Whales Have Deposited More Than 880 Million XRP Coins into Their Wallets

Such whales are usually wallets containing between 10 million and 100 million XRP, and buying such large amounts is usually a sign that they are expecting a positive price movement later on.

The past month has seen whales depositing more than 880 million XRP coins into their wallets, which could be a sign of increased confidence in the digital asset’s future. These whales, usually wallets containing between 10 million and 100 million XRP, buying such large amounts is usually a sign that they are expecting a positive price movement later on.

According to a post by Ali (@ali_charts) on X, which also shared a chart from blockchain analytics platform Santiment, there has been a steady growth in whale holdings since early April 2025. From this pattern, it is clear that these large holders have been buying the Ripple-linked cryptocurrency consistently over the past few weeks.

Two key trends are reflected in the chart that Ali posted and they are the quantity of XRP held by these massive wallets and the price of this coin within the same timeframe. Even though the crypto asset’s price has fluctuated during this period, the rate at which whale accumulation was gaining speed did not slow down.

As shown by the chart, the coin’s price was around $2.21 as of May 8, having gained from recent dips in the month. It is also important to mention that the total value held by whale wallets approached 7.75 billion XRP at that moment.

On the TradingView chart, XRP has been trying to steady itself after a shaky period over the last couple of months. In recent days, the price was hovering between $2.10 and $2.25 and bounced clearly from the $2.13 level.

The RSI, a tool that can be used to determine if a coin is overbought or oversold, is showing an uptick, and has moved from under 40 to above 58. This reflects that momentum is building, which may indicate a shift to more buying pressure.

Meanwhile, the MACD (Moving Average Convergence Divergence), is nearing a possible bullish crossover, and this may provide more legitimacy to the idea that XRP may be ready to start a new price rally.