- Whale wallets holding 10K+ XRP hit an all-time high of 317,500.
- Exchange supply dropped to just 3.9%, tightening available liquidity.
- XRP must break $2.59 and hold above $2.63 to confirm a rally toward $3.40.
After weeks of sluggish trading, XRP is showing signs of life again—climbing over 13% from Friday’s low of $2.18 to touch $2.48 on Monday. That rebound put XRP among the best performers of the day, and the charts hint there might be more gas left in the tank. Whale wallets have quietly been stacking up, signaling that the bigger players are betting on a potential trend reversal toward $3 in the near term.
Whale Activity Surges to Record Levels
According to Santiment, the number of wallets holding at least 10,000 XRP has surged to an all-time high of roughly 317,500. That’s not just another metric—it’s a clear sign that large holders are accumulating during weakness. “XRP’s price has rebounded a modest +5.3%,” Santiment posted over the weekend, adding that the growing presence of mid-to-large stakeholders is a “good long-term sign.”
At the same time, Glassnode data shows a sharp drop in XRP supply sitting on centralized exchanges—from 6.12% to just 3.9% of total supply over the last month. Less liquidity on exchanges means less sell pressure, which often amplifies upside potential when demand picks up. As investor Black Swan Capitalist put it, “The majority of XRP on exchanges is already gone… with so little liquidity left, any significant demand will force the market to absorb the remaining supply instantly.”
Technicals Hint at a V-Shaped Comeback
The charts tell a pretty interesting story. Since mid-September, XRP has been tracing out a potential V-shaped recovery—a bullish pattern where prices rebound sharply after a steep fall. To confirm the reversal, bulls need to push through $2.59, right where the 200-day simple moving average (SMA) sits. Beyond that, resistance around $2.81 to $2.95 (the 50- and 100-day SMAs) will test just how much momentum this move has.
If XRP can clear that zone, the next major target sits near $3.40—the neckline of the pattern—which would mark about a 26% jump from current levels. Analysts like Egrag Crypto say that a close above $2.55–$2.65 on a 3-day chart would be the clearest bullish signal yet. Meanwhile, the Bollinger Bands are tighter than they’ve been since June, hinting that a major volatility breakout could be just around the corner. The last time they squeezed this much, XRP popped 66%.
Fundamentals Are Lining Up
The momentum isn’t just technical. Ripple’s plan to launch a $1 billion Digital Asset Treasury company has also boosted sentiment around XRP’s long-term role in the ecosystem. Combined with record whale accumulation and shrinking exchange supply, the setup looks ripe for a sustained recovery—if buyers can keep momentum alive above key resistance zones.
