XRP Whales Shift $782M Amid Technical Support Watch

XRP whales have recently stirred interest in the crypto community by transferring massive amounts of XRP tokens, reflecting strategic activity even as technical support levels become increasingly critical for the asset’s performance.

According to blockchain data, a series of high-value transactions occurred on Wednesday, totaling 370 million XRP—equivalent to approximately $782 million. The transfers, tracked by a blockchain monitoring service, included a movement of 70 million XRP valued at $148.3 million between unidentified wallet addresses. Shortly thereafter, a much larger batch of 300 million XRP, worth roughly $633.7 million, was moved by Ripple itself to an undisclosed wallet.

This flurry of whale activity came in tandem with the U.S. Federal Reserve’s announcement to hold current interest rates steady. Although broader digital asset markets experienced slight dips in response to the Fed’s stance, XRP remained notably resilient, staying above a key support level at $2.10.

Sentiment among major XRP holders appears to be strengthening. Recent data highlights that wallets holding between 1 million and 10 million XRP now command 9.44% of the circulating supply. This marks a significant increase from 8.24% earlier this year, suggesting continued accumulation from high-net-worth individual or institutional investors. This trend indicates deliberate long-term positioning rather than immediate reactive behavior to fluctuating macroeconomic signals, such as Federal Reserve Chair Jerome Powell’s comments ruling out near-term interest rate cuts.

Adding further momentum to the XRP Ledger ecosystem, a new initiative has been announced by Ondo Finance. The firm is preparing to roll out a tokenized version of U.S. Treasury funds directly on the XRP Ledger within the next six months. This project will leverage Ripple’s RLUSD stablecoin and is aimed at offering uninterrupted access to government-backed financial assets. The move signals a shift toward more institutional-grade financial services within the blockchain environment.

In a surprising move on the corporate strategy front, Ripple has decided to discontinue its quarterly market update reports. These reports had been in place for over eight years and served as a transparency tool for the company. Ripple disclosed that the reports had been misused in its ongoing legal proceedings with the U.S. Securities and Exchange Commission, prompting the company to phase out this longstanding practice.

Technical patterns observed in XRP trading charts present a mixed outlook. While immediate resistance is noted around the $2.40 price level, more significant resistance lies between $2.90 and $3.00. Meanwhile, technical analysts have flagged the emergence of a “death cross” pattern, which occurs when the 50-day moving average moves below the 200-day average—a potential signal for bearish momentum.

Traders are keeping a close eye on the $1.50 support area, a line in the sand that has helped sustain XRP’s upward trend since late 2023. Holding above this level could reinforce positive momentum and open up the path toward the $1.70 to $1.80 range. However, a break below could reverse this optimistic trajectory, potentially dragging prices toward $1.40 and challenging investor sentiment.

Despite fluctuating signals from financial regulators and technical indicators, XRP continues to attract strategic attention from both institutional and individual whale investors. With major developments like tokenized assets on the XRP Ledger and shifts within Ripple’s disclosure practices, the digital currency remains at the forefront of blockchain innovation and investor watchlists alike.

Related: Expert Advice: Sell XRP If You’re Confused