Recent on-chain data shows that XRP whales have gone on a buying spree, acquiring 71 million coins over the past week, even as the asset’s price has fallen.
XRP Whales Have Increased Their Holdings Recently
In a new post on X, analyst Ali Martinez discussed the latest trend in the supply held by whales on the XRP network. “Whales” are entities that hold a significant amount of an asset in their wallets. Related Reading: Bitcoin $78,000 Rebound Fizzles As Coinbase Premium Stays Red
Because these investors hold large amounts, they can influence the market, so their actions are often worth watching. While their moves don’t always directly affect the asset, they can reveal the sentiment among big players. There are several ways to track whale behavior, and one is by looking at their holdings.
The chart Martinez shared shows the trend in supply held by large XRP holders. As the graph indicates, XRP whales have recently increased their holdings. Specifically, these major investors added over 71 million tokens (worth about $97.8 million at current prices) to their supply in the past week.
Interestingly, this buying spree happened while XRP’s price dropped by more than 8% over the same period. Given the timing, it seems these big-money investors may see the dip as a good opportunity to buy more XRP. However, it remains to be seen whether this bet will pay off.
In other news, XRP might be heading for a volatile move, as the analyst pointed out in another X post. Martinez highlighted the Bollinger Bands, a tool used to measure an asset’s volatility. Related Reading: Bitcoin ETF Inflows Are Underperforming In 2026, Data Shows
The Bollinger Bands consist of three lines: a 20-day moving average (MA) in the middle, and two lines above and below it, set at certain standard deviations. The chart shows that the Bollinger Bands have tightened around XRP’s 3-day price recently, suggesting the cryptocurrency has been stuck in a narrow range.
According to the analyst, this squeeze is the tightest in over a year. “When volatility compresses this tightly, it’s a signal that a violent price expansion is approaching,” Martinez noted.
XRP Price
XRP briefly broke above $0.54 a week ago, but the coin has since seen a notable decline, with its price now back to $1.37.
Featured image from Dall-E, chart from TradingView.com
Frequently Asked Questions
Here is a list of FAQs about the XRP price drop and whale activity written in a natural tone with clear concise answers
BeginnerLevel Questions
Q I heard XRP dropped 8 What happened
A The price of XRP fell by 8 in a single day This is a normal though sharp price movement in the crypto market often driven by overall market trends or news
Q What is a whale in crypto
A A whale is a person or organization that holds a very large amount of a cryptocurrencyenough to potentially move the market by buying or selling
Q Why would whales buy 71 million tokens when the price is dropping
A They likely see the price drop as a sale or a discount They buy large amounts hoping the price will go back up later so they can sell for a profit
Q Does whale buying mean the price will go up now
A Not necessarily While its a positive sign that big investors are confident the price could still go down further in the short term Its one factor not a guarantee
IntermediateLevel Questions
Q How do we know whales bought 71 million XRP
A Blockchain data is public Analysts use tools like Whale Alert or onchain analytics platforms to track large transactions between wallets or to exchanges
Q Is it a good idea to copy what the whales are doing and buy XRP now
A Not automatically Whales have different risk tolerance and time horizons Their buying might be part of a larger strategy that doesnt suit a smaller investor
Q Whats the difference between a whale buying on an exchange vs moving tokens to a private wallet
A Buying on an exchange often signals intent to trade or sell later Moving tokens to a private wallet usually means the whale is HODLing which is more bullish
Q Could this whale buying be a manipulation tactic