Whale Accumulation Amidst Price Stability
Interest surrounding XRP has strengthened as on-chain activity revealed aggressive accumulation during a period of price stability, keeping market attention firmly anchored on price behavior. Traders watched closely as XRP held firm near $2.00, even as broader market momentum showed signs of cooling.
According to Ali Charts, whale wallets accumulated over 50 million XRP within a single week, signaling notable capital movement. At prices near $2.05, this activity reflects inflows exceeding $100 million, a development closely watched since large holders typically act with longer-term positioning in mind.
Whales Accumulate While Traders Remain Cautious
Large XRP holders appeared active while retail traders showed restraint, as Ali Charts highlighted accumulation during sideways price action, a pattern often linked to strategic positioning rather than emotional buying.
Support around $2.00 remained intact throughout recent sessions and aligned with the Bollinger mid-band, strengthening its technical relevance while helping keep downside pressure controlled.
However, upside progress remained limited, with resistance near $2.25 and $2.32 capping price advances. These levels coincided with recent highs and the upper Bollinger Band, requiring stronger buyer conviction for a breakout.
Technical Levels Shape Short-Term Expectations
Trading volume remained moderate, signaling a market waiting for clear direction. Strong breakouts usually arrive with expanding volume, which has yet to appear. Consequently, XRP stayed confined within a tightening price range.
At the same time, price action reflected resilience rather than weakness. XRP continued trading near its 20-day moving average, a level often viewed as short-term equilibrium. Sellers failed to force a decisive breakdown below this area.
Volatility indicators added clarity to the setup, as Bollinger Bands on the daily chart continued to contract, pointing to reduced price movement. This narrowing reflected declining volatility and increasing market tension, conditions that often precede stronger moves.
Momentum indicators supported this view. The Relative Strength Index hovered near 50, cooling from earlier highs without turning bearish. This behavior reinforced consolidation rather than trend reversal as attention remained fixed on $2.00.