XRP On-Chain Activity Indicates Whales Are Stealthily Accumulating
XRP Active Addresses: XRP's daily active addresses have stabilized between 20,000 and 28,000, indicating a cooling of retail activity while suggesting that major holders are accumulating quietly during this market consolidation phase.
Whale Movements: Significant whale transactions involving tens of millions of XRP have been observed, with large transfers to exchanges and cold wallets indicating strategic positioning by major investors ahead of potential market shifts.
Exchange Flow Dynamics: Recent drawdowns in Coinbase-linked balances and inflows to Binance wallets highlight a reshuffling of supply, where some whales are moving assets into private custody while others prepare for tactical trading.
Technical Analysis and Future Outlook: XRP is trading around $2.50–$2.70, with key resistance at $3.37 and support at $2.33. The anticipated approval of U.S. spot XRP ETFs could catalyze a significant price movement, leveraging the current whale accumulation.
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