XRP is showing signs of building upward momentum, as large-scale investors—commonly known as whales—have recently accumulated over 340 million tokens, signaling potential confidence in a market upswing toward the $4 mark.

Large XRP holders have ramped up activity during market dips, fueling speculation of a bullish turn.

Whale activity and critical support levels

Over the past two weeks, whales have steadily increased their XRP holdings, particularly during corrective dips near $2.90. Market analyst Ali Martinez noted this accumulation coincides with XRP testing crucial support at $2.77. If the asset can hold above this level, it could set the stage for a breakout toward $3.70 before eyeing the $4 threshold.

This buying pattern strongly suggests that institutional or deep-pocketed investors believe in XRP’s potential to overcome current resistance zones. The activity adds weight to projections that XRP may soon break free from its current range.

Technical momentum builds with TD Sequential signals

Martinez also highlighted back-to-back buy signals from the TD Sequential indicator, a tool used to identify market reversal points. Such signals often precede short-term bullish moves when assets are considered oversold.

The latest technical setup reinforces the bullish narrative prompted by whale accumulation. Taken together, these indicators hint at growing investor optimism—even amid broader uncertainty in alternative cryptocurrency markets.

Altcoin market conditions remain mixed

While XRP displays strength, the broader altcoin environment remains volatile. A recent Bitfinex report from Aug. 25 pointed out a shift of institutional capital from Bitcoin to Ethereum and other altcoins. This rotation followed Bitcoin’s consolidation near historic highs, with Ethereum rallying past $4,950 on the back of ETF inflows and treasury allocations.

Despite Ethereum’s rise, the broader altcoin market faced sluggish momentum. A follow-up report from Bitfinex on Sept. 1 (Bitfinex Alpha) suggested that this movement is more about redistribution than new investments. It warned of potential weakness across altcoins through September, citing double-digit losses in coins like Cardano (ADA) and Dogecoin (DOGE).

XRP holds strong amid broader altcoin stagnation

Even with a hesitant altcoin backdrop, XRP’s fundamentals have remained resilient. The token’s accumulation by major players during periods of weakness may reflect strategic positioning ahead of key events—particularly anticipated ETF launches in October that could include XRP-based products.

Although near-term market pressures remain a concern, the convergence of market structure, technical signals, and whale behavior suggests XRP could soon break out of its consolidation phase.

Current XRP market metrics

As of 8:18 pm UTC on September 1, 2025, XRP is ranked #4 by market capitalization, which stands at $164.45 billion. The token was trading at $2.76, reflecting a 1.74% decline over the preceding 24 hours. Its 24-hour trading volume was recorded at $7.26 billion, underscoring active market participation.

The broader crypto market has a total valuation of $3.77 trillion, with Bitcoin’s dominance sitting at 57.67%. Momentum within the space appears to hinge on how altcoins perform through the rest of Q3 and into Q4.

Related: XRP Price: $12M Max Pain for Bears

All eyes remain on XRP’s upcoming moves as technical patterns and large-scale buying stir hopes for a breakout—despite prevailing skepticism across the crypto landscape.