TLDR
Large holders of XRP bought about $72 million worth of tokens as the price retested the key $1 level, creating a notable divergence between whale activity and broader market weakness.
- On?chain data shows whales accumulated around 72 million XRP in 24 hours as the token trades near $1 and sits roughly 70% below its 2025 peak.
- This buying comes while spot XRP ETF assets drop below $1 billion and new user growth remains flat, meaning existing large holders are replacing fading institutional demand.
- The $1 zone is a major support area, but if it fails, analysts highlight downside toward about $0.87$0.62, so whale buying alone does not eliminate drawdown risk.
Deep Dive
1. What Whales Are Doing
Multiple analytics and news outlets report that XRP whales, typically wallets with at least 1 million XRP, bought about 72 million XRP in a single day, worth roughly $72 million at current prices near $1. This adds to a broader trend where large holders have accumulated more than 380 million XRP over a recent week and over 452 million XRP in recent weeks, lifting total whale holdings to around 12.18 billion XRP. One detailed recap notes that this activity is happening while XRP trades nearly 69% below its January 2025 high near $3.30, implying whales view the drawdown as an accumulation zone rather than a reason to exit.
Large, long?term holders are increasing exposure into weakness, which often signals conviction, but it does not guarantee a near?term price rebound.
2. Whales Versus ETFs And Network Flows
While whales buy, spot XRP ETFs have seen inflows compress and net assets fall below the symbolic $1 billion mark to about $942 million, according to ETF flow trackers summarized in recent coverage. XRP ETF net inflows dropped sharply compared with prior weeks, showing waning institutional appetite. At the same time, XRPL network data shows active addresses up from about 26,400 to roughly 35,700 daily, yet new addresses are flat near 2,260 per day, meaning existing users and whales, not new entrants, drive activity. Another analysis finds that withdrawals from exchanges hit their highest share since 2019, with whales removing more than 72 million XRP from trading venues in 24 hours, as noted in exchange flow data.
Liquidity is shifting from ETFs and exchanges into larger private wallets, which can reduce immediate sell pressure but concentrates influence in fewer hands.
3. Key Levels And Risk Scenarios
Technical commentators highlight $1 as a major support zone that has held since late 2024, with resistance around $1.06 and potential downside targets if support fails. One widely cited analyst warns that losing $1 cleanly could open the way toward supports in the $0.87 area and possibly down toward about $0.62 based on Fibonacci extension levels, as outlined in a recent market note. With ETF flows weak and price still in a long drawdown, the current setup is a tug of war between whale accumulation and broader market caution.
For XRP, the $1 region is the main battlefield; sustained holding above it with continued accumulation could form a base, while a clean break below would confirm that whales are buying into an ongoing downtrend rather than a completed bottom.
Conclusion
XRP (XRP) is seeing aggressive buying from its largest holders right as price and ETF demand weaken, creating a clear divergence between whale conviction and broader market sentiment. Whether this resolves into a recovery or deeper losses will hinge on how price behaves around the $1 support band and whether new demand joins the whales. Watching ETF flows, exchange balances and the $1$0.87 range can help gauge which side of this battle is gaining the upper hand.
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