XRP saw a rapid increase in major holder activity in the last week, with data revealing that large investors acquired approximately 1.54 billion XRP—valued at around $2.2 billion—within just
XRP saw a rapid increase in major holder activity in the last week, with data revealing that large investors acquired approximately 1.54 billion XRP—valued at around $2.2 billion—within just 96 hours.
During this latest rally, Santiment recorded 1,917 XRP transactions of at least $100,000 each, marking the highest number of whale-sized movements in about a month. While such high-value transfers alone do not always signify direct purchases—since they can also reflect internal transfers or sales—they have drawn attention to intensified large-holder positioning in the current market environment.
The accumulation by key stakeholders appears to have supported XRP’s price action. After rebounding from around $1.28, XRP climbed and now trades in the $1.60 to $1.62 range.
Technically, XRP has broken decisively above the declining resistance line that has influenced the chart since the late August peak. In addition, the cryptocurrency trades above all major moving averages, highlighting the significance of the recent breakout. The shorter-term moving average has risen to $1.40, while the 200-day average stands at $1.36, leaving the current price notably above previous consolidation levels.
Beyond whale activity, the network has expanded. During the rally, the XRP Ledger saw the creation of 3,647 new wallets. Net inflows into the XRP ETF reached $1.73 billion as of September 22, underlining the increased institutional engagement with XRP.
For the immediate outlook, the $1.65 to $1.70 area remains a key resistance zone, as demonstrated by several upside rejections at this level. If the price breaks above $1.70, the significant high from August would be surpassed, potentially clearing the way for further gains.
XRP’s current positioning above both the short-term average of $1.40 and the 200-day average at $1.36 creates a notable technical gap with prior consolidation areas, indicating lasting momentum if these levels hold.
On the downside, $1.50 serves as the first support. More substantial support is found between $1.40 and $1.45, which marks the broader breakout zone. While some investors view whale accumulation as a sign of heightened demand and reduced liquid supply, ongoing price appreciation is not guaranteed by this factor alone.
For a robust continuation of the current trend, sustained large-holder activity alongside a successful hold of the breakout levels will be key signals to monitor.
In a related trend, technical traders tracking momentum also keep an eye on the meme token space, where rapid shifts can turn small investments into substantial returns within days. Fomo App reported a trade involving “Niu Lai,” which transformed an initial $99 into approximately $370,000, illustrating the potential for explosive gains. Market observers emphasize not just price trends but also the importance of studying investor activity, trade timing, and token selection. Fomo App offers a platform that combines token discovery, real-time trading, investor rankings, and social feeds, making it easier to follow both new meme tokens and investor movements within this evolving market sector.
The post XRP whales accumulate $2.2 billion in 96 hours as price surges above key resistance appeared first on COINTURK NEWS.
