TLDR

Whales accumulated over 130 million XRP as the price dropped toward the $3.00 support level.
The accumulation coincided with the launch of a $20 million XRP treasury program by Nature’s Miracle.
XRP price tested the $3.21 resistance but retraced after failing to break through it.
Technical analysis suggests XRP completed a wave 2 correction near the 0.854 Fibonacci retracement level.
Analysts expect a potential wave 3 rally, with a target price of $3.82 based on Fibonacci extensions.

Whales accumulated over 130 million XRP during a sharp price dip, signaling strong interest in the token’s rebound. This buying activity emerged as the XRP price approached the $3.00 support level. Meanwhile, if momentum continues building, analysts anticipate a breakout toward the $3.82 mark.

Whales Accumulate as XRP Price Holds Above Key Support

Large holders increased their balances as XRP fell, with wallets holding between 10 and 100 million XRP leading the charge. According to blockchain data, these whales bought aggressively within 24 hours as XRP price dipped near the $3.00 level. The coordinated accumulation suggests confidence in XRP’s upward potential.

Whales bought the dip, scooping up over 130 million $XRP in the past 24 hours! pic.twitter.com/JQJVc757UZ

— Ali (@ali_charts) July 25, 2025

Moreover, this activity aligns with Nature’s Miracle’s recent launch of a $20 million XRP treasury program. The announcement bolstered market sentiment and coincided with the buying spree, further preventing the price from falling below a crucial threshold.

While the XRP price touched $3.21 resistance, it failed to hold and retraced back to $3.00. Market analyst CasiTrades stated XRP completed a wave 2 correction. This correction reached the 0.854 Fibonacci retracement level, often considered a strong bounce area in technical analysis.

XRP Price Targets $3.82 After Key Fibonacci Setup

If XRP price maintains above the $3.00 support, analysts anticipate a wave 3 rally toward $3.82. This level matches the 2.618 Fibonacci extension, commonly used to predict continuation targets. Moreover, the $3.82 target reflects a previously cited all-time high.

CasiTrades noted this alignment could enhance market confidence in a bullish breakout scenario. A sustained rebound may reinforce the current uptrend, encouraging more accumulation. However, a breakdown below $3.00 may delay the rally and reset expectations.

🚨 XRP Tests Critical $3 Support: Is Wave 3 About to Begin? 🚨

Unfortunately, $XRP could not hold the $3.21 resistance, and ultimately has come back down to backtest the $3.00 major support.

What’s promising is that we have not made a new low. Instead, it appears to have… pic.twitter.com/bVD3HAwRBN

— CasiTrades 🔥 (@CasiTrades) July 25, 2025

Despite technical strength, derivatives data points to reduced market activity. Coinglass reported a 37.07% drop in trading volume, now at $15.43 billion. Open interest also declined by 5.77%, reaching $8.87 billion across exchanges.

Market Sentiment Mixed Despite Bullish Whale Activity

Options volume and open interest dropped over 75% and 95%, respectively, reflecting low speculative positioning. Still, long positions dominated key platforms, showing bullish trader bias. On Binance, XRP long/short ratio stood at 2.82, with OKX posting a similar 2.08 reading.

This data shows experienced traders favor an upside move, though broader activity has cooled. Meanwhile, the global long/short ratio stood at 0.908, suggesting balanced sentiment. However, bullish momentum may resume if current support holds.

XRP price currently trades at $3.14, down 1.41% in the last 24 hours. Ripple co-founder Chris Larsen reportedly transferred $175 million XRP to exchanges. This action likely contributed to the recent XRP price drop.

The post XRP Price Stable at $3.00 as Whales Accumulate Over 130 Million Coins appeared first on CoinCentral.

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Filed under: News - @ July 26, 2025 5:31 pm