XRP Records Highest Ever Whale Activity as Price Gains Nearly 100% in 7 Days

XRP has achieved remarkable gains, climbing almost 100% over the past week and a staggering 430% in the last 30 days. This price action has brought XRP to levels last seen in 2018. At the heart of this rally is unprecedented activity from whales — large holders of XRP whose movements often influence market dynamics.

Whale activity, as observed in blockchain data, reveals that large wallets have been moving massive amounts of XRP, potentially signaling shifts in market sentiment. While these actions may indicate bullish accumulation, historical patterns suggest caution as they often coincide with local market peaks.

What to Know:

• Massive Price Surge: XRP has risen by 430% in the last 30 days, with a 7-day gain nearing 100%, touching levels last reached in 2018.
• Unprecedented Whale Activity: Blockchain data highlights significant movements of XRP by whales, with inflows and outflows reaching record highs.
• Potential Market Top: Historical data suggests whale activity often aligns with price peaks, signaling caution for retail investors.

XRP’s Price Surge and Whale Influence

XRP’s price action has been extraordinary, fueled by renewed confidence in cryptocurrencies linked to U.S. companies like Ripple Labs. Investor optimism gained momentum following the Republican victory in the U.S. elections, perceived as favorable for Ripple’s ongoing legal and regulatory battles.

Large-scale whale transactions have been the focal point of XRP’s market movements. Whale activity refers to transactions involving significant amounts of XRP being moved to or from exchanges. According to CryptoQuant, whale-to-exchange movements have been at their highest in years, indicating heightened market activity.

What Whale Movements Mean for Investors

• Exchange Inflows: When whales move XRP into exchanges, it often signals potential sell-offs, which could lead to price corrections.
• Exchange Outflows: Conversely, when XRP is moved out of exchanges, it suggests accumulation, which may precede price rallies.

While the current rally has benefited from whale accumulation, analysts warn that the latest spike in exchange inflows might indicate profit-taking, historically marking local price peaks. XRP’s current price of $2.30 is seen as a critical level, as whale activity around this range suggests possible market cooling ahead.

XRP Overtakes Solana and Tether in Market Cap

Amid the rally, XRP has flipped Solana (SOL) and Tether (USDT) in quick succession, securing its position as the third-largest cryptocurrency by market capitalization. This achievement underscores XRP’s resurgence as a major player in the crypto space.

Trading volumes for XRP have also surged, particularly on South Korean exchanges, where interest in XRP has been exceptionally high. Market conditions have been further boosted by regulatory developments, such as South Korea’s recent decision to delay its crypto capital gains tax until 2025.

The Road Ahead for XRP

Despite the incredible gains, investors should remain cautious. Historical data suggests that major price rallies often attract profit-taking by large holders, which could result in a pullback. Furthermore, XRP’s performance in the coming weeks will depend on broader market conditions, including Bitcoin’s ability to maintain its $90,000-$100,000 range and regulatory developments affecting Ripple Labs.

However, with renewed interest from retail and institutional investors, as well as favorable regulatory sentiment in some regions, XRP could maintain its upward trajectory in the longer term.