- Whale Alert tracks massive XRP transfer as whale holdings continue increasing steadily
- XRP whales control majority supply while investors monitor long-term accumulation patterns
- XRP technical indicators weaken as sellers defend resistance near crucial price levels
Whale Alert detected a transfer of more than 73 million XRP between anonymous wallets on Thursday, as large holders continued increasing their positions despite weakening market momentum. The transaction carried an estimated value of $100.3 million and immediately attracted trader interest across the crypto market.
According to Whale Alert, the transfer moved 73,179,900 XRP between two unidentified addresses within the last 24 hours. Large transactions involving unknown wallets often trigger speculation because traders closely monitor whale activity for possible market signals.
Besides the latest transfer, blockchain data also showed continued accumulation among XRP whales. Wallets holding at least 10 million XRP have steadily expanded their balances during recent months. Consequently, investors continue evaluating whether institutional players are positioning for a larger long-term move.
Santiment previously reported that wallets containing at least 10 million XRP collectively held 45.83 billion tokens in mid-May. Those holdings carried an estimated value of $68.5 billion at prevailing market prices. Moreover, the figure represented the highest whale accumulation level recorded since May 2018.
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XRP Technical Structure Shows Declining Strength
XRP’s latest daily chart also reflected weakening momentum despite aggressive whale accumulation. XRP traded near $1.36 on Bitstamp during the latest session, while the Relative Strength Index dropped to 42.80. The RSI also moved below its moving average near 51.69, signaling fading buying strength.
Additionally, XRP continued trading beneath the middle Bollinger Band positioned around $1.41. That structure suggested sellers maintained short-term market control during recent trading sessions. Buyers also failed to reclaim resistance near the upper Bollinger Band around $1.48. Moreover, recent candle formations highlighted growing selling pressure following XRP’s unsuccessful attempt to sustain gains above the $1.45 region earlier this month.
Source: Tradingview
However, XRP still held above the lower Bollinger Band near $1.34, which currently serves as immediate support. A stronger breakdown below that zone could increase downside pressure during upcoming sessions. Meanwhile, a recovery above the middle Bollinger Band may improve bullish momentum and strengthen buyer confidence.
The latest $100 million XRP whale transfer has intensified market focus on large holder activity as accumulation levels continue rising. However, weakening technical indicators suggest XRP still faces near-term pressure despite growing long-term confidence from major investors.
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