The crypto market is quiet just -just the XRP is no different. Its price sits around 2.11 dollars after falling 7 percent last week. But even though the price does not move much, some signals from the blockchain suggest something interesting is happening.
Wallets hit ATH while whales were silently accumulated
As per data from GlassnodeThe number of XRP wallets holding at least 10,000 coins reached a new note. There are now more than 300,000 purses in this category. That number continues to climb, which means that more people are building a larger XRP position.
At the same time, large holders, or whales, became busy. In the past 30 days, they have bought about 900 million XRP. That costs about 1.8 billion dollars. It shows that large investors are still confident, even if the price moves sideways.
More than 300,000 Dompets now hold 10,000+ #Xrp. pic.twitter.com/h7smvrtpmr
– TheCrypToBasic (@thecryptobasic) May 5, 2025
What makes it more interesting that this is the timing. These wallets grow as the market remains flat. This type of quiet accumulation often means something larger can approach soon.
XRP chart review and price forecasting
We looked at the chart and the XRP was sitting on an important level. The price is just above the 200-day moving average, which is around 2.06 dollars. This line has been a strong support before. If consumers enter, it can be touched again.
So far, the momentum looks weak. The RSI is close to 40, telling us consumers are losing strength. The XRP also failed to break above 2.60 levels several times last month. Since then, the price has been slowly sinking.
If the XRP price drops below the 2.06 support, it can drop to 1.90 or even 1.70. These were strong support zones earlier this year. On the other hand, if the price is bouncing from it, it can climb back to 2.40 or even test 3.00 levels.
In short, the price is stuck in the middle. The chart shows weakness, but purse data tells a different story. The whales are still buying, and many wallets are stacked on XRP. If you hold the support, this quiet accumulation can start something bigger. If not, a deeper correction may be preceded.
Also Read: The Value of XRP When Ripple beat the SEC and recover the Top 3 position
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