XRP whales pull off 190-million-unit purchase amid crypto market downturn.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only.
U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP whales increased their activity over the past week as the cryptocurrency witnessed plummeting prices. Within this period, whales accumulated 190 million XRP, as reported by crypto analyst Ali Martinez.Based on the current XRP price at $1.35, the 190 million XRP coins are valued at $256.5 million.in less than an hour. According to the details, the whale set up a sophisticated bot that ended up making a total of 156 identical purchases of 10,000 XRP.Accumulations like this are often interpreted as whales stacking at relatively attractive prices. If sustained, it potentially sets up XRP for a price rebound or breakout. Typically, whales, which are often institutions, funds or very wealthy individuals, accumulate cryptocurrencies in anticipation of future price breakouts. It shows confidence from big players who may have better information or long-term conviction in XRP. It contrasts with past instances where whales dump their assets due to falling prices. For instance, in February, when XRP faced a downtrend, an unknown whale address transferred Currently, the XRP price hovers around $1.35, up 1.2% over the past 24 hours. The trading volume of the Ripple-backed coin also surged more than 81% within the same period.Such rallies suggest increasing interest from both retail and institutional investors. This comes amid rising adoption of the XRP Ledger for payments, ETF inflows and macroeconomic conditions.Additionally, the spot XRP exchange-traded funds recorded a net inflow of $2.6 million for the week ending March 29, 2026. While the inflows were lower than anticipated, it signals renewed commitment from institutional players.Finnovex North Africa 2026: Catalyzing Egypt’s Fintech Revolution Through Smart Finance and Regulatory Transformation
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
XRP Price Breakout in Doubt as Network Activity Plummets 52%XRP network activity has slowed significantly over the last day as the amount of XRP burned as fees during the period fell by over 50% from the previous day.
Read more »
'Extreme Fear' on Cryptocurrency Market: XRP, Ethereum, Bitcoin and Others Under Immense PressureThe market is taking a beating for the third month in a row, which affects the outlook investors have.
Read more »
XRP Ledger Drops Below Key 1 Million Threshold, but It Is Perfect OpportunityXRP has lost the 1 million price threshold that is usually used to determine if things are going fine for the asset.
Read more »
XRP price: What next for Ripple-linked token as weak price action creates unstable setupFunding spikes and liquidations point to positioning build-up, with direction hinging on whether buyers can defend support.
Read more »
This utterly cute Chinese EV costs just $6,200 and pushes over 190 milesTech Product Reviews, How To, Best Ofs, deals and Advice
Read more »
Three XRP Burn Rate Spikes: Why Didn't XRP Burn Mechanism Stick?XRP saw a substantial spike in burn rate throughout the month of March, but it did not stick.
Read more »