XRP whales hit seven‑year holding high as price stays fragile near $2
Whales have materially increased XRP accumulation while the token’s price remains fragile near $2. After a Dec. 1 market drop that pushed XRP to roughly $1.90, the price recovered to about $2.02 but was down ~1.3% daily and ~8.4% weekly at the latest check. On-chain metrics show sustained buy-side whale activity: Spot Average Order Size has been elevated for 30 days and Spot Taker Cumulative Volume Delta (CVD) has been positive for three weeks, indicating sustained buying pressure. Santiment reports that wallets holding 100M+ XRP fell in number (~20.6% over eight weeks) even as their combined balance rose to about 48 billion XRP — a seven‑year high — signaling more concentrated accumulation. Whale-to-exchange flows remain low (roughly 1,000 daily transfers to Binance), consistent with withdrawals and reduced selling pressure rather than deposit-driven sell-offs. Technical indicators, however, still show short-term bearish risk: Relative Vigor Index (RVGI) crossed bearish (near -0.02) and Parabolic SAR places near-term support around $1.90. Traders should watch whale exchange flows, Spot Taker CVD, and RVGI for confirmation: sustained whale accumulation and declining exchange inflows could stabilise XRP near $2 and set conditions for a rebound toward $2.20–$2.50 if broader market sentiment improves; failure to hold could test below $2. Key datapoints: ~48B XRP in large wallets (7‑year high), 30 days of elevated spot order sizes, 3 weeks of positive spot taker CVD, and low whale-to-exchange flows (~1k daily).
Neutral
The combined data present a mixed, near-term-neutral outlook for XRP price action. Bullish signals: large-wallet balances hitting ~48B XRP (seven‑year high), 30 days of elevated spot average order size, three weeks of positive Spot Taker CVD, and low whale-to-exchange inflows — all indicate concentrated accumulation and reduced immediate selling pressure, which can stabilise price and fuel a rebound if market sentiment improves. Bearish signals: short-term technical indicators (RVGI bearish crossover and Parabolic SAR support near $1.90) and recent price weakness (weekly decline ~8.4%) imply downside risk remains and that accumulation has yet to trigger a clear breakout. For traders, this suggests a wait-for-confirmation approach: monitor whale exchange flows (decreasing inflows or net withdrawals), continued positive CVD, rising on-chain order sizes, and a losing of the RVGI bearish bias before taking aggressive long positions. Conversely, a renewed increase in whale deposits to exchanges or failure to hold $1.90–$2 could produce rapid downside. Overall, the news reduces immediate tail-risk from large-scale selling (slightly bullish structural), but given mixed technicals the short-term price impact is best classified as neutral until clearer confirmations emerge.