XRP Whales Are Waking Up: 4,000,000 Tokens Moved In 72 Hours!
In the unpredictable world of cryptos, certain movements reveal a well-established logic. On the XRP network, the spike in activity, with over 4 million transactions in three days, intrigues analysts. It’s neither a speculative surge nor a simple frenzy. Everything points to a methodical accumulation, likely orchestrated by large entities. And when whales move, the market tends to follow. This sudden increase in volume could well signal a strategic shift to watch closely.
In Brief
- Activity on the XRP network has exploded with over 4 million transactions in three days, signaling a large coordinated movement.
- XRP whales seem to be taking action, suggesting a phase of massive accumulation potentially strategic.
- Technical indicators confirm a solid bullish trend, supported by a notable increase in trading volumes.
- The market’s interpretation of these signals could determine whether XRP enters a new rally phase or faces a pullback.
A Rally Fueled by Market Structure
Over the past few days, XRP has made a decisive move by breaking upward through a chart pattern that had been closely watched for months: a descending triangle, a typical compression formation.
XRP surpassed its multi-month descending triangle formation and clearly broke through significant resistance levels at $2.20. Furthermore, the token then reached a local high of $2.47 before undergoing a moderate correction, interpreted as a simple return to the mean after a breakout.
This movement fits within a particularly favorable technical environment, according to the indicators used by analysts. Several signals support the idea that the market is currently backed by genuine demand and not merely a speculative push:
- Trading volumes have sharply increased, accompanying the breakout from the descending triangle, which strengthened the credibility of the breakout;
- XRP now trades above its 50, 100, and 200-day moving averages, an alignment analysts call a “sustainable bullish structure”;
- The RSI (Relative Strength Index) is currently at 59, a level considered high but still below the overbought zone, allowing the movement to continue without immediate technical alert;
- The next identified target ranges between $2.70 and $3.00, provided the $2.20 support does not break under pressure from potential profit-taking.
Whales Are Moving Silently
However, beyond the charts, the most intriguing signal was detected deep within the network. Between May 8 and 10, over 4 million peer-to-peer transactions were recorded on the XRP Ledger, with a daily peak exceeding 1.3 million.
This increase in transactional volume likely indicates an internal reorganization of the ecosystem or a redistribution by the whales. Massive transfers are not necessarily the result of commercial activity or traditional trading but could correspond to strategic portfolio adjustments by major entities.
Unlike a simple volatility spike caused by small holders, it is the on-chain signals that reveal an unusual intensity of flows between accounts. The XRP network records underlying activity, reflecting a methodical capital movement rather than impulsive frenzy.
This distinction is essential. It suggests that the actors behind these flows have substantial capital but also a strategic reading of the price levels reached by Ripple’s crypto. There is currently no confirmation of coordinated intent, but the size of the transactions is striking.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.