- Whale wallets accumulated 250 million XRP in just two days, boosting market confidence.
- XRP traded up 5.1% in 24 hours, testing the $3 level with strong liquidity.
- Market structure shows higher lows forming, supported by rising volume and whale activity.
Whales have purchased 250 million XRP in just two days, creating renewed confidence in the market as the asset approached the $3 level. Trading activity has shown strength, with buyers steadily supporting higher price action and volume increasing.
Whales Drive XRP Accumulation
Whale wallets holding between 10 million and 1 billion XRP accumulated approximately 250 million tokens in 48 hours, according to Ali (@ali_charts). This sharp inflow reflects calculated positioning by large holders who continue to influence XRP’s short-term market behavior.
The chart shows two layers: price movement in black and whale holdings in grey. At the start, whale balances expanded step-like, indicating consistent inflows into large wallets. This early phase coincided with a quick price surge, reinforcing how the market often reacts almost immediately to whale activity.
After the initial wave, accumulation briefly paused. Whale balances flattened, while price action turned more volatile with swings up and down. This divergence highlighted XRP’s reliance on whale buying, as retail flows alone could not maintain sustained momentum.
Price Structure Around the $3 Threshold
At the time of writing, XRP traded at $2.98, up 5.1% in the past 24 hours. The 24-hour range between $2.84 and $2.99 shows the asset pressing against key resistance, with the $3 mark acting as a psychological barrier.
Source: coingecko
Intraday performance revealed a sharp rally toward $2.90+, followed by mild pullbacks. However, higher lows formed throughout the session, signaling that buyers consistently entered dips and absorbed sell orders. This pattern reflects strong market participation and positioning for further gains.
Volume supported this behavior, with more than $6.43 billion in trades recorded. Rising volume matched upward moves, showing conviction behind accumulation. This volume-price alignment is generally regarded as a marker of healthy growth within liquid markets.
Market Context and Long-Term Outlook
The asset’s market capitalization is $178.4 billion, with a fully diluted valuation of nearly $298 billion. A circulating supply of 59.8 billion tokens against a capped maximum of 100 billion creates a stable framework for long-term positioning.
The price action has assumed the form of a stair-step pattern with shallow dips, rapid rebounds and a bias towards the upper trading range. This is an indication of a market that is in the process of moving out of consolidation into expansion, which is reinforced by constant inflows by the large buyers.
Above price of $2.90, it can break out at $3. A close beyond this level could encourage additional participants to enter. Conversely, slipping under $2.90 could return the asset to $2.84 support. Whale activity, volume, and market positioning together continue to support the upward path.
