XRP Whale Buys 20M Coins from Upbit as $1.29 Support Faces $1.35 Liquidity Wall
XRP is seeing renewed momentum after a whale bought 20 million coins worth about $27 million on Upbit, reported by analyst Xaif Crypto. The large accumulation highlights confidence among major holders while XRP consolidates inside a tight trading range.
On the exchange-access side, Rakuten Wallet expanded its spot crypto lineup to include XRP plus four other assets, which could improve liquidity and support stronger spot demand.
Technically, Xaif Crypto points to “liquidation walls” on the XRP liquidation heatmap: heavy liquidity clusters sit near $1.27–$1.28 below and $1.35 above. This setup suggests a high-volatility trigger if either side is breached.
CoinCodex notes XRP is trading around $1.30 and rebounding from a macro channel floor. Bulls need to defend the $1.29 area; a breakdown could spark a fast hunt for shorts and quick downside volatility. If support holds, the compressed range may “coil” into a breakout attempt, with $1.50 flagged as the next psychological upside target.
Bullish
This is broadly bullish because whale accumulation (20M XRP) can add sustained buy pressure, and the technical structure suggests upside may be triggered once the $1.35 liquidity wall is tested. XRP is also rebounding near the macro channel floor and is trading around $1.30, with $1.29 highlighted as the key line bulls must hold.
However, the same heatmap indicates a two-sided risk: dense liquidity below $1.27–$1.28 and above $1.35 can accelerate moves in either direction. Traders who have been waiting for a breakout may enter near the walls, but stop-runs and liquidation cascades are likely if XRP loses $1.29. Similar historical patterns—where large order-flow plus clustered liquidation levels precede a sharp expansion from a tight range—often produce quick directional moves, followed by volatility-driven retests. In the short term, expect headline-driven volatility around $1.29/$1.35; in the longer term, if whale-driven demand persists and spot liquidity improves via Rakuten Wallet listings, the probability of a move toward $1.50 increases.