- XRP whales are staying neutral, neither accumulating nor off-loading substantial amounts, suggesting a wait-and-see attitude amid market uncertainty
- This period of low activity aligns with XRP’s recent price stagnation, but historically, such whale inactivity has preceded major market moves
- Reports indicate that Ripple is initiating a $1 billion treasury program dedicated to purchasing XRP
Ali Martinez, a well known crypto analyst, shared a chart on X highlighting an important development in the XRP market – large holders (wallets holding between 100,000 and 10 million XRP) have shown very little movement over the past two weeks.
In other words, XRP whales are staying neutral, neither accumulating nor off-loading substantial amounts, suggesting a wait-and-see attitude amid market uncertainty.
Related: Ripple Brings Institutional Crypto Custody To South Africa With Absa
This period of low activity aligns with XRP’s recent price stagnation, but historically, such whale inactivity has preceded major market moves. These can manifest as a return to accumulation before an upward trend or distribution preceding a downturn, which makes this a key metric for traders monitoring on-chain data for signals.
Some market analysts warn that XRP is approaching a make-or-break point, with a key support level holding around $2.34. A decisive drop below this point could trigger a decline toward $1.55, but if institutional adoption and any ETF-related news gain traction, the asset still has a potential upside target of above $3.
Why positive news isn’t moving whales
Reports indicate that Ripple is initiating a $1 billion treasury program dedicated to purchasing XRP, a strategy designed for institutional engagement. The goal of this strategy is to make the currency’s market more fluid and prepare it for use in large, institutional-level transactions.
Related: XRP’s Key Levels Emerge Amid “Grinding Battle” Between Bulls and Bears
Additionally, Ripple has acquired treasury management firm GTreasury (reported cost around $1 billion). This move into corporate finance infrastructure could substantially improve XRP’s practical application by positioning it as a bridging asset for large-scale treasury functions.
Despite this news, the recent quiet from large-scale investors might mean they’re being cautious due to the broader economic climate, especially considering the crypto market has seen major liquidations this month (over $19 million).
The fact that whales have been inactive for weeks could be interpreted in two ways. Either they already accumulated ahead of Ripple’s treasury build-out and are now holding steady, or they are hoarding (potentially in a coordinated way) while waiting for big announcements.
Also, Bitcoin’s market dominance is currently above 55% (according to CoinMarketCap), which often means that altcoins such as XRP typically enter a period of lower price fluctuation until a new market catalyst appears.
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Source: https://coinedition.com/xrp-whales-ignore-buying-opportunities-with-zero-major-movement-in-14-days/
