XRP Whale Wallets Accumulate 3.44B More XRP, Now Holding 45.61B Tokens, Highest Since June 2018

XRP whale addresses holding 1 million tokens and above have reached a 6-year high in holdings amid a recent spike in XRP price.

According to Santiment’s latest data, these large XRP whale investors now hold 45.61 billion tokens, marking their highest cumulative balance since June 2018. The recent milestone coincides with a surprising surge in XRP price to reclaim the $0.80 level.

XRP Whale Accumulation Spikes

In its disclosure, Santiment further confirmed that high-value XRP wallets, which previously carried out large-scale distributions, have amassed a net addition of 3.44 billion XRP in the past two years, representing an 8.16% increase in their holdings. 

This increase in large-scale accumulation suggests strong confidence in XRP’s potential, especially after the prolonged period of legal uncertainty Ripple faced in the U.S. courts. Notably, the latest reports suggested Ripple execs recently met with President-elect Donald Trump.

As regulatory and political developments shift in favor of crypto and XRP, such XRP whale movements signal optimism about its future. The market often regards these holders as well-informed players with substantial resources.

Amid the recent accumulation trend, XRP’s recent price action has been notably bullish. XRP is currently trading at $0.8086, maintaining its momentum despite broader market pullbacks. With a 14.69% gain over the past 24 hours, XRP is the top gainer among the 100 largest assets.

Within the same timeframe, other cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin, have each recorded declines, contrasting with XRP’s upward trend. Particularly, BTC is down 2.10%, while ETH and DOGE have respectively collapsed 4.68% and 6.35%.

XRP Support Levels to Watch

On the daily chart, XRP has broken above the upper Bollinger Band, which currently sits around $0.7595. This level may act as an immediate support point if XRP experiences a pullback. 

Additionally, the 23.6% Fibonacci level at $0.7650 stands out as the next potential cushion, confirming the $0.75-$0.77 range as a vital support area. 

Notably, the $0.75 region had previously acted as resistance, and XRP holding above it is crucial for sustaining its bullish trajectory. A drop below this zone could signal a reversal, making it challenging for XRP to reclaim momentum.

Meanwhile, within the Directional Moving Index, the positive directional index (+DI) stands at 40.7, much higher than the negative directional index (-DI) at 4.6, which suggests a strong upward bias in market sentiment. 

Meanwhile, the Average Directional Index (ADX) is at 37.9, confirming a robust trend. However, it’s important to note that the +DI is beginning to slope downward as the ADX rises. 

This combination may indicate that while the upward trend remains strong, its intensity could start to moderate in the coming sessions, potentially hinting at consolidation or a minor correction.

At this point, if XRP can sustain its current price levels above $0.80, it may continue to advance toward the next Fibonacci resistance levels. However, any retreat below the immediate support levels can be bearish, especially if broader market corrections deepen.