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- Whales added $630M in XRP, pushing prices above $2.85.
- Profit-taking by smaller holders capped upside momentum.
- XRP must clear $3.35 resistance to confirm a bullish breakout.
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After weeks of sluggish price action, on-chain data suggests that XRP may finally be regaining bullish momentum. Massive whale accumulation lifted the token above key resistance, but widespread profit-taking among smaller holders continues to hold back a clean breakout.
Whales Add $630 Million in XRP
On September 3, when XRP traded above $2.85, two whale cohorts significantly increased their holdings. Addresses holding at least 1 billion XRP, and those with between 10 million and 100 million, accumulated more coins. According to Santiment, their combined balances grew by nearly 220 million XRP, worth roughly $630 million at current prices.
This concentrated buying pressure helped XRP break through the $2.85 resistance zone, a level that previously capped upward momentum. Whales effectively acted as market support, “pulling” the price higher with aggressive accumulation.
Profit-Taking Slows the Rally
Despite whale support, smaller investors used the bounce as an opportunity to secure gains. Glassnode data shows that the percent supply in profit jumped from 85.6% to 93.4% between September 1 and 7, triggering widespread selling.
HODL wave analysis confirms this trend: the three-to-six-month band dropped from 9.05% of supply to 6.12%, while one-week to one-month holders fell from 7.68% to 2.61%. This indicates that short- and mid-term investors are selling into strength, limiting XRP’s upside momentum.
XRP Price Levels to Watch
XRP is now trading near $2.88, holding the $2.85 support zone. Key resistance levels lie at $2.94 and $3.10, with a decisive break above $3.35 needed to flip the structure fully bullish.
Also Read: XRP Poised for Explosive 3x–10x Rally: Elliott Wave and Ripple Adoption Drive Gains
Importantly, XRP escaped a descending triangle pattern — a bearish setup that threatened a drop below $2.69. This breakout reduces immediate downside risk, but sustained gains will depend on whether whales keep buying and profit-taking eases.
XRP’s current structure favors cautious optimism. Whales have shown strong conviction, but smaller holders remain sellers. If accumulation continues and selling pressure subsides, XRP could be positioned for a stronger rally toward $3.35 and beyond. Conversely, a drop below $2.69 would invalidate the bullish outlook.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
