Regulatory setbacks in Washington triggered panic across the crypto market, but some capital allocators saw it as an opportune time to buy. When XRP’s price slipped toward $1.40 in direct reaction to the failed CLARITY Act vote in the US Senate, large-holding wallet cohorts began scooping up exchange supply.
Santiment metric data shared by analyst Ali Martinez highlights the scale of this whale movement. The tracked cohort of whale wallets absorbed 1.54 billion XRP in just 96 hours. Based on prevailing prices during the transactions, this accumulation cost approximately $2.2 billion. The aggressive buying pushed the tracked wallet group’s total holdings from 8.27 billion to 9.81 billion XRP.
The multi-billion-dollar influx over four days quickly reversed the price trajectory. XRP logged a 15.92% weekly gain to settle at $1.54 per token. This rebound brings the token directly into contact with a technical resistance zone capping the $1.55-$1.60 range.
Limitations of On-Chain Reporting Methods
While the recorded accumulation appears massive, methodological caveats surrounding blockchain tracking must be considered. Wallet tracking tools cannot reveal the real-world identities behind cryptographic addresses. In many cases, cryptocurrency exchanges, custodial service providers, or institutional firms manage multiple addresses collectively. The 1.54 billion XRP figure purely reflects the net balance increase within the tracked wallet cohort - not definitive proof of a newly coordinated group of independent investors buying simultaneously. Regardless of the buyers’ true identities, sustained interest in XRP ETF instruments on traditional exchanges has actively supported demand despite lingering volatility.
Targets for Breaking Resistance Levels
Technical indicator readings place XRP’s price action on an upward climb without excessive pressure. The 14-day Relative Strength Index (RSI) currently sits at 62.77. This momentum indicator has climbed above its 56.24 signal line average while leaving headroom before reaching the overbought threshold at 70.
The trend’s balance is further validated by the Aroon Oscillator standing at +50. This positive midpoint indicates that XRP’s recent highs are more recent than its lows, supporting an upward trajectory without signs of blind buying frenzy. Market analyst EGRAG pointed to a clear prerequisite for the trend’s continuation: the RSI curve must cross above its moving average beyond the 53 level and maintain a daily close above it to target the 80 momentum area. Should XRP encounter renewed selling pressure, the 47 level would serve as the next cushion.
Reported via crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
