XRP whale transactions jump 280% as $1 support gets tested

XRP large-holder transfers above $1 million jumped 280% in 24 hours, yet the token's price has not confirmed the move.

XRP whale transfers above $1 million jumped 280% to 38 transactions in 24 hours, while the token held near $1.0026 after dipping below support.

Whale monitoring on the XRP Ledger tracks transfers at two thresholds — above $100,000 and above $1 million — with the million-dollar tier filtering for institutional players and very large individual holders, according to Crypto Briefing's on-chain analysis.

The spike follows a week in which whales accumulated more than 380 million XRP, a figure well above prior accumulation periods. June saw the opposite dynamic, with roughly 30 million XRP offloaded by large holders in a distribution phase. In January, transfers of $100,000 or more jumped from 2,170 to 2,802 in a single day.

No confirmed exchange inflows or outflows have been linked to the 38-transaction surge, leaving the directional intent open. If XRP records a daily close below $1.00, the next support sits near $0.95, while a reclaim of the $1.04-$1.08 range would signal a stronger recovery.

Whale Data Points to Positioning, Not Direction

Large transactions on a public ledger are visible, but their intent is not. A $5 million transfer could be a whale moving coins between wallets, an OTC desk settling a trade, a custodian rebalancing, or a sale hitting an exchange. The absence of corroborating exchange flows matters: when whale activity precedes a meaningful price move, exchange inflows tend to appear quickly, as coins moved to sell must land where an order book exists.

XRP's market structure makes whale behavior worth tracking more closely than on other assets. A relatively concentrated holder base, combined with Ripple's periodic token releases from escrow, means large transfers can reflect corporate treasury activity as much as speculative positioning.

$1 Support Holds as Technicals Stay Bearish

XRP is attempting to stabilize around the $1.00 level after briefly slipping below it, but the price action has yet to produce a convincing bullish reversal. The token trades below its short-term moving average near $1.04, with the next dynamic resistance around $1.08. Longer-term averages sit significantly higher, near $1.16 and $1.35, highlighting the resistance XRP must overcome to build a stronger bullish structure.

Downside risk remains elevated. If XRP records a daily close below $1.00, there is little obvious technical support immediately underneath, and traders could target the $0.95 region. XRP ETFs hold $933 million in assets, while XRP Ledger active addresses hit a two-month high, according to market data.

The whale activity comes as Ripple expands its institutional reach. South Korea's Jeonbuk Bank adopted Ripple Payments for near real-time cross-border business remittances, replacing the multi-day SWIFT system. The SEC is also exploring moving US equities onto blockchain for continuous trading, involving Ripple and Nasdaq.

This article is for informational purposes only and does not constitute investment advice.