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This buying binge happened even as XRP traded near key support around $2.75–$2.80. Analysts note that such heavy accumulation by big players often precedes price rebounds, especially when accompanied by positive market catalysts.
Whale Accumulation Signals Bullishness
On-chain analytics confirm the massive inflow to XRP wallets. Santiment data show that wallets holding 10–100 million XRP purchased approximately 340 million XRP over a two-week period ending late August.
Crypto analyst Ali highlighted this trend, tweeting, “Whales have bought 340 million $XRP in the last two weeks!”
These large addresses now control roughly 7.84 billion XRP in total. As whales buy into weakness, retail selling pressure may be absorbed.
 
In fact, whale transfers to exchanges have sharply declined – data show Binance inflows of 100k–1M XRP fell 95% in late August – indicating holders are reluctant to sell.
When combined with retail markers (like a taker buy/sell ratio dropping below 1), these on-chain signals are consistent with a market bottom forming. In short, long-term XRP holders seem confident at these levels, suggesting a bullish outlook.
XRP Institutional Demand and Regulatory Catalysts
Whale buying coincides with growing institutional interest. Tokyo-listed gaming company Gumi announced plans to buy about $17 million of XRP for its corporate treasury.
Hyperscale Data (NYSE: GPUS) also said it will sell shares to fund purchases of Bitcoin and XRP. Meanwhile, derivative markets show strength: CME Group reported its XRP futures open interest just crossed $1 billion in just over three months. Such figures are a record pace, underscoring robust institutional positioning.
Regulatory trends are also favorable. A U.S. appeals court recently approved dismissing the SEC’s appeal in the Ripple case, effectively ending the long-running legal battle.
With that overhang lifted, asset managers have dusted off plans for spot XRP ETFs. For example, Grayscale, Bitwise, CoinShares, and others updated filings for proposed XRP exchange-traded funds.
Approval of these ETFs would likely channel huge crypto flows into XRP (similar to recent Bitcoin and Ethereum ETF movements). In sum, large players are clearly preparing for a bullish outcome: whales are accumulating on-chain, and institutions are piling on through corporate buys, futures, and ETF anticipation.
XRP Price Analysis
On price charts, XRP is at a crucial juncture. Analysts point to roughly $2.76–$2.80 as a critical support zone. If buyers can defend this floor, XRP could attempt to re-test $3.20 (the next mid-range resistance) and eventually challenge the $3.60 level, where selling pressure capped rallies in August.
Conversely, a decisive break below the $2.72–$2.76 band could see XRP slip toward the $2.57 area.
Current indicators lean bullish. The Relative Strength Index (RSI) on daily charts is diverging positively: while XRP’s price made a lower low between Aug. 19 and 29, the RSI formed a higher low.
This “bullish divergence” suggests downside momentum is fading. In addition, the taker buy/sell ratio – a measure of aggressive trading – recently dipped below 1 (more selling than buying).
Historically, each time this ratio briefly fell below 1 in August, it coincided with a short-term bottom and subsequent rally. Now, with whales holding back from selling and retail sellers exhausted, these technical readings hint that a rebound may be forming.