ON-CHAIN UPDATE: Whales Are Building $XRP Exposure Near Key Levels.
The recent rebound in $XRP appears to be more than a short-term reaction. On-chain data suggests steady accumulation by larger holders. Whale activity is at a four-month high, with more than 1,300 transactions above $100k. Active addresses have also reached a six-month high.
This shift started after short positions became crowded, leading to a liquidity move from the $2.00 demand area. Since then, larger participants seem to be absorbing supply, which is helping stabilize structure.
The data also aligns with broader fundamentals. ETFs have recorded $1 billion in inflows, and on-ledger stablecoin supply has increased by 164%. Together, this points to growing participation around the $2.80 to $3.00 range.
Verdict: Bullish.