XRP Trades Near Support as Whale Accumulation Reaches $4.25 Million
Key Takeaways
- •XRP is priced at $1.02 and has fallen 1.95% over the past 24 hours, with $1.03–$1.05 acting as near-term support.
- •EGRAG CRYPTO says XRP is trading below its 21-, 50-, 100-, and 200-day EMAs, showing buyers have not yet taken control.
- •A move back above $1.18–$1.20 would be the first sign of strengthening momentum, with $1.27 and $1.65–$1.80 as higher targets.
- •Large holders accumulated a net 4.11 million XRP, or about $4.25 million, over the past week.
- •A sustained drop below $0.97 could invalidate the current setup and send XRP toward $0.777.
XRP continues to trade in a compressed range near key support levels as bulls attempt to regain momentum. Meanwhile, on-chain data reveals that large holders have been steadily accumulating the token, adding a net $4.25 million worth of XRP over the past week.
At the time of writing, XRP is priced at $1.02, reflecting a 1.95% decline over the past 24 hours. The token's 24-hour trading volume stands at $1.03 billion, with a market capitalization of $63.9 billion, according to CoinMarketCap.
Compression Structure Highlights Key Levels
Crypto analyst EGRAG CRYPTO notes that XRP remains confined within a three-day compression pattern near its lower boundary of approximately $1.03–$1.05. The token is currently trading below its 21, 50, 100, and 200 exponential moving averages (EMAs), indicating that buyers have not yet established firm control.
According to the analyst, a decisive reclaim of the $1.18–$1.20 range would serve as the first confirmation of strengthening momentum. A breakout above $1.20 could open the path toward the $1.27 level, with further upside targets extending to the $1.65–$1.80 zone.
Conversely, failure to hold support combined with a breach below $0.97 would invalidate the current pattern, potentially exposing XRP to deeper losses toward $0.777.
Source: EGRAG CRYPTO's X Post
Whale Accumulation Trends Positive
Data shared by BankXRP reveals shifting whale behavior this week. Large holders purchased approximately 20 million XRP valued at $20.66 million, while selling 15.89 million XRP worth $16.41 million. This translates to a net accumulation of 4.11 million XRP, equivalent to roughly $4.25 million.
Source: BankXRP's X Post
The net positive balance indicates that institutional and large-scale investors are acquiring more XRP than they are distributing. This accumulation pattern could help absorb selling pressure and provide underlying price support, particularly if broader market sentiment improves.
Despite the whale accumulation data, XRP's price continues to trend downward, influenced by the broader cryptocurrency market. Bitcoin's recent pullback has weighed on altcoins across the board.
Key Levels to Monitor
The near-term trajectory for XRP hinges on whether bulls can reclaim the $1.18–$1.20 resistance while maintaining support at $1.03–$1.05. A confirmed breakout above $1.20 would target $1.27 and potentially extend toward $1.80. On the downside, a sustained drop below $0.97 could trigger a decline to $0.777.
