The crypto market has been quiet lately, and XRP is no different. Its price is sitting around 2.11 dollars after dropping 7 percent in the past week. But even though the price isn’t moving much, some signals from the blockchain suggest something interesting is happening.
What you'll learn 👉
Wallets Hit ATH as Whales Quietly Accumulate
As per the data from Glassnode, the number of XRP wallets holding at least 10,000 coins has reached a new record. There are now over 300,000 wallets in this category. That number has been climbing steadily, which means more people are building bigger XRP positions.
At the same time, large holders, or whales, have been busy. In just the past 30 days, they’ve bought around 900 million XRP. That’s worth about 1.8 billion dollars. This shows that big investors are still confident, even while the price moves sideways.
Over 300,000 wallets now hold 10,000+ #XRP, hitting a record high as whales amassed 900M XRP worth $1.8B in last 30 days. pic.twitter.com/h7SmvRTPMr
— TheCryptoBasic (@thecryptobasic) May 5, 2025
What makes this even more interesting is the timing. These wallets have been growing while the market has stayed flat. This kind of quiet accumulation often means something bigger could be coming soon.
XRP Chart Analysis and Price Forecast
We had a look at the chart and XRP is sitting at an important level. The price is just above the 200-day moving average, which is around 2.06 dollars. This line has been strong support before. If buyers step in, it could hold again.
Right now, the momentum looks weak. The RSI is near 40, which tells us buyers are losing strength. XRP also failed to break above the 2.60 level a few times last month. Since then, the price has slowly been drifting down.
If the XRP price falls below the 2.06 support, it could drop to 1.90 or even 1.70. These were strong support zones earlier this year. On the other hand, if the price bounces from here, it could climb back to 2.40 or even test the 3.00 level again.
In short, the price is stuck in the middle. The chart shows weakness, but the wallet data tells a different story. Whales are still buying, and more wallets are stacking XRP. If support holds, this quiet accumulation could be the start of something bigger. If not, a deeper correction might come first.
Read also: XRP Value When Ripple Beats the SEC and Regains Top 3 Position
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