Key Insights
- XRP whales accumulate 320 million tokens in 72 hours, signaling potential for future movement.
- Despite buying activity, XRP lags behind Bitcoin and Ethereum in the ongoing market rally.
- Dogecoin and ADA saw price jumps after whale buys; XRP could follow a similar trend soon.
On-chain data shows that whales holding between 100 million and 1 billion XRP have accumulated over 320 million XRP in the past 72 hours. This surge in accumulation was reported by analyst Ali , who noted that these large purchases represent a combined value of approximately $1 billion at current prices.
The spike in whale activity began around August 11, with data indicating a steady increase in large wallet balances. Historically, such patterns have occurred during or just before broader market moves, often leading to higher price volatility. While XRP has not yet mirrored the strength seen in Bitcoin or Ethereum, the accumulation signals renewed interest from high-capital players.
XRP Price Movement Lags Behind Market Leaders
Despite the recent whale activity, XRP’s performance remains relatively flat compared to other leading altcoins. XRP is currently priced at $3.24, marking a 1% decline over the last 24 hours. However, it is still up 8% over the past seven days, indicating positive weekly momentum.
The token’s recent all-time high was above $3.60, but after reaching that level, XRP pulled back below $2.80 as whales reportedly began taking profits. This previous cycle mirrors current market behavior, where large holders tend to accumulate ahead of rallies and reduce exposure at peaks. While short-term movement remains uncertain, price consolidation in the face of accumulation is often viewed as a setup for future volatility.
Broader Whale Activity Across Other Altcoins
Whale accumulation is not unique to XRP. Earlier this month, Dogecoin whales reportedly acquired over 2 billion DOGE in one day, which was followed by a 25% price increase from $0.20 to $0.25. Similarly, Cardano whales purchased 200 million ADA as the price hovered below $0.80. Since then, ADA has climbed above $1 to a multi-month high.
This pattern across major altcoins suggests coordinated buying from larger market participants. XRP, however, has not yet posted similar gains despite the $1 billion in recent whale activity. Market observers continue to monitor if this accumulation will trigger a delayed price breakout.
Market Context Amid Bitcoin’s ATH Rally
The recent Bitcoin breakout above $122,000 has pushed overall market sentiment higher, triggering renewed activity in multiple crypto assets. Bitcoin’s new all-time high has set the tone for broader market participation, and altcoins such as Ethereum have followed closely behind.
Suggesting that a move from XRP may still be forming, Ali noted, “XRP has been trailing behind the most recent broader crypto market rally,”
With over $9.3 billion in 24-hour trading volume, XRP remains actively traded, and the recent whale behavior may indicate positioning ahead of potential volatility.
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Source: https://coincu.com/analysis/320m-xrp-bought-by-whales-massive-move/