Whales Go Wild: $3.6 Billion XRP Bonanza Sparks Hope for a Price Comeback!

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XRP seems to be having a bit of an identity crisis, down about 1.1% in the last 24 hours. Over the past 30 days, it’s put on a rather unflattering 8.8% loss, making it one of the weakest contenders in the top ten-only Dogecoin is having a worse month. Talk about a rough patch! 😬

But wait! Just when you thought it was time to write the eulogy, a curious shift in whale behavior has surfaced, along with a cheerful bullish signal waving its little flag. If both these phenomena decide to stick around, we might just witness the first real attempt at reversing this downtrend. Back from the brink, perhaps?

Bullish Divergence Returns; Trend Reversal Soon?

From November 4 to December 31, XRP’s price action resembled someone trying to walk up a down escalator-painfully slow and very much on the way down. Lower lows were the name of the game, while the RSI (Relative Strength Index)-that quirky little momentum meter-decided to play the optimistic card with higher lows. This delightful contrast is known as bullish divergence, which suggests that sellers might be losing their grip (or maybe just their resolve). It’s like watching a dramatic soap opera unfold, where the bad guys start to falter!

Interestingly, this same drama played out between November 4 and December 1, leading to a spectacular 12% bounce. Unfortunately, that particular party fizzled out because whale wallets weren’t ready to join the fun. 🐋💸

And here we are again, folks, staring at a familiar pattern but with different conditions surrounding it. Ooh, the suspense!

Whales Add $3.6 Billion In 24 Hours, Unlike Last Time

Last time the whales had their say, they were more interested in selling than buying. During that early December bounce (you remember, right? The one that didn’t go anywhere?), two major groups decided to cash in. The 1 million to 10 million XRP wallets sold off like kids at a yard sale, dropping from 4.35 billion to 3.97 billion XRP between November 30 and December 4. Meanwhile, the 1 billion+ XRP wallets also decided to trim the fat, going from 25.34 billion to 25.16 billion XRP. That selling pressure? A classic trend-blocker!

But lo and behold, a plot twist! This time, those hefty whale wallets have flipped the script.

In a shocking revelation over the last 24 hours, the 1 billion+ XRP wallets have added a staggering amount-zooming up from 25.47 billion to 27.47 billion XRP. That’s roughly 2 billion XRP, which translates to a cool $3.6 billion in value. Cha-ching! 💰

Sure, the smaller whales are still doing a bit of trimming (thank you, 1 million to 10 million group), but the mega whales are dominating the scene with a flair that would make any Hollywood starlet jealous.

This shift! This moment! It’s a pivotal difference compared to November’s attempt. Whales are buying, not selling, and the RSI divergence is strutting its stuff. If this positioning holds, XRP’s price structure may finally have support-both from momentum and supply. Fingers crossed!

XRP Price Levels Decide If The Reversal Holds

However, let’s not get ahead of ourselves. XRP still needs to confirm what the indicators are whispering sweet nothings about. The first sign of a successful reversal would be a clear 12-hour close above $1.92. 🎉

This level acted as a formidable fortress on December 22, rejecting every brave attempt to scale its heights since. Should XRP manage to break through $1.92 with all the conviction of a determined contestant on a game show, the next challenge awaits at $2.02. Conquering that would turn the spotlight onto $2.17 to $2.21-the zone that previously thwarted the comeback at the start of December.

Now, if XRP loses support at $1.77, well, that would send us back to the drawing board. It would suggest that the whales jumped the gun and the divergence is floundering once more. If that happens, we might as well cue the sad trombone sound effect, as the early December outcome could very well repeat itself.

For now, with the divergence, that whopping $3.6 billion in whale buying, and the resurgence of demand across the largest wallets, XRP has a much stronger foundation than during its last attempt. But let’s not forget: confirmation still depends on price, and $1.92 is the line that will determine if this time is actually different. Stay tuned, folks!

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2026-01-01 21:52