Whales continue to buy XRP: the market is waiting for a possible breakthrough
Date: 2025-08-29 Author: Henry Casey Categories: CRYPTO PAYMENTS
Over the past week, the Ripple token has consolidated around the $3 mark, showing a 3% increase in seven days and more than 35% in three months. Despite calm fluctuations within a day, the long-term dynamics remain upward.
Since mid-August, owners of wallets with a volume of 10 to 100 million XRP have purchased an additional 250 million coins. At the current rate, this corresponds to approximately $750 million. Such actions by whales are often perceived by the market as confidence in the further growth of the asset, because such purchases are made even in conditions of lateral price movement.
At the same time, there is a noticeable decrease in XRP reserves on trading platforms. In three weeks, the total volume of coins on exchanges fell from 3.77 billion to 3.27 billion - a decrease of 13.3%. This figure was the lowest for the year.
Usually, a reduction in reserves indicates that investors prefer to transfer assets to personal wallets rather than keep them on exchanges for a quick sale. This trend reduces supply pressure and often precedes an increase in quotes.
History confirms this pattern: in May-June, a sharp reduction in exchange reserves coincided with an increase in the XRP rate from $2.10 to $2.32 in a matter of days. Thus, the current situation may again act as a catalyst for an upward movement.
For several weeks now, XRP has been fluctuating in a narrow range, and the market is waiting for an attempt to breakout. The first serious resistance is located at $3.01, from where the price has already rolled back down several times.
The main barrier remains at $3.33. If the daily candlestick consolidates above this mark, there will be a real opportunity to reach the historical maximum of $3.65.
However, an alternative scenario remains. If the price falls below $2.72, the bullish sentiment will be broken, and the token risks updating local minimums.
A combination of factors - aggressive purchases by whales and a drop in stocks on exchanges - creates conditions for a possible acceleration of the upward trend. At the same time, much will depend on the ability of XRP to overcome the nearest resistance zones.
For investors, the key points remain $3.01 and $3.33: a breakout of the latter level may mark the beginning of a new stage of growth, and a fall below $2.72, on the contrary, will open the way to a decline.
