XRP Whales Move Over $1.3 Billion in Hours as Market Heats Up

The cryptocurrency market is witnessing a surge in whale activity, with XRP leading the charge. According to Whale Alert data, more than 1.3 billion XRP tokens were transferred within just eight hours, signaling a sharp increase in institutional-scale transactions. These movements included a staggering 700 million XRP being locked in escrow between unidentified wallets and two separate transactions totaling 500 million XRP each. Such large-scale transfers often precede heightened market volatility, as liquidity shifts and whale rebalancing typically anticipate significant price movements.

This wave of activity comes during what traders are calling a stronger-than-expected “Uptober,” with bullish sentiment spreading across major digital assets. Dogecoin (DOGE) has entered breakout mode, while Shiba Inu (SHIB) faces pressure after a reported 99% drop in Shibarium transactions. Meanwhile, Bitcoin has reclaimed the $120,000 mark, reigniting discussions about the possibility of reaching a new all-time high.

For XRP, the timing of whale accumulation is critical. The token recently broke above the 50 EMA, 100 EMA, and 200 EMA on the four-hour chart, marking a strong shift in technical sentiment. At the time of writing, XRP is trading around $2.98, with the next major resistance level situated between $3.00 and $3.05—a descending trendline that has capped upward movement for weeks. Analysts suggest that if whales continue to rotate and accumulate, XRP could break through this barrier and potentially enter a prolonged recovery phase.

Adding fuel to the optimism, CME Group has announced plans to expand 24/7 trading for futures contracts tied to XRP, Solana (SOL), Bitcoin (BTC), and other leading cryptocurrencies. Coupled with the growing speculation around a possible XRP ETF following a $19 million fundraising event, the market appears primed for increased momentum.

With whale-driven liquidity shifts, bullish technicals, and institutional interest converging, XRP’s latest rally could set the stage for its next major breakout.