XRP Whales Accumulate Quietly as Price Eyes Breakout

$XRP’s price has been slipping, and whales are making big moves. On-chain data reveals a surge in whale activity, with hundreds of millions of $XRP changing hands. But while whales are buying, retail interest is fading, and $XRP struggles to hold momentum.

$915M in $XRP Snapped Up in One Week

In just one week, $XRP whales snapped up over 420 million tokens, worth more than $915 million, which shows strong confidence among investors in $XRP. However, new wallet creation has dropped to a two-month low, showing that while whales are buying, retail interest remains cautious.

Recently, $XRP surged 6% to $2.23 as over 108 million $XRP traded in a single hour. Whales were highly active during the rally. $XRP held steady, backed by strong buying pressure.

On-chain data shows that whales have been actively moving $XRP over the last two weeks. On June 18, Ripple transferred 200 million $XRP (around $439 million) to an unknown wallet, possibly for institutional use or strategic purposes.

Meanwhile, on June 12, June 15, and June 19, three large transactions totaling over 80 million $XRP (worth around $175 million) were sent from unknown wallets to Coinbase, which were likely whales preparing to sell or take profits.

Previously, 230 million $XRP were moved from Ripple to an unknown wallet, and 50 million $XRP were moved between two unknown wallets. These large transfers point to increased $XRP activity.

$XRP Eyes Breakout Above $2.20

$XRP might be trading sideways, but these transactions show that whales are quietly loading up. The number of wallets holding over 1 million $XRP also hit a record high of 2,850.

Recently, $XRP also saw a massive 442.7% jump in daily active addresses, hitting 181,000 in just 24 hours. The major spike in shoes growing user interest and real network activity.

$XRP is currently trading at $2.18, up 3.6% in the last 24 hours. It is showing gains of 2.7% over the past week and has recovered after dipping below $2.00 earlier in the week. The recent rebound and rising volume show that buyers are stepping in. But for a clear breakout, $XRP must hold above $2.20. If rejected, price could revisit the $2.05–$2.10 support.

Technicals are mostly neutral with momentum and MACD showing mild bullish signals. The short-term EMAs are bullish while the longer-term SMAs (50, 100, 200) still show some resistance.