XRP News Today: Whales Build Fort Knox as Long-Term Holders Cash Out

XRP’s price trajectory has become a focal point for market analysts due to the contrasting actions of two key investor groups: whales and long-term holders. Recent on-chain data indicates that large XRP holders, or "whales," have amassed over $1.1 billion in tokens over three days, with addresses holding 100 million to 1 billion XRP acquiring more than 400 million tokens. This aggressive accumulation reflects strong confidence that XRP may recover in the near term, suggesting these influential investors see value at current price levels [1]. Meanwhile, long-term holders have been offloading their positions, as indicated by a sharp increase in the age consumed metric, which tracks the movement of dormant tokens. This surge suggests that long-held XRP is entering the market, potentially adding downward pressure [1].

The tug-of-war between these two groups has left XRP price in a narrow trading range, currently hovering around $2.81. The cryptocurrency is caught between a key resistance at $2.85 and support at $2.73, with $3.00 representing the critical level for a breakout. Analysts have noted that XRP remains vulnerable to price declines unless whale accumulation can outweigh the selling pressure from long-term holders. A successful breakout above $3.00 could indicate a shift in sentiment and renewed bullish momentum [1].

The recent accumulation by whales has also been accompanied by a notable price movement. XRP briefly surged to $2.88 during Monday trading, breaking out of a descending triangle pattern that had previously signaled bearish momentum. While this does not immediately make XRP bullish, it removes the immediate risk of a sharp decline as long as support at $2.85 and $2.69 holds. Analysts emphasize that the broader three-month uptrend remains intact, and if profit-taking activity subsides, whales could facilitate further gains [2]. However, this optimism is tempered by the risk that profit-taking could slow the rally. For example, the percentage of XRP supply in profit has risen to nearly 93%, suggesting a large portion of holders could sell during a rally to lock in gains [2]. Additionally, HODL wave data reveals that short- and mid-term holders have reduced their holdings, indicating active selling pressure [2].

The market’s attention was also drawn to a massive whale transaction involving 257 million XRP, equivalent to $706 million, which raised questions about whether the move was bullish or bearish. On-chain analysis suggests that the transaction was likely a transfer from a cold wallet to a hot wallet by Kraken, possibly to meet user demand. This move coincided with the broader accumulation trend by whales, which analysts view as a positive sign for XRP’s price [4]. The crypto exchange’s actions, coupled with continued whale inflows, could support the current consolidation floor around $2.86 and provide XRP with the momentum needed to reclaim the psychological $3 level [4].

Looking ahead, the price action remains closely tied to key technical levels. A close above $2.85 is seen as crucial, with $2.90 representing another key threshold. A strong close above $3.00 could trigger a broader bullish move, while a failure to hold above $2.85 risks reigniting bearish sentiment. Analysts are also monitoring the impact of the Federal Reserve’s upcoming rate cut, which has a 99% probability of occurring at the September 17 FOMC meeting. A rate cut could boost risk-on sentiment and drive additional flows into crypto assets like XRP [3]. The token’s market capitalization currently stands at $170.76 billion, with daily trading volume exceeding 3.52 billion, indicating growing investor interest [3].

Source:

[1] XRP Whales vs Long-Term Holders (https://beincrypto.com/xrp-whales-vs-long-term-holders-who-will-decide-the-price-action-path/)

[2] XRP Whales Scoop Up $630 Million, But One Risk Remains (https://beincrypto.com/xrp-price-whales-buy-risk-remains/)

[3] XRP Price Prediction: Whales Accumulate as Triangle ... (https://coincentral.com/xrp-price-prediction-whales-accumulate-as-triangle-pattern-sets-stage-for-next-major-move/)

[4] Here's The Large XRP Transaction That Has Got Tongues ... (https://www.mitrade.com/insights/news/live-news/article-3-1096907-20250905)