In recent trading sessions, large holders of XRP substantially increased their positions, accumulating over 30 million tokens—roughly $74 million—within a 24-hour window, a move that coincided with price consolidation around $2.48–$2.49 and resistance near $3. Market data shows wallets holding between 100,000 and 10 million XRP intensified accumulation despite subdued prices, suggesting strategic positioning by both sizable retail and professional investors, while wallets above 10 million exhibited activity consistent with institutional-scale allocation. Historical patterns indicate that concentrated accumulations of this scale have often preceded momentum swings, creating potential breakout zones when supply tightens and demand resumes. Observers note that a rapid increase in whale activity can compress available liquidity on exchanges and elevate the probability of pronounced price moves.
Confidence among large holders appears linked to a reduction in legal uncertainty after Ripple secured partial victories against the SEC, a development that lowered the perceived regulatory risk of XRP being classified as a security, and that helped justify larger allocations by institutions and treasury operations. Concurrently, Ripple’s expansion of payment corridors in Asia and the Middle East has enhanced on-chain utility, drawing capital seeking exposure to transactional demand, and several institutional actors are reportedly positioning ahead of prospective XRP ETF approvals, which would broaden access to regulated investment vehicles. Some whales have also rotated portions of capital into emerging Ethereum-based tokens, reflecting portfolio diversification strategies amid sectoral shifts. Recent on-chain analytics also show that mid-sized whale holdings have been steadily rising, a pattern noted by market observers as growing confidence.
On the institutional front, plans by Ripple-backed Evernorth Holdings for a $1 billion SPAC to acquire roughly 435 million XRP underscore a trend toward treasury accumulation, with participation from SBI Holdings, Pantera, Kraken, GSR, and Ripple’s co-founder, actions that could materially influence market liquidity depending on deployment cadence. Evernorth’s plan could represent nearly 0.75% of circulating supply and equal nearly 20% of daily market liquidity if executed over 90 days. Technical indicators remain mixed, with XRP trading below the 50-day moving average yet above the 200-day, an RSI near 42, and exchange reserves declining, all factors that support a cautious view of a potential breakout in a $2.70–$3 range while acknowledging that resistance around $3.10–$3.30 must be cleared for sustained rallies, and that regulatory, liquidity, or execution risks could alter outcomes.
