8.25M XRP Exit Long-Term Holders As Whales Buy $1.20–$3

Long-term XRP investors who held their assets for more than 155 days recently pulled 8.25 million tokens out of their accounts. This move represents a 3.47% dip in “Hodler” positions, dropping the total from 238 million to close to 230 million tokens.

While these veteran owners are taking some money off the table, the broader market is seeing a massive influx of capital from a different class of participant.

Big Investors Set A Much Higher Floor

Data shows that the largest holders, often called whales, are now aggressively buying XRP at prices between $1.20 and $3. Previously, these same high-net-worth players were focusing their accumulation in a much lower bracket, specifically between $0.30 and $1.30.

This change in behavior suggests that the biggest players in the space are no longer waiting for deep discounts to build their stashes. Instead, they are signaling a high level of comfort with the current valuation of the asset.

The market cap for the token currently sits at close to $82 billion. Daily trading volume has hit $1.45 billion, maintaining a market dominance of 3.50%. Despite a tiny dip of 0.62% in the last 24 hours, the overall trajectory is defined by this shift in who is buying and at what price.

Analysts are watching these on-chain metrics closely to see if the whale activity can offset the selling pressure coming from the older accounts that are currently cashing out.

Rising Interest In The Derivatives Market

New long positions are flooding into the derivatives sector. Open interest jumped from $737.72 million up to $759.21 million, marking a nearly 3% increase in active contracts. Reports indicate that the funding rate also improved, moving from -0.011% to -0.003%. This movement reflects a growing crowd of traders who are betting that the price will continue to climb.

However, there is a catch to this excitement. Technical indicators like the RSI show a hidden divergence. If a price correction starts, the spot market might not provide enough immediate support to stop a slide. The current price of $1.33 remains the focal point for both short-term speculators and the whales who are expanding their territory.

Expectations for future price action remain tied to these large-scale movements. Records show that these major buyers are not dumping their tokens onto smaller retail investors. They are holding onto what they buy, which creates a supply crunch that could lead to more volatility. Market participants are now focused on whether the overall crypto environment will remain favorable enough to sustain this high-level accumulation.

Featured image from Unsplash ,Chart from TradingView