Mysterious Entity Accumulates $35M+ in XRP Within an Hour: Here’s Why the Price Failed to React

The XRP price failed to react positively despite a mysterious entity accumulating over $35 million worth of XRP in less than an hour.

XRP has remained under pressure in recent days. The price recently fell to $1.32, down from a high of $1.6 reached on March 17. The drop picked up toward the end of the week, with XRP losing 3.83% on March 26 and falling another 2.6% on March 27.

What makes this move unusual is that it happened at the same time as a major buying event. In most cases, this level of demand would help push prices higher. However, XRP kept falling this time, raising questions among investors.

Key Points

• XRP has dropped from $1.6 on March 17 to $1.32, representing a 17.5% decline.
• Data shows that while the price dropped 3.83% on March 26 and 2.6% on March 27, a large entity accumulated $35 million in XRP during this period.
• The whale executed a total of 156 repeated trades of 10,000 XRP every 18.5 seconds over 48 minutes.
• The CVD indicator surged across exchanges, reaching above 15 million XRP on Coinbase, 8.5 million XRP on Kraken, and 8 million XRP on Bitstamp.
• However, continuous sell-side liquidity from market makers kept supply stable, preventing price increases despite strong and sustained buying pressure.

Strange Entity Scoops up $35M+ in XRP

This disclosure came from market analyst and order book expert Dom. He revealed that the unknown entity acted quickly and spread the purchases across several exchanges. Most of the activity took place on Coinbase, while Bitstamp and Kraken also showed similar patterns shortly after.

Dom pointed out that the buying included 156 identical trades of 10,000 XRP each. These orders were placed every 18.5 seconds and continued for about 48 minutes. From this pattern alone, Coinbase recorded $23.4 million in purchases. He noted that this kind of steady and structured activity is not common in the market.

The analyst also explained that these large trades were only part of the strategy. According to him, the buyer used a TWAP approach to break up larger orders into smaller ones to avoid moving the price too much.

Dom stressed that most of the $35 million+ accumulation came from repeated trades between 1,000 and 5,000 XRP, which helped reduce slippage and keep the activity less noticeable.

XRP Sees Exchange CVD Spikes

Data shared alongside Dom’s analysis showed a rise in Cumulative Volume Delta (CVD) across the exchanges involved. On Kraken, the CVD increased to about 8.5 million XRP, while Bitstamp saw a rise to around 8 million XRP. Coinbase recorded the largest jump, with its CVD climbing above 15 million XRP.

This increase in CVD shows that buyers were actively taking available sell orders from the market. Normally, this kind of strong demand reduces supply and forces prices to move higher. However, in this case, the price did not react as expected.

Why the XRP Price Failed to React

After Dom shared his data, a member of the XRP community questioned why the price did not increase. Dom explained that market makers helped keep the price stable by providing liquidity.

For context, as the large buyer took existing sell orders, market makers quickly added new sell orders at similar price levels. This kept the market supplied and prevented any shortage of sellers.

Notably, prices usually rise when there are more buyers than sellers. However, in this case, the supply stayed steady because market makers kept replacing what was being bought. This meant buyers did not need to offer higher prices to complete their trades.

As a result, XRP did not move up even with strong demand. Instead, the price continued to fall, likely influenced by the overall bearish market and possible selling from other participants.