XRP whale activity surged 280% with 40+ million-dollar transactions in 24 hours as price fell below $1, while BTC recovered above $64k.
Macro & Markets ·
Large XRP holders have sharply increased transaction activity over the past day, with whale transactions on the XRP Ledger rising 280% and nearly 40 transactions exceeding $1 million. The surge in high-value transfers signals heightened engagement from major investors during a period of price weakness, as XRP has slipped below the $1.00 support level amid selling pressure.
The timing underscores a divergence between on-chain activity and price momentum. While network transactions from large accounts have intensified, indicating bullish positioning or repositioning by whale holders, XRP's price has continued to face downward force. Long-leverage traders have reportedly sustained significant losses in this environment.
Bitcoin, by contrast, has recovered above $64,000 during the same window. The contrast raises an open question about whether XRP's whale activity reflects genuine accumulation conviction, tactical repositioning, or other strategic moves divorced from near-term price direction.