- XRP whales accumulated $915 million in a week, while new user growth hit a two-month low.
- Technicals show mild bullish momentum, but low trading volume could stall any major rebound.
While retail traders step back, Ripple’s [XRP] largest holders are stepping in.
In just one week, whale wallets have accumulated over $915 million worth of XRP, one of the most aggressive buying streaks in recent months.
Meanwhile, new user activity has dropped to a two-month low, highlighting growing fatigue among retail participants.
Are these whales anticipating a major move on the horizon—or simply taking a high-stakes risk?
While the crowds wait, whales act
XRP whales appear unfazed by recent market turbulence.
Over the past week, wallets holding between 10 million and 100 million XRP added more than 420 million tokens, worth over $915 million, despite prices dipping to a local low.
Source: Santiment
Whale accumulation spiked even as price slumped, so the possibility of strategic positioning ahead of a potential rebound isn’t far off.
Is XRP becoming less attractive to newcomers?
While whales ramp up their holdings, retail participation is heading in the opposite direction.
According to Glassnode data, the number of new XRP addresses dropped sharply last week, hitting its lowest level since mid-April.
Source: Glassnode
The metric, often viewed as a proxy for fresh capital inflow and user interest, has declined nearly 20% from its June peak.
This suggests a growing divergence between institutional conviction and broader market sentiment.
Without a rebound in user growth, XRP’s long-term momentum may struggle to sustain itself… regardless of how bullish the whales appear.
Momentum shows signs of life, but volume is the missing piece
Technical indicators show cautious momentum.
Source: TradingView
At press time, the Chaikin Money Flow stood at +0.11, indicating mild buying pressure—likely fueled by whale accumulation.
However, the Relative Volume (RVOL) remained low at 0.15, well below the 1.0 level typically seen ahead of major breakouts.
While XRP has held steady near $2.19, it hasn’t yet drawn the strong trading activity needed to ignite a sustained rally.
The groundwork for a rebound may be in place, but without a notable increase in volume, momentum could fade before it gains traction.
