Crypto: Whales buy 190 million XRP in a week despite price drop

As XRP declines, the biggest holders are accelerating their purchases. In one week, nearly 190 million tokens were accumulated, revealing an offensive strategy in the midst of a decline. This movement intrigues as much as it questions. Behind this massive accumulation, a hypothesis is emerging: are the whales already anticipating the next movement of XRP, where the rest of the market is still hesitant?

A massive accumulation in full decline

Over the last seven days, on-chain data reveals a significant movement marked by a rapid accumulation of XRP by the largest holders.

Several structuring elements stand out clearly:

• 190 million XRP purchased in one week;
• A notable $35 million transaction in less than an hour;
• Fragmented execution via “156 automated purchases of 10,000 XRP”;
• A price moving around $1.35 in a context of decline.

These figures reflect a coordinated and methodical strategy, far from isolated opportunistic purchases. Whales appear to be exploiting the decline to strengthen their positions at levels deemed attractive.

This behavior fits into a classic logic of crypto cycles, where the best capitalized players accumulate during phases of weakness. This dynamic is also reflected in the structure of the network: 32,054 wallets now hold more than 100,000 XRP, a sign of increased concentration in the hands of experienced investors capable of absorbing short-term volatility.

Contrasting market signals around XRP

Beyond these massive purchases, other indicators complete the picture. Flows linked to financial products backed by XRP show a more nuanced dynamic. On a weekly basis, ETFs saw $2.6 million in inflows, while the monthly balance sheet remains negative, with a net outflow of $28 million in March. This divergence reveals a hesitation on the part of traditional institutional investors, contrasting with the aggressiveness of whales on the spot market.

At the same time, trading activity is experiencing a notable acceleration, with an 81% increase in volume in 24 hours. This increase in liquidity indicates a renewed interest in the asset, despite a price that is struggling to find an upward trajectory. The market thus seems to be evolving in a transition phase, where accumulation and prudence coexist.

This configuration opens up several perspectives. The gap between on-chain accumulation and institutional flows could reflect a time lag in reading the market. If whales anticipate a rebound, their current positioning could be a leading indicator. Conversely, the continued caution at the ETF level is a reminder that the macroeconomic and regulatory environment continues to weigh. The evolution of the price of XRP in the coming weeks will therefore depend on the ability of these divergent signals to converge towards a clear direction.

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