert recorded massive XRP transfers totaling 229 million tokens. The first transaction moved 125 million XRP, valued at approximately $177 million, between unknown wallets. The following day, another 104.8 million XRP, worth nearly $147 million, was shifted.
The sending address for the second transaction was identified among the top 60 XRP holders. This indicates strategic movement by a significant holder rather than retail investor activity. Unless those funds were sent to exchanges, it cannot be confirmed as selling.
Data from CryptoQuant revealed that large whale orders remained visible as XRP’s price declined sharply from its July peak. Average order size stayed elevated, with large orders clustering more heavily at lower price levels. This on-chain behavior strongly leans towards accumulation across the board.
Technically, XRP’s price formed a bullish MACD crossover on 6 February, leading to a 37% rally. By 11 February, a bearish MACD crossover appeared as the price consolidated into what chart analysts call a bull flag pattern. The Relative Strength Index (RSI) entered oversold territory during this period.
Failure to hold firmly above $1.30–$1.32 would invalidate the bullish setup. That scenario would reframe the prior surge as a relief rally and potentially open a path toward the $1.10 level. Conversely, a confirmed bounce from this support zone could trigger another 37% advance toward $1.81.
