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Large XRP holders have been quietly loading up, and the market is starting to feel it. Over a 96-hour window, whale wallets added roughly 1.54 billion XRP — worth about $2.2 billion at the time — and the token has since climbed 8.22% in three days. Now, on-chain data is pointing to $1.60 as the next major test for that momentum.
The accumulation and the price move line up closely enough to draw attention, but the more interesting story sits in the supply data just above current levels — where a wall of previously transacted XRP could decide how far this run actually goes.
Whale Balances Jumped Fast, Then Held
The buying wasn’t gradual. According to a September 19 update using Santiment data, whale holdings rose from around 8.1 billion XRP to approximately 9.7 billion XRP in just four days. The steepest single jump came between September 16 and September 17, and instead of fading, those elevated balances stuck around through the following two days.
That kind of concentrated buying — especially sustained rather than flipped quickly — tends to get read as conviction rather than a short-term trade. Shortly after, XRP’s price followed with its 8.22% advance.
$1.60 Stands Out as the Next Supply Cluster
Separate data from Glassnode, using UTXO Realized Price Distribution (URPD), shows where large amounts of XRP previously changed hands. The biggest cluster sitting just above the current price zone is around $1.60, representing roughly 2.5 billion XRP in historical transaction volume — the largest such concentration in that immediate range.
Below $1.60, the data shows a comparatively smaller cluster near $1.49. Above it, more clusters appear at $1.68, $1.86, $2.19, and $2.29, with the $1.86 and $2.29 levels each holding more than 2 billion XRP in prior transaction volume.
It’s worth being precise about what URPD actually shows: it maps where XRP last moved, not what holders at those levels intend to do now. A large cluster can act as resistance if holders look to exit near their entry point, or it can get absorbed without much resistance at all. The data flags the level — it doesn’t predict the outcome.
What the Combination Signals
Two separate but measurable trends are now overlapping: a $2.2 billion increase in whale holdings, and an 8.22% price advance in the days that followed. Together, they suggest accumulation may be playing some role in the recent strength, even if correlation alone doesn’t prove causation.
The $1.60 zone is now the level to watch. A clean break through it would put XRP past its nearest major supply cluster, with $1.68, $1.86, and beyond becoming the next reference points on the chart. Failure to clear it, however, could stall momentum right where the historical trading data says the most XRP previously exchanged hands.
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 your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
