$XRP 🐋Whales Wake Up as Large Transfers Jump 280% — Can XRP Reclaim $1?
XRP is getting interesting around the $1 level as whale activity suddenly picks up while traders continue adding leverage.
Over the past 24 hours, XRP transactions worth more than $1 million jumped roughly 280%, rising from around 10 transactions to more than 38. That is a big change in whale activity and suggests larger holders are becoming much more active.
But there’s an important detail: whale transfers alone don’t tell us whether these investors are buying or selling. We need to watch where the XRP is going.
At the same time, XRP derivatives activity is increasing. Binance Open Interest has climbed from about $360 million in early August to roughly $461.3 million, the highest level since early July.
The problem is that XRP’s price hasn’t followed the same direction. XRP has fallen toward $0.99 after trading above $1.10 in late July.
This creates a risky situation. More leverage is entering while the price remains weak. If XRP suddenly moves, either higher or lower, those leveraged positions could amplify the move through liquidations.
XRP withdrawals from exchanges have been increasing, with Coinbase showing a significant negative net-wallet change. Binance and Crypto.com have also seen declines in active XRP-related wallet activity.
If these withdrawals represent investors moving XRP away from exchanges for longer-term holding, the available selling supply could gradually decrease.
But we still need confirmation. If XRP continues leaving exchanges while whale activity remains high, that could support the accumulation argument.
For the chart, $1 is still the key psychological level.
A strong reclaim and hold above $1 could improve sentiment and potentially open the door toward higher levels.
But if it keeps getting rejected around $1 while Open Interest remains elevated, volatility and liquidation risk could increase sharply.
Now, the combination of rising whale activity + exchange withdrawals + high leverage makes XRP one of the coins worth watching closely
XRP is getting interesting around the $1 level as whale activity suddenly picks up while traders continue adding leverage.
Over the past 24 hours, XRP transactions worth more than $1 million jumped roughly 280%, rising from around 10 transactions to more than 38. That is a big change in whale activity and suggests larger holders are becoming much more active.
But there’s an important detail: whale transfers alone don’t tell us whether these investors are buying or selling. We need to watch where the XRP is going.
At the same time, XRP derivatives activity is increasing. Binance Open Interest has climbed from about $360 million in early August to roughly $461.3 million, the highest level since early July.
The problem is that XRP’s price hasn’t followed the same direction. XRP has fallen toward $0.99 after trading above $1.10 in late July.
This creates a risky situation. More leverage is entering while the price remains weak. If XRP suddenly moves, either higher or lower, those leveraged positions could amplify the move through liquidations.
XRP withdrawals from exchanges have been increasing, with Coinbase showing a significant negative net-wallet change. Binance and Crypto.com have also seen declines in active XRP-related wallet activity.
If these withdrawals represent investors moving XRP away from exchanges for longer-term holding, the available selling supply could gradually decrease.
But we still need confirmation. If XRP continues leaving exchanges while whale activity remains high, that could support the accumulation argument.
For the chart, $1 is still the key psychological level.
A strong reclaim and hold above $1 could improve sentiment and potentially open the door toward higher levels.
But if it keeps getting rejected around $1 while Open Interest remains elevated, volatility and liquidation risk could increase sharply.
Now, the combination of rising whale activity + exchange withdrawals + high leverage makes XRP one of the coins worth watching closely