- Whale wallets boosted XRP holdings by 1B in 48 hours, driving renewed investor interest and market activity.
- XRP price trends closely align with whale moves, highlighting their strategic role in the accumulation and distribution phases.
- Despite peak whale holdings of 10.3B XRP, slight price dips signal profit-taking or resistance at key levels in January 2025.
With wallets holding 100 million to 1 billion XRP making aggressive purchases, whale activity in the XRP market has increased. These wallets have amassed about 1 billion XRP in the past 48 hours, indicating that big investors are once again interested. This trend follows a month of fluctuating prices and strategic activity by whales.
Whale Activity Dictates Price Trends
From December 10 to 15, 2024, XRP’s price showed volatility with frequent ups and downs. Despite the turbulence, whale holdings remained relatively stable. However, between December 16 and 20, XRP experienced a sharp price drop, coinciding with a noticeable reduction in whale holdings. This suggests whales sold during the downturn, exerting pressure on the price.
The price and whale holdings hit their lowest levels around December 21. Shortly after, a gradual recovery began as whales started accumulating again. Between December 22 and 26, the market stabilized. Both price and whale holdings showed minimal changes, highlighting a temporary equilibrium.
Renewed Interest in January Drives Momentum
As December ended, cautious sentiment prevailed, with XRP prices dipping slightly from December 27 to 31. Whale holdings also declined modestly, reflecting hesitation among major investors. However, January brought a resurgence.
On January 3, whale holdings spiked sharply, driving XRP prices upward. This demonstrated strong buying interest from large holders. From January 4 to 9, whale wallets held consistently high levels, maintaining momentum despite moderate price fluctuations. By January 10, whale holdings peaked at 10.3 billion XRP.
XRP’s price showed a slight decline on January 10 despite elevated whale activity. This could indicate profit-taking or resistance at key price levels. This analysis highlights the interplay between XRP prices and whale activity, Inflection points in the market align with changes in large wallets. The month-long data reveals a pattern of strategic accumulation and distribution.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
