XRP Price Jumps as Whales Accumulate 340M Coins Amid Market Uncertainty

The XRP price has jumped 1.9% in the last 24 hours, to trade at $2.80, on a 20% decrease in the daily trading volume, to $3.1 billion.

In the past two weeks, XRP whales have been actively buying during a broader period of price dips and market hesitance. On-chain analysis revealed that wallets holding between 10 and 100 million XRP coins added roughly 340 million tokens to their holdings. 

When large holders bought over 340 million XRP, many smaller traders were selling and unsure about the market’s direction. Such major buying activity often shows that deep-pocketed investors have grown more confident, sometimes reacting to signals or industry factors before others notice.

Recent legal developments have lifted spirits, and there is growing talk about a possible spot XRP ETF. Big firms have been updating their applications in hopes of launching direct XRP products, as the call for regulated crypto options keeps rising.

XRP Price Network Health and Whale Impact

Data from the XRP ledger shows that big investors are not only holding their coins but have been actively adding more as prices reach important levels. Wallets holding more than 100,000 XRP remain busy, and fewer coins are heading to exchanges for selling, which typically hints at a longer-term outlook.

Other numbers back up the positive tone. Wallet growth remains steady, exchange reserves are flat, and overall transaction volume is high. These trends all point to strong interest from those holding large amounts, while reports suggest several well-known businesses have increased their XRP amounts in recent weeks.

XRP Ledger Exchange Balance Source: CryptoQuant

At the same time, there are warning signs. The pace of new wallets opening has slowed, and retail buyers are less active than before. Should these larger holders decide to sell, the lack of new buyers could lead to sharper falls in the price.

XRP Price Key Levels and Signals

XRP’s technical picture offers a blend of opportunity and caution. The coin price recently slipped below $3, trading at around $2.79 as of the latest weekly close. On the weekly timeframe, chart data shows a consolidation pattern with resistance around $3.66 and support near $2.76. 

The price has been challenging the $3 level repeatedly but has not broken through, underlining this zone as both a psychological and technical barrier.

The support at $2.76 is critical. If the price falls and holds above this line, it could launch another attempt at $3.20, with the next major resistance at $3.66. On the downside, losing $2.76 could lead to a retest of the $2.40–$2.60 area, which aligns with the 200-week simple moving average.

XRPUSDT Analysis Source: Tradingview

Momentum indicators show mixed signals. The Relative Strength Index (RSI) is near 57, with no clear overbought or oversold conditions, suggesting the coin price has space to move in either direction. The MACD hovers near zero, signaling a weak but steady trend direction. Volume remains healthy, especially on whale-driven accumulation days.

The whale accumulation is lending XRP stability above support even as retail flows slow. As the coin price hovers just below $3, traders must watch for a decisive breakout above resistance or a drop below key support to spot the next major move. 

For now, institutional confidence and strong whale activity give XRP a bullish undertone despite broader market uncertainty.