XRP News Today: XRP Whale Accumulates 900K Tokens Amid Regulatory and ETF Hopes

A large XRP accumulation move has drawn attention across the cryptocurrency market. An anonymous whale executed two consecutive limit buy orders: 396,000 XRP followed by 502,000 XRP, totaling over $1.7 million [1]. This occurred shortly after the same trader reportedly secured a $275,000 profit, raising speculation about the whale’s strategy and potential insight into market developments [1].

XRP is currently trading around $2.94, slightly down from intraday highs of $3.08. Over the past week, the token has ranged between $2.83 and $3.11, with resistance forming near $3.08 and support holding firm around $2.90–$2.95 [1]. Technical indicators present a mixed outlook: short-term momentum shows bearish tendencies, while long-term trends suggest underlying strength. A breakout above $3.05–$3.10 could open the door to further gains, whereas a drop below $2.90 may trigger a deeper pullback [1].

The whale’s actions appear to be part of a calculated accumulation strategy rather than a reactionary move. By placing nearly 900,000 XRP in buy orders just below $3.00, the whale seems to be reinforcing a key support level, possibly in anticipation of a larger market shift [1]. This pattern is reminiscent of whale behavior observed in previous bull cycles, where large players absorb liquidity at critical levels before retail demand accelerates [2]. Analyst Xaif suggested the whale may be front-running a major price move or acting on information not yet priced in by the broader market [2].

Several catalysts may be driving the whale’s confidence. The upcoming August 15 SEC update on Ripple’s legal case is widely seen as a pivotal moment that could resolve regulatory uncertainty around XRP, potentially unlocking broader institutional interest [1]. Additionally, Ripple’s expanding ecosystem—including the launch of RLUSD, tokenized treasury initiatives, and the XRPL EVM sidechain—continues to enhance XRP’s utility [1]. There is also growing speculation around the possibility of an XRP spot ETF approval, with a key deadline set for October 17 [1].

Market data also supports a bullish narrative. Inflows into XRP-focused investment products have surged, and wallets holding over 1 million XRP have seen record accumulation [1]. Whale activity has increased, signaling stronger conviction among major holders.

However, risks remain. A failure to hold above $2.90 could lead to renewed bearish pressure, pushing XRP toward $2.87 or lower [1]. Technical indicators such as the MACD and ADX on the daily chart show signs of weakening momentum, and a breakdown could temporarily undermine the whale’s positioning [1].

The whale’s back-to-back limit orders indicate a belief that the current price range is a base for further growth rather than a peak [1]. Whether driven by regulatory, technical, or fundamental developments, the whale’s actions highlight the $2.90–$3.00 range as a key battleground for XRP. For traders and long-term holders, this suggests that meaningful market moves may be on the horizon [1].

Source: [1] A Whale Drops 396K & 502K XRP Limit Orders Back-to-Back. What Does He Know? (https://timestabloid.com/a-whale-drops-396k-502k-xrp-limit-orders-back-to-back-what-does-he-know/)

[2] Xaif Crypto (@Xaif_Crypto) on X (https://x.com/Xaif_Crypto/status/1952892950587032048)