Whales Shrug Off FUD After Scooping 60M XRP as $2.65 Becomes Key Support
Are XRP Whales Buying the Dip?
Despite XRP slipping below the critical $3 threshold, on-chain data reveals that whales remain unfazed by FUD.
Instead of retreating, large holders have taken the opportunity to accumulate, scooping up 60 million XRP as revealed by renowned market analyst Ali Martinez.
Market analysts believe this whale activity demonstrates long-term confidence in XRP’s fundamentals, particularly amid broader uncertainty surrounding Ripple's ongoing legal and regulatory developments.
According to Santiment, the number of addresses holding between 10 million and 100 million XRP has surged over the past week, indicating heightened interest from institutional and high-net-worth investors.
This trend coincides with a notable increase in on-chain transaction volume, suggesting these large holders are not just buying, but moving XRP into long-term storage or strategic positions across exchanges.
The current market sentiment, while cautious, is not overly bearish. XRP has dropped by around 18.7% over the past two weeks, mirroring a broader cooldown across altcoins.
Adding to the intrigue, Ripple CTO David Schwartz recently reiterated that the XRP Ledger (XRPL) continues to serve as the backbone for Ripple's global liquidity products, despite the growing spotlight on RLUSD. His comments have helped steady investor nerves, highlighting XRP's continued relevance in the ecosystem.
$2.65 Emerges as the Next Critical XRP Support Zone
According to market analyst DegenGeneral, key support at $3.00–$3.07 (20-day EMA) is critical, breaking below it could trigger a deeper correction to $2.83 or even $2.65.
Having dropped below $3, XRP's next critical support zones lie at $2.83 with the extreme one being $2.65.
At the time of this writing, XRP was down by 6.5% in the past 24 hours to trade at $2.95, according to CoinGecko data.
This drop emerged after more than $107M was wiped out, with a staggering $106.66M lost to long liquidations alone.
Notably, $2.65 is structurally significant because it aligns with mid‑range support in the multi-month consolidation zone and coincides with the 50‑day exponential moving average that has repeatedly bounced XRP earlier this year.
Additionally, chart patterns, such as falling wedges and bull flags, currently project a retest of $2.65 in the event of short-term weakness.
If XRP revisits this level and holds, DegenGeneral expects institutional and whale accumulation to intensify, validating the level as a strategic entry opportunity.
Conclusion
While retail investors may be rattled by XRP’s dip below $3, whale behavior tells a different story, entailing conviction and strategic accumulation.
Meanwhile, If XRP revisits the $2.65 level and holds, it validates the broader bullish thesis and may attract deep-pocket accumulation.
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Whales Shrug Off FUD After Scooping 60M XRP as $2.65 Becomes Key Support
Are XRP Whales Buying the Dip?
Despite XRP slipping below the critical $3 threshold, on-chain data reveals that whales remain unfazed by FUD.
Instead of retreating, large holders have taken the opportunity to accumulate, scooping up 60 million XRP as revealed by renowned market analyst Ali Martinez.
Market analysts believe this whale activity demonstrates long-term confidence in XRP’s fundamentals, particularly amid broader uncertainty surrounding Ripple's ongoing legal and regulatory developments.
According to Santiment, the number of addresses holding between 10 million and 100 million XRP has surged over the past week, indicating heightened interest from institutional and high-net-worth investors.
This trend coincides with a notable increase in on-chain transaction volume, suggesting these large holders are not just buying, but moving XRP into long-term storage or strategic positions across exchanges.
The current market sentiment, while cautious, is not overly bearish. XRP has dropped by around 18.7% over the past two weeks, mirroring a broader cooldown across altcoins.
Adding to the intrigue, Ripple CTO David Schwartz recently reiterated that the XRP Ledger (XRPL) continues to serve as the backbone for Ripple's global liquidity products, despite the growing spotlight on RLUSD. His comments have helped steady investor nerves, highlighting XRP's continued relevance in the ecosystem.
$2.65 Emerges as the Next Critical XRP Support Zone
According to market analyst DegenGeneral, key support at $3.00–$3.07 (20-day EMA) is critical, breaking below it could trigger a deeper correction to $2.83 or even $2.65.
Having dropped below $3, XRP's next critical support zones lie at $2.83 with the extreme one being $2.65.
At the time of this writing, XRP was down by 6.5% in the past 24 hours to trade at $2.95, according to CoinGecko data.
This drop emerged after more than $107M was wiped out, with a staggering $106.66M lost to long liquidations alone.
Notably, $2.65 is structurally significant because it aligns with mid‑range support in the multi-month consolidation zone and coincides with the 50‑day exponential moving average that has repeatedly bounced XRP earlier this year.
Additionally, chart patterns, such as falling wedges and bull flags, currently project a retest of $2.65 in the event of short-term weakness.
If XRP revisits this level and holds, DegenGeneral expects institutional and whale accumulation to intensify, validating the level as a strategic entry opportunity.
Conclusion
While retail investors may be rattled by XRP’s dip below $3, whale behavior tells a different story, entailing conviction and strategic accumulation.
Meanwhile, If XRP revisits the $2.65 level and holds, it validates the broader bullish thesis and may attract deep-pocket accumulation.
Read More
XRP Futures Break Records with Market Optimism Surging