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340,000,000 XRP in Two Weeks as Price Prepares for Breakout

6h ago
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  • XRP trades around $2.80, stuck between $2.72 support and $3.20–$3.40 resistance, with a breakout likely ahead.
  • Large holders added 340M XRP in two weeks, signaling confidence and potential positioning for upside.
  • Derivatives interest is cooling while spot demand stays firm, suggesting groundwork for a sustainable move when volatility returns.

XRP continues to hover near $2.80 after several weeks of sideways trading, consolidating within a tight price range that traders say could soon resolve in a breakout. Key technical levels have been established at $2.71–$2.80 on the downside and $3.20–$3.40 on the upside, creating a corridor of uncertainty for short-term investors.


Consolidation phases like this are not uncommon for XRP. Historically, the token has spent prolonged periods building structure before sudden moves, either sharp rallies or steep corrections, depending on whether support or resistance breaks first.


Whale Wallets Add 340 Million XRP

The standout factor fueling speculation about an impending breakout is renewed whale accumulation. According to recent data shared by Ali Martinez on X, large wallet holders have added 340 million XRP over the past two weeks, lifting total whale-controlled holdings to nearly 7.84 billion XRP.



Whale activity has long been viewed as a market signal in crypto trading. Large holders can both provide liquidity and absorb selling pressure during consolidation phases. More importantly, their buying activity often aligns with key inflection points in price cycles.


The latest accumulation suggests that whales are positioning for a potential upside move, even as retail sentiment remains cautious.


Also Read: “The 1,700 Secrets Ripple Don’t Want You To Know Yet”: Pundit


Derivatives Cool Off While Spot Demand Remains Firm

Another important development is the divergence between derivatives and spot markets. Open interest in XRP futures has declined from a recent $3.5 billion peak, signaling reduced speculative positioning.


At the same time, spot demand has remained steady, which analysts interpret as a sign of accumulation rather than short-term trading.


This pattern echoes previous cycles where XRP consolidated before a breakout. With less leveraged speculation in the market, the stage may be set for a more sustainable move when volatility returns.



Historical Context: What Whale Accumulation Has Meant Before

Looking back, whale accumulation has often preceded significant XRP price shifts. For instance, during the late 2020 rally, on-chain data showed large holders steadily buying before XRP surged past $0.70. Similarly, in 2024, whale positioning accelerated ahead of XRP’s 400% push above $3.


However, whale buying has not always guaranteed immediate rallies. In several cases, the token continued consolidating for weeks before eventually breaking higher. Analysts caution that while whale behavior is a strong indicator of confidence, timing remains uncertain.


Traders are closely monitoring the $2.72 support zone as the line that must hold to maintain the bullish structure. A breakdown could open the door to a deeper retracement. Conversely, a decisive break above the $3.20–$3.40 resistance band may unlock momentum toward $4 and beyond, levels analysts have flagged as the next major test for XRP.


With the asset squeezed between these boundaries, many expect that volatility is likely to return soon. As accumulation builds and speculative excess cools, the market may be setting the stage for a significant directional move.


Final Word

For now, XRP is caught in a holding pattern, but beneath the surface, whale activity and spot accumulation are laying the groundwork for what could be the next big swing. Whether that move comes in the form of a breakout to new highs or a reset of support will depend on how the price reacts at the established levels.


Investors watching XRP would do well to keep an eye not only on technical breakouts but also on continued whale wallet behavior, which remains one of the strongest signals of confidence in the token’s next chapter.


Also Read: Top Analyst Says Unless These 3 Things Happen, The XRP Bull Run Is Not Over – Here’s What


The post 340,000,000 XRP in Two Weeks as Price Prepares for Breakout appeared first on 36Crypto.

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