Key takeaways
Are XRP whales becoming more active?
XRP just recorded 716 whale transfers worth over $1 million, its highest spike in four months.
Are traders positioning themselves for a rebound?
Maybe. Short-term holders accumulate and derivatives remain stable.
Are Ripple (XRP) Traders Ready for a Rebound?
Short-term holders piled in during the recent decline, while XRP saw its highest number of whale trades in four months. With stable derivatives positioning, confidence appears to have settled beneath the surface.
Whale activity increases as STHs buy
XRP recorded 716 whale transfers exceeding $1 million – its busiest day in four months!
Source:
Recent data has shown that these spikes in large transactions come at a time when certain cohorts of short-term holders are increasing their exposure.
Glassnode’s HODL Waves chart showed a clear rise in the 1-3 month and 1 week-1 month bands. This meant that capital was flowing into XRP rather than long-term holders.
Source: Glassnode
Short-term wallets increased their share of supply as whales aggressively returned to the network.
Derivatives remain calm despite the increase
Based on this, the XRP derivatives market showed a particularly muted response.
Aggregate open interest (OI) has remained stable around $1.30 billion over the past week, even as spot volatility has intensified. Funding rates were slightly positive, near 0.0057.
So there is neither aggressive leverage on long positions nor overcrowded short positions.
Source: Coinalyse
Overall, this means that speculative traders were not behind the latest on-chain moves. XRP’s recent activity is led by Spot accumulation.
Price pressures persist
XRP’s daily chart shows that the token is struggling to break above key resistance levels. At press time, all major EMAs (the 20, 50, 100 and 200) were above the spot price.
Source: TradingView
The last candles were around $2.24, showing limited follow-through buying after last week’s brief rebound. Volume has also declined from the sharp rise in early November, so trader confidence is waning.
Meanwhile, the RSI was near 41, keeping XRP in neutral to bearish territory; the momentum remained discreet.
Unless price can reclaim the cluster EMA of $2.36 to $2.50, XRP’s short-term structure could mean continued consolidation or further decline.
