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XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

by admin June 7, 2025
June 7, 2025
XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling

XRP is facing renewed pressure as the cryptocurrency continues to trade within a persistent downtrend, despite momentary support from large investors.

At the time of writing, XRP is priced at $2.18, having dropped 0.84% in the last 24 hours.

Source: CoinMarketCap

While some traders hoped the altcoin had reached a bottom, its short-term momentum remains weak.

However, a surge in accumulation by XRP whales—who collectively acquired nearly 900 million tokens worth approximately $1.9 billion—could help anchor the price above $2.00.

This tug-of-war between whale accumulation and long-term holder (LTH) selling could define XRP’s near-term trajectory. Whether the coin stabilises or slides further will depend on the strength of the support zone now forming near $2.18.

XRP whale activity hits $1.9 billion in two days

In just 48 hours, addresses holding between 100 million and 1 billion XRP absorbed 900 million tokens, data shows. At current market prices, this represents a capital inflow of $1.9 billion into XRP by a small group of large holders.

This level of activity is significant because whale purchases are often seen as a sign of institutional or informed investor confidence in future price movement.

Blockchain analysts have flagged this behaviour as a possible attempt to stabilise the token above the $2.00 psychological threshold.

Historically, such coordinated buying tends to provide short-term price floors, even if broader market sentiment remains mixed.

Despite this positive accumulation trend, XRP is not out of the woods. The ongoing downtrend since mid-May has yet to be reversed.

If buying pressure continues at this scale, it could help offset the concurrent selling from long-term investors.

Long-term holders begin cautious selling

On-chain metrics show that XRP’s Liveliness indicator—a measure tracking whether long-held coins are being spent—has risen slightly.

This suggests that some long-term holders (LTH) are selling into the recent price weakness.

Though the selling appears modest so far, it reflects a dip in conviction among investors who previously held XRP through earlier volatility.

Historically, when LTHs sell during a downturn, it can lead to further price erosion, especially if not countered by new demand.

However, the limited scale of this selling means its effect may be muted for now.

If whales maintain their aggressive accumulation pattern, they could absorb this supply without triggering additional losses.

The next key price levels to watch are $2.02 and $1.94. If XRP fails to maintain the $2.18 level, a slide to $2.02 is likely.

A further break below that could pull the token to $1.94, which would mark a full invalidation of the current support zone and signal continued bearish pressure.

XRP must hold $2.12 or risk slipping to $1.94

Technical analysts note that XRP must hold the $2.18 level to attempt a breakout from its current downtrend.

The next upside resistance sits at $2.27.

A strong bounce from current levels, especially if supported by whale demand, could help XRP flip the trend and regain upward momentum.

This would also help re-establish bullish sentiment, which has been dampened by the prolonged decline.

However, the altcoin remains at a critical juncture. Should market conditions deteriorate or LTH selling intensify, whale activity alone may not be enough to prevent a further drop.

The next few trading sessions will be decisive in determining whether XRP can build a recovery or extend its correction deeper into the $1 range.

The post XRP whales buy $1.9 billion as price clings to $2.18 amid long-term selling appeared first on Invezz

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