As retail flinches, whales bet nearly $1 billion on XRP.
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Key Takeaways
Whales just dropped $980 million into XRP, buying 310 million coins during the dip.
Exchange outflows and bullish indicators confirm shrinking XRP sell-side liquidity.
If these trends persist, XRP might retest its all-time high and rally toward $5.62
XRP price may be down 17% from its all-time high. But the whales aren’t sweating it.
In fact, they’re doubling down. Since July 27, large wallets have returned to the XRP ledger with aggressive buy-side activity, signaling renewed conviction.
This accumulation suggests that a rebound might not be far off. If the pace holds, XRP whales could be key to sending the price to a fresh all-time high sooner than expected.
XRP Big Money Buys the Dip
On Sunday, July 27, wallets holding over 1 billion XRP collectively held 23.55 billion coins. As of this writing, that number has jumped to 23.86 billion.
This indicates that XRP whales have added 310 million coins to their stash amid the price dip. At XRP’s current price, this accumulation is worth $980 million.
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When deep-pocketed players throw nearly a billion dollars into a dip, it reflects strong institutional confidence and sends a clear message: they’re betting on a bounce.
More importantly, this kind of accumulation has a supply-side impact. With 310 million XRP removed from the open market, sell-side liquidity tightens, reducing available tokens for retail and smaller players.
When met with even modest demand, that supply squeeze can accelerate price moves to the upside. Therefore, as time goes on, the XRP price is likely to retest its all-time high.
Apart from the XRP whales’ accumulation, CryptoQuant data shows that XRP’s exchange outflows jumped from 1.69 million yesterday to 10.21 million today.
This surge in outflows signals that holders are pulling XRP off trading platforms, typically a bullish on-chain signal.
When coins leave centralized exchanges in large volumes, holders move assets to cold storage or DeFi protocols, a behavior associated with longer-term conviction.
Combined with the $980 million in whale accumulation, this outflow means fewer coins are available to sell. Thus, if demand kicks in — even gradually — XRP’s price could spike toward higher levels.
CCN’s chart analysis shows that the coin is still trading comfortably above key Exponential Moving Averages (EMAs).
The 20 EMA (blue) has crossed above the 50 EMA (yellow) — triggering a golden cross. If this alignment holds and whales keep their bags sealed, XRP could break above the $3.66 resistance.
From there, momentum could accelerate toward the $4 mark, a critical psychological zone
Should macro tailwinds or ETF-related catalysts kick in, the rally could stretch to $5.62, especially if the broader market goes full risk-on.
That bullish thesis shatters if XRP slips below the 20 and 50 EMAs. In that case, the altcoin could enter correction territory, possibly retesting $2.45.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
