XRP whale activity hits all-time high as 7-day price surges nearly 100%

• XRP is up 430% in a month, driven by whale activity and renewed investor confidence following the US election.






• Analysts warn of possible corrections due to circulating supply concerns and profit-taking by whales near price peaks.

XRP is up 430% in the last month, reaching price levels not seen since 2018. The rally gained momentum after the Republican victory in the US elections, which boosted investor confidence in tokens tied to US-based companies such as Ripple Labs, the subsidiary of XRP.

Whale activity has contributed significantly to XRP’s recent price rally. Recently, CryptoQuant data showed that whale transactions have increased, with large transactions occurring on and off exchanges over the past month. This increased activity has been key to XRP’s bullish trend, as evidenced by its prices.

Whales play a crucial role in shaping market trends. The mood on the market can be derived from your trades. Large volume deposits of XRP on exchanges may be an indication of selling pressure, i.e. a bearish scenario. On the other hand, large outflows are often associated with asset accumulation and are therefore bullish.

Market sentiment indicators

According to CryptoQuant analyst Woominkyu, such whale moves usually follow local price spikes. Research shows that high whale-to-exchange transactions typically occur when XRP crosses certain price points.

“Significant spikes in whale-to-exchange transactions have historically accompanied XRP price spikes.” Woominkyu explained. “This pattern suggests that whales tend to sell near local or cyclical highs.”

At the same time, whale activity increased dramatically and the price of XRP was at $2.3. This could be because whales were selling to take profits or because market activity was increasing. Such a move could be a deciding factor for XRP’s short-term price.

XRP outperforms crypto majors

In the last 24 hours, XRP has significantly outperformed other major cryptocurrencies such as Bitcoin, rising by 14%. This huge surge has positioned the token to overtake Solana’s SOL and USDT in terms of market cap. At the time of writing, XRP remains the third largest cryptocurrency by market capitalization.

While XRP’s rally has excited many, some analysts remain cautious. Recently, a market commentator named IncomeSharks asked a question about XRP and the circulating supply as well as the tokens locked in escrow. Currently, 43% of the total XRP supply is locked, leading to some speculation in the market. The analyst described this as a developer-influenced meme coin and noted that this poses a problem for investors.

Historical data from IncomeSharks suggests that the price of XRP has experienced sharp rises and rapid declines. The analyst also expects the same as the current rally could push the price up to $0.60. This would result in a 77% decline from existing levels, reversing the recent rally.

XRP proponents have ignored the warnings, saying that the volatility and price decline are not unique to XRP. Moon Lambo and other analysts have noted that Bitcoin and other investments go through such phases of appreciation and decline.

Technical analyst Credibull contradicted the escrow claims, saying that XRP’s locked tokens would be unlocked gradually, rather than like other meme coins. As Credibull noted, the release mechanism has no impact on market prices due to the transparency of the mechanism.

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