XRP Whales Scoop Up $630 Million, But One Risk Remains

XRP price trades near $2.88 at press time, up about 2% in the past day. The last four weeks were rough; XRP corrected by over 12.5% during that time. Still, the three-month trend is higher (about +26%).

Now, on-chain data suggests that those weak weeks may be coming to an end. Big buyers moved first. But selling by other holders keeps a lid on a clean breakout.

Whales Step In With $630 Million Buying

The clearest bullish move came from whales. On September 3, when XRP traded above $2.85, two large cohorts of holders started to add coins. The first group held at least 1 billion XRP, and the second held between 10 million and 100 million.

XRP Whales Accumulate: Santiment

Since September 3, these groups grew their balances from 23.86 billion to 23.93 billion, and from 7.61 billion to 7.76 billion. At current prices, this added up to roughly $630 million in new holdings.

This buying was a clear push that helped XRP move above the $2.85 area, the level where most of the buying happened.

That level had been stopping the XRP price from moving higher, and whale demand was the likely main reason the price rose again. Think of whales as big hands pulling the price up by adding coins at those levels.

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Profit-Taking Still Blocks Clear Breakout

While whales bought, many other holders sold to lock in gains. Two things show this clearly:

• Percent Supply In Profit: On September 1, about 85.6% of all XRP holders had gains. By September 7, that rose to about 93.4%. When most holders are in profit, many feel tempted to sell.

XRP Price Shows Profit-Taking Risks: Glassnode

• HODL Waves: HODL waves group coins by how long they are held (short, medium, long). If a HODL band shrinks, it means that the group has sold. The three-to-six-month holders decreased from approximately 9.05% of the supply to 6.12%. One-week to one-month holders fell from about 7.68% to 2.61%. That shows short and mid-term holders sold into the bounce.

XRP Holders Keep Selling: Glassnode

This means that whales added big amounts and lifted the XRP price, while many smaller holders sold and slowed the rally. That is why the move up hasn’t been aggressive yet.

XRP Price Levels And Bearish Pattern Breakout

XRP price now trades near $2.88, holding above $2.85 as support. The next resistance levels are $2.94 and $3.10. A clean move past $3.35 would flip the structure fully bullish.

XRP Price Analysis: TradingView

The key shift is in the chart pattern. For weeks, XRP traded inside a descending triangle, a bearish setup where sellers push the price down into flat support. The triangle risked a breakdown under $2.69. Instead, XRP broke out upward, ditching the bearish pattern.

That does not yet make XRP fully bullish — but it does mean the heavy downside risk is gone for now. As long as XRP holds above $2.85 and $2.69, the broader three-month uptrend stays intact. If profit-taking eases, whales may have cleared the way for further upside.

However, if whale buying slows down and profit takers start dumping more, the key support at $2.69 might be at risk. A clean dip under this level could invalidate the short-term bullishness.