Large-scale XRP investors, known as “whales,” have collectively accumulated over 200 million tokens in a two-week period, pushing total holdings past 11 billion. This significant accumulation signals growing confidence among major market participants. Concurrently, the asset’s price experienced a decline, trading at $1.45 with a market cap exceeding $88.9 billion. Analysts note that such concentrated buying can impact broader market dynamics during periods of price consolidation.
Major investors have significantly increased their exposure to **XRP**, with total whale holdings surpassing 11 billion tokens. Recent on-chain data indicates over 200 million XRP were accumulated by large wallets within the past two weeks.
The token was trading at $1.45 at the time of writing, according to data given by CoinMarketCap. Its market capitalization has exceeded $88.91 billion with a daily trading volume of around $2.99 billion.
Data indicates a steady incline in holdings among wallets controlling substantial balances. These wallets have jointly added more than 200 million coins over a short timeframe.
The price chart reveals a downward momentum, though it could climb toward a resistance level around $1.4614. A bearish reversal might push the price to a support level at $1.4388 or lower.
The relative strength index shows the asset being oversold. The moving average convergence divergence (MACD) indicator shows the coin experiencing a bearish momentum as the MACD line (blue) is below the signal line (orange).
Analytics data suggests the growth is concentrated among addresses holding between 10 million and 100 million coins. This group is broadly tracked as a proxy for “smart money” movement within the ecosystem.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
