XRP Whales Accumulating, CryptoQuant Sees Bear-Market Tail—But Death Cross Persists
CryptoQuant data suggests XRP whales are accumulating near the $1.00–$1.20 range, lowering downside pressure as large holders quietly add supply. In its report, Julio Moreno said the largest XRP cohorts are buying around their average purchase cost, consistent with the late phase of a crypto bear-market decline. However, XRP whales buying has not translated into bullish price confirmation: 90-day taker cumulative volume delta is neutral, implying calm absorption rather than aggressive upside.
On-chain and order-flow signals point to a basing phase, but the daily chart remains bearish. XRP is trading below the 50-day and 200-day EMAs (a death cross), with RSI at ~39.5 (below the 50 momentum line and edging toward oversold). ADX is ~10.4, indicating weak trend strength and choppy price action rather than a breakout.
Key levels for traders: support is around $1.04; a clean break could open $0.9167 and then $0.8358. Resistance sits near the 1.1145 Fibonacci level, with a larger ceiling around $1.60. A daily close back above the 200-day EMA (around $1.12) would be the first real signal that XRP whales accumulation is beginning to work.
Across the broader market, whales are also adding in assets like Bitcoin and Ethereum, but for XRP the immediate tension is clear: accumulation looks constructive, while XRP whales still face technical trend headwinds.
Neutral
Neutral—this is accumulation without confirmation. On-chain/flow metrics (CryptoQuant’s whale cohorts adding supply near their cost basis, and neutral 90-day taker CVD) suggest XRP whales are absorbing sell pressure and reducing downside tail risk. That often aligns with late-stage bear-market stabilization (similar to prior cycles where large holders accumulate while prices flatten).
But the market structure is still bearish: XRP remains below the 50/200-day EMAs with an active death cross, RSI is sub-50, and ADX is low (no strong trend). Historically, such combinations frequently produce prolonged ranges until a clean reclaim of key moving averages occurs. So traders may see downside support hold intermittently, yet upside follow-through is likely to remain capped until XRP proves trend reversal.
Short term: expect chop/mean-reversion around $1.04–$1.12 rather than an immediate breakout, with $1.04 acting as the line in the sand. Long term: if XRP whales continue accumulation and price eventually reclaims the 200-day EMA, the setup could shift toward a more durable recovery. If support breaks, the “accumulation” narrative can flip into passive distribution, worsening downside momentum.