XRP Whale Buying the Dips - Analyzing the Impact on Price Behavior

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The recent price drop of Ripple [XRP] has caught the attention of large investors, and on-chain data shows that whales are accumulating coins in large quantities.

Combined with a neutral MVRV ratio and stable key support levels, these developments suggest that the token may experience a bullish reversal.

Ripple Whale Accumulation Activity in Full Swing

The whale holding distribution chart shows that the balances of large holders of Ripple are steadily increasing. Analysis of wallets holding between 1 million and 100 million XRP indicates that accumulation has increased.

As the XRP price faces downward pressure, this accumulation phase has intensified, reflecting the classic “buying the dips” strategy of major investors.

Historically, whale accumulation during market downturns often signals an imminent price rebound. Large holders tend to strategically position themselves, anticipating significant bullish reversals.

The current trend highlights the growing confidence in XRP's mid- to long-term recovery.

Key Support Levels Provide Stability

As shown in the XRP price chart, the price of Ripple has strong support at $2.32 and is supported by the 50-day moving average at $1.59.

Despite struggling to break through the Fibonacci retracement level of $2.46, the token has managed to maintain its position above key moving averages, reflecting potential bullish sentiment.

Trading volume remains strong, indicating sustained market interest. The combination of whale accumulation and reduced selling pressure enhances XRP's ability to break through current resistance levels, paving the way for a potential rebound.

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