XRP Market Activity Overview

XRP’s market activity has seen a noticeable downturn as whale transactions have declined. According to the latest on-chain data, only 240 million XRP moved in the last 24 hours, indicating a significant drop in large-scale transactions. This decline in whale activity raises questions about potential market trends and XRP’s near-term price trajectory.

Historically, high transaction volumes involving XRP whales often correlate with major price swings. However, recent figures show a drastic decline in large movements, suggesting that key market players are sitting on the sidelines. This lack of whale involvement could lead to reduced speculative pressure, leaving XRP’s price action primarily in the hands of retail traders and smaller investors.

Despite the stagnation in whale movements, XRP’s price has remained relatively stable. The broader cryptocurrency market has displayed mixed signals, but XRP Ledger’s market cap has climbed by 6% over the past day, outpacing many other assets. Throughout the past week, XRP has been one of the few positive gainers, with a 9% increase.

In addition, since November 2024, XRP’s price against Bitcoin has surged by an impressive 297%, showcasing strong resilience despite the slowdown in whale transactions. This suggests that XRP’s long-term holders and community support are intact, even with fewer institutional-sized moves.

A critical on-chain metric further supports XRP’s stability: there are now 261 more wallets holding 100,000+ XRP than there were 10 weeks ago. This growth in mid-tier holdings indicates increased confidence from key stakeholders, who may be positioning for future price appreciation.