XRP Sees Quiet Accumulation as Whale Activity Surges
XRP is witnessing a quiet surge in large wallet activity, hinting at potential price movement. Over 300,000 addresses now hold 10,000 or more XRP, as noted by crypto analyst Kyledoops. This spike suggests growing confidence among big players.
“It looks like strategic accumulation is back,” Kyledoops tweeted. This increase in whale wallets could signal a major shift in the XRP market.However, the price remains stable within a trading range.
Max Avery, another analyst, believes the sideways price action reflects “price controls” due to steady institutional buying. This calculated approach, using methods like time-weighted average price (TWAP) and volume-weighted average price (VWAP), may prepare for a spot XRP exchange-traded fund (ETF).Avery explains that this controlled buying aims to minimize price impact, indicating a gradual buildup rather than sudden spikes.
Despite the ETF hype,Avery notes the impact might potentially be slow. XRP’s performance in Q1 outpaced Bitcoin and Ethereum,rallying nearly 50% in early February. The XRP/BTC ratio climbed 10%.
With a leveraged XRP ETF launch in April and spot ETF filings pending, the market watches closely. Ripple settled its SEC lawsuit with a $50 million payment, but the market reaction was muted.
Technically, XRP defends key support around $2.05, above the 200-day moving average. A break above the 10-day and 20-day EMAs could push prices toward $2.30–$2.40. Though, bearish indicators suggest sellers are still active. If XRP drops below $2.05, it risks falling further. For now, the focus is on whether whales are early to a move that needs chart confirmation.
