XRP whale accumulation has increased despite the token’s recent price decline, with large holders reportedly purchasing more than 16.46 million XRP over five days. The buying activity comes as the XRP price falls from $1.34 to $1.15, highlighting a contrast between weakening short-term price action and growing accumulation. Meanwhile, crypto analyst ChartNerd maintains a bullish long-term outlook, identifying a potential recovery toward the $5–$8 range.
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XRP Whales Accumulate 16.46 Million Tokens
According to crypto analyst Ali Charts, large XRP holders accumulated more than 16.46 million tokens over the past five days. The purchases occurred while XRP declined from approximately $1.34 to $1.15, suggesting that some large market participants continued buying despite increasing selling pressure.
Source: Ali Charts’ X Post
This accumulation has attracted attention because whale activity can provide insight into how larger holders respond to market corrections. However, buying activity alone does not confirm that XRP has reached a market bottom or that an immediate recovery is approaching.
Also Read: XRP Whales Hit 2026 Accumulation High as XRP Price Eyes Potential Breakout
Whale Buying Activity Draws Market Attention
The contrast between whale accumulation and declining prices has become an important part of the XRP market discussion. While the token experienced a considerable correction, large entities reportedly continued increasing their holdings during the same period.
The reported 16.46 million XRP accumulation suggests that some large holders may consider lower prices an opportunity. However, further confirmation through sustained buying activity and improving price performance would strengthen this interpretation.
Trading volume also provides additional context. XRP recorded approximately $1.54 billion in 24-hour trading volume, indicating continued market participation. Nevertheless, volume alone cannot establish whether buyers or sellers will control the next significant price movement.
XRP Price Tests Key Support as MAs Limit Recovery
XRP’s technical structure remains under pressure following its recent decline. The token is trading near $1.16, with the $1.14–$1.16 region emerging as immediate support. Holding this area could help buyers prevent another decline and attempt a short-term recovery.
The 50-day and 200-day moving averages, positioned near $1.24 and $1.31, respectively, represent potential resistance levels. A sustained move above these indicators could improve the short-term structure, while rejection may extend the existing weakness.
Immediate support remains around $1.14–$1.16, while $1.06 and $0.98 represent potential lower levels if selling pressure increases. On the upside, $1.24 and $1.31 are the first resistance areas, followed by $1.38. These levels will help determine whether XRP can establish a recovery.
ChartNerd Maintains $5–$8 Long-Term Target
Despite the correction, crypto analyst ChartNerd maintains a bullish macro outlook for XRP, identifying a potential trajectory toward $5–$8. The analyst considers the current decline a market reset rather than evidence that the broader bullish structure has ended.
ChartNerd highlighted the $1.50–$1.60 resistance region and the 50-week EMA as important barriers. According to the analyst, these levels have limited XRP’s upside over the past two months and contributed to the recent downward movement.
Source: ChartNerd’s X Post
The analyst also outlined two possible scenarios. XRP could revisit its six-year support trendline and establish another low. Alternatively, it could form a double bottom or higher low while retesting its previous falling-wedge breakout.
However, the $5–$8 projection remains an analyst forecast rather than a confirmed outcome. XRP would first need to reclaim important resistance levels and establish a stronger recovery structure.
What Comes Next for XRP?
XRP’s next move will largely depend on whether buyers defend the $1.14–$1.16 support region. Holding this area could create an opportunity for recovery toward $1.24 and $1.31. A stronger breakout could bring the $1.50–$1.60 resistance region into focus.
Meanwhile, market participants will monitor whether whale accumulation continues. Sustained buying alongside improving price performance could strengthen the recovery outlook. However, a breakdown below immediate support may expose XRP to additional downside pressure.
Also Read: XRP Price Nears Key Support After 25% Drop From October Levels
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Usman Zafar is a News Desk writer at Tronweekly with over five years of experience in cryptocurrency and blockchain journalism. He covers Bitcoin, Ethereum, DeFi, crypto laws and regulation, market activity, Layer 2 scaling solutions, and blockchain-based innovations, focusing on fast-moving developments and official industry updates. Usman previously wrote for BTCread and follows strict verification and editing practices to ensure accurate, timely, and responsible crypto news for a global audience.
