XRP whales have been consistently increasing their holdings of the cryptocurrency in recent weeks, demonstrating growing confidence in the digital asset's future. This accumulation trend, combined with the appearance of new bullish technical indicators, points to a potential positive shift in XRP’s market dynamics. For whatever reason, these large holders have deposited over 880 million XRP coins into their wallets in just the last month. As a result, the total value held by XRP grandees’ wallets now stands at almost 7.75bn XRP.

Whale Accumulation Trends

Ever since early muestw 2025 XRP whale holdings have been rising consistently. On average, these wallets hold 10-100 million XRP each. These large holders continue to accumulate XRP on the regular. This indicates that they are quite confident in the cryptocurrency’s long-term value. The surge in XRP holdings among whales indicates a strengthening belief in the digital asset’s potential.

XRP’s price has been incredibly strong as of late. It has consistently maintained itself in a narrow band between $2.10 and $2.25, with a strong rebound from the $2.13 floor. As of the end of business May 8, XRP’s price was $2.21 – representative of gains off other recent dips in the past month. This price stability, coupled with the ongoing accumulation by whales, creates an image of increasing market confidence.

Technical Indicators Point to Bullish Momentum

Apart from whale accumulation, technical indicators for XRP are currently screaming bullish momentum as well. The MACD (Moving Average Convergence Divergence) of XRP is on the verge of a potential bullish crossover. This move is an omen of a bigger change in the tides. The RSI (Relative Strength Index) of XRP has increased from below 40 to over 58. This uptick continues to support bullish sentiment for the digital currency.

The uptick in RSI confirms that momentum is developing, which can be a sign that the market is shifting towards more buying pressure. These technicals do add up to support the thought that XRP could be ready for continued price growth.

Market Outlook

Number of XRP whales vs. price of XRP Two important trends have emerged. Whales have been piling into XRP lately, showing renewed confidence in the digital asset’s future. The recent movement of XRP whales, in conjunction with positive technical indicators, indicates a budding bullish sentiment for the cryptocurrency moving forward.