28-6-2025 – The cryptocurrency XRP has been a hive of activity, with its largest investors—known as whales—making audacious moves that signal robust confidence, even as the coin’s price wavers. In a single week, these deep-pocketed players amassed over 420 million XRP tokens, a haul valued at more than $915 million, underscoring their belief in the asset’s potential. Yet, the broader market tells a more cautious tale, with new wallet creation slumping to its lowest in two months, suggesting retail investors are holding back.
XRP’s price, currently hovering at $2.18, has shown resilience, climbing 3.6% in a single day and recovering from a dip below $2.00 earlier in the week. A fleeting 6% surge to $2.23, driven by a frenetic hour of trading that saw 108 million XRP change hands, hinted at the market’s latent energy. Whales were at the heart of this rally, their transactions fuelling a steady buying pressure that has kept XRP buoyant. For a decisive breakout, analysts suggest the price must hold firm above $2.20; failure to do so could see it slide back to the $2.05–$2.10 support zone.
On-chain data paints a vivid picture of whale manoeuvres. A striking transfer on June 18 saw Ripple, the company behind XRP, shift 200 million tokens—worth some $439 million—to an unidentified wallet, possibly for institutional purposes or strategic positioning. Earlier, between June 12 and June 19, three hefty transactions totalling over 80 million XRP, valued at roughly $175 million, flowed from anonymous wallets to the Coinbase exchange, hinting at whales cashing in or repositioning their holdings. Other significant movements included 230 million XRP transferred from Ripple to another mystery wallet and a separate 50 million XRP shuffled between unknown parties, all pointing to heightened activity among the crypto’s elite.
The network itself is buzzing. A staggering 442.7% surge in daily active addresses, reaching 181,000 in just 24hours, signals growing engagement and authentic on-chain activity. Meanwhile, the number of wallets holding over 1 million XRP has soared to an all-time high of 2,850, a testament to the asset’s allure among major players. Despite the price trading sideways, technical indicators offer cautious optimism: short-term exponential moving averages lean bullish, while momentum and MACD metrics show tentative upward signals. However, longer-term simple moving averages (50, 100, and 200) suggest resistance that XRP must overcome to cement its upward trajectory.
