XRP whales buy $2.2B as demand climbs

TLDR

Large XRP (XRP) holders have bought roughly $2.2 billion worth of tokens in a few days, alongside rising network activity and heavier derivatives use.

1. On-chain and exchange data show whales accumulated about 1.5-1.6 billion XRP, around $2.0-2.2 billion, over 96 hours, helping price recover above $1.40.
2. XRP Ledger activity, tokenized assets and stablecoins, plus falling exchange reserves, point to stronger structural demand even as ETF inflows plateau.
3. The next tests are whether XRP can clear resistance near $1.45-1.55 and sustain whale demand and XRPL usage without leverage-driven reversals.

Deep Dive

1. How Big The Whale Buying Was

Santiment data cited by analyst Ali Martinez shows large XRP wallets accumulated about 1.54 billion XRP in roughly four days, valued near $2.0-2.2 billion at recent prices. This was described as a "spectacular accumulation spree" and followed a drop to about $1.27 after a US Senate vote, with the buying helping XRP rebound toward and above $1.40, according to CryptoPotato.

TokenPost reports that whales accumulated around 1.54 billion XRP worth $2.2 billion within 96 hours, while inflows to Binance reached about 1.6 billion XRP over 30 days, the highest since March 2026, alongside a rise in futures open interest and derivatives volume to over $5 billion daily TokenPost investing report.

This scale of buying is material relative to daily volumes and appears to have supported price during a broader market rebound, even though some of this flow may be positioning for trading rather than long term holding.

2. Why Demand Looks Stronger

XRPL activity has picked up, with XRP Ledger processing over 2.3 million transactions in 24 hours, up about 8.9 percent versus the prior day, as price reclaimed around $1.43 in mid September U.Today Ledger summary.

A separate analysis from 21Shares argues that growing XRPL use for payments, stablecoins, DeFi and tokenized assets can support XRP demand via fees, account reserves and bridge liquidity. They highlight about $4 billion in tokenized assets and roughly $1.6 billion in RLUSD stablecoins, with XRPL averaging 1.7 million transactions and $1.3 billion in on-chain value daily, and over 14 million XRP burned as base fees since launch 21Shares thesis.

TradingView data also shows XRP exchange reserves near 1.7 billion XRP, a seven-year low, suggesting fewer coins available on exchanges even as derivatives open interest and whale deposits rise TradingView market note. However, Yahoo Finance notes that XRP ETF inflows have stalled around $1.71 billion and have slowed for several weeks Yahoo ETF flow analysis.

Confidence: moderate, because multiple independent sources align on whale volumes and XRPL activity, but inflows to exchanges can signal either accumulation or preparation to sell.

3. Key Levels And Signals To Watch

Analysts highlight short term support around $1.31-1.35 and resistance clusters near $1.45-1.50, with some viewing a break and daily close above about $1.55 as confirming a larger bullish pattern toward higher targets U.Today pattern roadmap.

Beyond price levels, useful signals include whale transfer trends, XRPL transaction counts and RLUSD usage, plus whether exchange reserves continue to fall or start rebuilding. On the derivatives side, rising open interest and high futures volumes can amplify moves in both directions if positioning becomes crowded.

Conclusion

Whale accumulation of about $2.2 billion in XRP, combined with rising XRPL activity and shrinking exchange reserves, suggests demand has strengthened in the short term. At the same time, slower ETF inflows and elevated derivatives positioning mean the path is likely to remain volatile. Watching whether structural demand (network usage and stablecoin flows) stays firm as price tests the $1.45-1.55 region can help distinguish a sustained trend from a one-off positioning spike.