XRP whales don reach seven-year holding high as price dey fragile near $2
Whales don dey gather gbege for XRP materially while the token price still dey fragile near $2. After market drop on Dec 1 wey push XRP to about $1.90, price bounce back to about $2.02 but e dey down ~1.3% daily and ~8.4% weekly as of last check. On-chain metrics show say buy-side whale activity dey continue: Spot Average Order Size don high for 30 days and Spot Taker Cumulative Volume Delta (CVD) don positive for three weeks, meaning steady buying pressure. Santiment report say wallets wey hold 100M+ XRP don reduce in number (~20.6% over eight weeks) even though their combined balance rise to about 48 billion XRP — seven-year high — showing more concentrated accumulation. Whale-to-exchange flows still low (around 1,000 daily transfers to Binance), consistent with withdrawals and reduced selling pressure rather than deposit-driven sell-offs. Technical indicators still show short-term bearish risk: Relative Vigor Index (RVGI) cross bearish (near -0.02) and Parabolic SAR put near-term support around $1.90. Traders suppose dey watch whale exchange flows, Spot Taker CVD, and RVGI for confirmation: sustained whale accumulation and falling exchange inflows fit stabilise XRP near $2 and fit set condition for rebound to $2.20–$2.50 if broader market sentiment improve; if e no hold fit test below $2. Key datapoints: ~48B XRP for 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
Di kombin data show mixed, near-term neutral outlook for XRP price action. Bullish signal dem: large-wallet balances don reach ~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 show concentrated accumulation and less immediate selling pressure, fit stabilise price and push rebound if market sentiment improve. Bearish signal dem: short-term technical indicators (RVGI bearish crossover and Parabolic SAR support near $1.90) and recent price weakness (weekly decline ~8.4%) mean downside risk still dey and accumulation never trigger clear breakout yet. For traders, dis mean wait-for-confirmation approach: monitor whale exchange flows (decreasing inflows or net withdrawals), continued positive CVD, rising on-chain order sizes, and RVGI losing the bearish bias before dem go aggressive long. Conversely, renewed increase in whale deposits to exchanges or failure to hold $1.90–$2 fit cause rapid downside. Overall, the news reduce immediate tail-risk from large-scale selling (slightly bullish structurally), but because technicals mixed the short-term price impact best classify as neutral until clearer confirmations show.