Whales bought $630 million worth of XRP: what does this mean for the token price
Date: 2025-09-09 Author: Henry Casey Categories: CRYPTO PAYMENTS
XRP is currently valued at about $2.88, having added about 2% in a day. Over the past month, the coin has lost more than 12.5%, but over a three-month horizon, it still shows growth of 26%. Despite recent difficulties, fresh data from the blockchain hints at a possible turning point: large buyers have begun to actively accumulate the asset, although mass sales from other holders are still slowing down the confident upward movement.
On September 3, when the rate was holding just above $2.85, two groups of investors made large-scale purchases. The first had at least 1 billion XRP in its portfolio, the second - from 10 million to 100 million. After the purchases, their combined reserves grew to 23.93 billion and 7.76 billion coins, respectively. In dollar terms, this means an increase of about $630 million. These transactions helped XRP overcome the $2.85 level, which had long served as serious resistance.
However, massive profit-taking prevents the price from developing momentum. Thus, the share of investors "in the black" increased from 85.6% at the beginning of September to 93.4% by the seventh. Usually, in such conditions, many prefer to sell off the asset. The HODL Waves analysis also confirms this: a decrease in the share of coins held from a week to a month and from three to six months indicates the exit of some short- and medium-term players.
As a result, a situation is developing in which large whales support the rate, and small traders, on the contrary, limit the growth with their sales. This does not allow XRP to turn into a full-fledged rally.
From a technical point of view, the coin holds key support at $2.85. The nearest resistance zones are at $2.94 and $3.10, and consolidation above $3.35 is capable of completely transferring the market structure to a bullish format. Until recently, XRP was within the "descending triangle" with the risk of falling below $2.69, but managed to break out of this pattern, which reduces the likelihood of a further collapse.
As long as the token remains above $2.85 and $2.69, the general upward trend of recent months remains in force. If the wave of profit-taking subsides, accumulations from large investors can push the rate higher. Otherwise, with a slowdown in whale interest and an increase in sales, support in the $2.69 area will again come under pressure, and a breakout of this mark will cross out short-term bullish prospects.
