Bought a few months ago, the big whales holding XRP are suddenly frozen at the number 3.9 billion 🐋
📢 ⏰ 消息群里第一时间说
The XRP price has been stuck between $1.48 and $1.51 for an entire stretch. On-chain tracking shows that its largest batch of holders has a total balance of 3.9 billion XRP, and they haven’t moved—at all. And while the big players remain on standby, an exchange-listed transaction worth more than $1 billion is counting down. On October 8, a company expected to hold about 473 million XRP will list on Nasdaq. On one side, buy orders pause; on the other, huge lots of chips are lining up to enter—this picture feels a bit subtle 🦖
First, let’s lay out the numbers clearly. These 3.9 billion XRP are the combined holdings of the tracked top addresses. And in the previous months, this group collectively moved hundreds of millions of XRP into wallets—one of the main forces behind XRP’s rise. Now that they stop, the price slips into the resistance zone of $1.52 to $1.54. On the 4-hour chart, it’s forming a continuously tightening symmetrical triangle, with volatility shrinking in sync. Based on technical projections: as long as one 4-hour candlestick closes above $1.53, upside space could open up—first target $1.62, then potentially $1.70. On the flip side, if it’s rejected at this doorway, $1.46 is a clear support level.
Even more worth pondering is that listing timeline. Evernorth’s shareholder vote for the shell merger of Armada Acquisition Corp II has already passed. The deal is expected to close on October 7, and on October 8 it will begin trading on Nasdaq under the code XRPN. At that time, it’s expected to hold about 473 million XRP. The entire transaction, along with the accompanying private placement financing, is expected to exceed $1 billion.
My take: big whales pausing doesn’t mean big whales are selling. Looking longer-term, their costs have already been averaged down to lower levels over these past few months. While they move sideways and do nothing, it feels more like they’re waiting for a clearer signal—not turning around to exit. The real change is where the chips belong: from big players in the secondary market, slowly flowing toward a listed company with public financials and obligations to shareholders.
Translated plainly: if Evernorth lists successfully, XRP gains another institutional “buy-and-hold” template. Companies like this often buy more the further prices drop and get more reluctant to sell the further prices rise. In other words, it adds a layer of stickiness to the order book. But there’s also risk: the listed company’s buying is driven by announcements—on a schedule. It won’t rush in for you at the $1.53 doorway. So what you really need to watch next is these two days: October 7 to 8—when the deal closes, the code goes live, and that 4-hour candlestick: who gives the direction first ⚠️
Do you think XRP can break above $1.53 this time, or will it get pushed back at the doorway again? Chat in the comments
Click the profile picture to watch the live stream
Every day, I’ll help you track XRP and on-chain “chip” hotspots—not just what happens in the news, but how to understand the logic and the opportunities behind it 👀🚀
📢 ⏰ 消息群里第一时间说
The XRP price has been stuck between $1.48 and $1.51 for an entire stretch. On-chain tracking shows that its largest batch of holders has a total balance of 3.9 billion XRP, and they haven’t moved—at all. And while the big players remain on standby, an exchange-listed transaction worth more than $1 billion is counting down. On October 8, a company expected to hold about 473 million XRP will list on Nasdaq. On one side, buy orders pause; on the other, huge lots of chips are lining up to enter—this picture feels a bit subtle 🦖
First, let’s lay out the numbers clearly. These 3.9 billion XRP are the combined holdings of the tracked top addresses. And in the previous months, this group collectively moved hundreds of millions of XRP into wallets—one of the main forces behind XRP’s rise. Now that they stop, the price slips into the resistance zone of $1.52 to $1.54. On the 4-hour chart, it’s forming a continuously tightening symmetrical triangle, with volatility shrinking in sync. Based on technical projections: as long as one 4-hour candlestick closes above $1.53, upside space could open up—first target $1.62, then potentially $1.70. On the flip side, if it’s rejected at this doorway, $1.46 is a clear support level.
Even more worth pondering is that listing timeline. Evernorth’s shareholder vote for the shell merger of Armada Acquisition Corp II has already passed. The deal is expected to close on October 7, and on October 8 it will begin trading on Nasdaq under the code XRPN. At that time, it’s expected to hold about 473 million XRP. The entire transaction, along with the accompanying private placement financing, is expected to exceed $1 billion.
My take: big whales pausing doesn’t mean big whales are selling. Looking longer-term, their costs have already been averaged down to lower levels over these past few months. While they move sideways and do nothing, it feels more like they’re waiting for a clearer signal—not turning around to exit. The real change is where the chips belong: from big players in the secondary market, slowly flowing toward a listed company with public financials and obligations to shareholders.
Translated plainly: if Evernorth lists successfully, XRP gains another institutional “buy-and-hold” template. Companies like this often buy more the further prices drop and get more reluctant to sell the further prices rise. In other words, it adds a layer of stickiness to the order book. But there’s also risk: the listed company’s buying is driven by announcements—on a schedule. It won’t rush in for you at the $1.53 doorway. So what you really need to watch next is these two days: October 7 to 8—when the deal closes, the code goes live, and that 4-hour candlestick: who gives the direction first ⚠️
Do you think XRP can break above $1.53 this time, or will it get pushed back at the doorway again? Chat in the comments
Click the profile picture to watch the live stream
Every day, I’ll help you track XRP and on-chain “chip” hotspots—not just what happens in the news, but how to understand the logic and the opportunities behind it 👀🚀
