XRP News Today: XRP Whales Accumulate 60M Amid Market Volatility, Signal Confidence

Significant whale activity has dominated the XRP market in the last 24 hours, as major holders accumulated 60 million XRP, signaling renewed confidence in the asset despite recent market volatility [1]. This surge came as XRP corrected from mid-July highs near $3.66, with the token stabilizing around $3.09 as of the latest reports [1]. The accumulation was led by wallets holding between 10 million and 100 million XRP, who seized the opportunity to buy during the price dip [1].

On-chain data reveals that whale-to-exchange transfers have dropped by over 90% since early July, suggesting a shift in strategy toward long-term holding rather than short-term trading [1]. This trend aligns with broader market dynamics, including a 14% drop from XRP’s local high and a $2.4 billion decline in open interest in futures contracts, which led to increased liquidations in derivatives markets [1]. However, rather than selling off, whales used the dip to build positions, reinforcing the narrative of a potential breakout [1].

Technically, XRP continues to trade above the critical $3.00 level and is supported by its 20-day exponential moving average (EMA) [1]. While the MACD remains bearish, the reduction in exchange inflows indicates that the market may be stabilizing. Analysts note that resistance lies in the $3.30 to $3.35 range, and a sustained break above this level could push the price toward $3.66 and even test $5.90 in the coming weeks [1].

In addition to on-chain activity, broader macro developments are influencing investor sentiment. A new U.S.–EU trade agreement has boosted risk-on behavior across asset classes, including crypto, while two key U.S. crypto bills—the Clarity Act and the Genius Act—are gaining traction, offering potential legal clarity for XRP and other digital assets [1]. Reports also indicate that over $25 million in long positions have been opened ahead of a major White House policy announcement, further reinforcing bullish expectations [1].

The recent whale accumulation is not an isolated event. Whale wallets have added $180 million in buying pressure across exchanges, contributing to XRP’s current price near a recent all-time high [2]. Analysts are closely watching whether these large investors can drive a broader market move, especially given that XRP’s price has shown limited movement around the $3.10 level despite heavy accumulation [3].

The market is also responding to broader crypto movements. Bitcoin rose 0.8% to $119,026 over the last 24 hours, while Ethereum climbed 3.3% to $3,890, and XRP gained 2.6% to $3.27 [4]. These gains are partly attributed to the U.S.-EU trade developments, which have lifted investor confidence and drawn capital back into altcoins like XRP [4].

While the price action remains confined near key levels, the accumulation by whales and favorable macro conditions suggest a potential turning point for XRP. If the token can clear resistance and sustain momentum, it may be on the path to a new cycle of growth, reminiscent of the 2017 bull run [2].

[1] Source: Times (https://timestabloid.com/60-million-xrp-in-24-hours-heres-what-happened/)

[2] Source: CryptoPotato (https://cryptopotato.com/xrp-to-flip-eth-etf-news-sparks-2017-flashbacks/)

[3] Source: Bitzuma (https://bitzuma.com/news/xrp-price-analysis-whale-accumulation/)

[4] Source: MSN (https://www.msn.com/en-us/money/savingandinvesting/bitcoin-price-drifts-xrp-gains-btc-could-hit-1-million-cantor-analysts-say/ar-AA1JqmFH)