Saad Ullah
The XRP market just witnessed something pretty wild - massive investors, or "whales" as we call them in crypto, went on an absolute buying frenzy over the past two days. We're talking about 50 million XRP tokens getting scooped up, which has traders buzzing and the price climbing back up to $3.319.
This whale accumulation kicked off right after XRP hit some rough patches in early August, bottoming out around $2.559. But instead of panicking, these big-money players saw an opportunity and started loading up their bags.
XRP Price Gets a Major Boost from Smart Money
Here's where it gets interesting - according to on-chain data from @ali_charts on X, wallets holding between 10 million and 100 million XRP have pumped their total holdings up to about 8.01 billion tokens. That's serious money we're talking about here.
When whales start buying this aggressively, it's usually a pretty good sign. They're essentially removing supply from the market, which naturally pushes prices up. XRP bounced from that August low all the way to $3.397 before settling where it is now.
What's Next for XRP Price Action?
Right now, XRP is sitting pretty at $3.319, which is a solid jump from the $2.838 we saw just days ago. Market analysts are eyeing the $3.40-$3.50 resistance zone as the next hurdle, with some even pointing to $3.677 if this bullish wave keeps rolling.
Of course, nothing goes up in a straight line forever. We might see some profit-taking along the way, but with institutional money flowing in like this, the overall vibe around XRP is definitely shifting positive. When the smart money moves, retail often follows - and that could mean more upside ahead.
Saad Ullah
