XRP Whale Activity Surges Amid Market Uncertainty
The Most Important Points at a Glance
- The activity of XRP large investors (“whales”) has increased significantly over the past three weeks.
- Ripple defends its sales strategy against criticism that fears a dilution of XRP’s value.
- Technical indicators show a neutral to slightly bearish market sentiment for XRP.
Increase in Whale Activity for XRP
The number of large XRP transactions exceeding $1 million has reached a new high in recent weeks. A significant increase has been observed particularly since February 24, peaking on March 2.
This development suggests that institutional investors are either accumulating or reallocating their holdings. Such movements can indicate an impending price change. However, whether this represents accumulation or redistribution remains unclear.
Ripple Defends Its Sales Strategy
The rising whale activity coincides with renewed discussions about Ripple’s sales strategy. Critics fear that regular XRP sales dilute the cryptocurrency’s value and pose inflation risks.
David Schwartz, Chief Technology Officer (CTO) of Ripple, dismissed these concerns. He emphasized that the XRP Ledger is protected against uncontrolled inflation. Additionally, he responded to speculation from Pierre Rochard, Vice President of Riot Platforms, who suggested that Ripple might be creating new XRP through its sales mechanisms.
Schwartz compared Ripple’s approach to that of an artist selling early works. He clarified that Ripple is not obligated to artificially support the XRP price. This stance divides the community: while some investors see Ripple’s actions as market-stabilizing, critics accuse the company of prioritizing its own interests over those of investors.
Technical Analysis: XRP Under Pressure
The XRP price is currently at $2.33, having recently declined by 1.98%. The Relative Strength Index (RSI) stands at 45.70, indicating a neutral market sentiment with a slight tendency towards weakness.
You should read that too:
-
Adventure Slots – The Best Adventure-Themed SlotsReading time: ~ 2 minutes
-
Comic Book Slots – Best Comic-Themed Slots
Reading time: ~ 2 minutes
-
Medium Volatility Slots
Reading time: ~ 2 minutes
-
Space Slots – Best Space-Themed Slots
Reading time: ~ 2 minutes
-
High Volatility Slots
Reading time: ~ 2 minutes
The On-Balance Volume (OBV) is at 8.11 billion, suggesting stable liquidity. However, buying pressure remains limited. XRP was unable to hold above the $2.80 mark and is now struggling with resistance at $2.40. The next key support level is at $2.30. A breakdown below this level could trigger further losses, while reclaiming $2.50 would be a bullish signal.
Our Assessment
The increased whale activity shows that institutional investors remain interested in XRP. At the same time, uncertainty about the impact of Ripple’s sales strategy persists.
In the short term, XRP may continue to trade within a narrow range while the market determines a clear direction. Investors should closely monitor price developments and further statements from Ripple to make informed decisions.
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $2.16 |
| 24h % | -7.99 % |
| 7d % | -22.94 % |
| 30d % | -12.56 % |
| 60d % | -6.34 % |
| 1y % | 245.81 % |
| Official Links | Website |
| Socials | X |
Advertising transparency