TLDR
- XRP whales accumulated about 1.15 billion tokens within 11 days during a market pullback.
- The XRP price dropped nearly 10 percent after reaching a peak of $1.51 on April 17.
- Wallets holding between 10 million and 100 million XRP added around 420 million tokens.
- Addresses with at least 1 billion XRP increased their holdings by about 720 million tokens.
- Data from Santiment confirmed continued accumulation by large holders.
XRP recorded a sharp pullback after reaching $1.51 on April 17, while large holders increased accumulation. The price has since dropped close to 10% as buying momentum slowed. Data shows that major holders added 1.15 billion XRP during this decline.
XRP Whales Expand Holdings During Price Correction
XRP moved lower after facing resistance at $1.51, and the broader crypto market also weakened. At the same time, large holders increased exposure during the dip.
Whales holding between 10 million and 100 million XRP raised their balances steadily over recent days. Their combined holdings grew from 11.22 billion tokens on April 19 to 11.64 billion tokens.
This increase reflects a purchase of about 420 million XRP within 11 days. The added tokens carry an estimated value of $571 million based on current prices.
Meanwhile, addresses holding at least 1 billion XRP also expanded their balances during the same period. Their holdings rose from 25.51 billion tokens to 26.24 billion tokens.
This change shows an addition of around 720 million XRP in less than two weeks. The value of these acquisitions stands close to $979 million.
Santiment data confirms this accumulation trend and links it to ongoing market activity. The firm stated that “large wallets increased exposure as prices moved lower.”
Market Pressure Persists as Accumulation Continues
XRP price climbed earlier in April as Bitcoin recovered from a $70,000 level on April 12. The token moved from $1.35 to $1.51 within five days.
However, XRP failed to break above $1.51 and reversed direction shortly after reaching that level. The price then declined toward $1.36 as momentum weakened.
Bitcoin also recorded a pullback during the same period, dropping from $79,500 to around $75,400. This movement reflects a 5.2% decrease.
The parallel decline in Bitcoin and XRP aligns with broader market selling pressure. Traders reduced exposure as upward momentum slowed.
Despite this environment, large XRP holders continued to accumulate tokens at lower levels. Their activity contrasts with general market sentiment.
Data suggests that mid-tier whale addresses represent direct buying demand during the dip. In contrast, the largest wallets may reflect exchange or institutional rebalancing.
Santiment explained that “some large addresses often belong to exchanges rather than individual investors.” This detail highlights different roles within whale activity.
At the time of reporting, XRP trades near $1.36 following the recent correction. Whale balances remain elevated after the latest accumulation phase.
