Since the market correction on October 10, major holders of XRP have significantly increased their positions, accumulating over 4.18 billion XRP. This behavior is viewed by the market as a long-term bullish signal, especially as large wallets continue to maintain a strong buying trend despite price pressures.
Among them, the top whale wallets holding between 100 million and 1 billion XRP have seen their total holdings recently rebound to approximately 8.74 billion XRP, indicating sustained institutional interest in this asset. Although the market price is in a consolidation phase, the accumulation behavior of large addresses suggests that a potential bottom is forming.
As of the time of writing, the price of XRP is stable around $1.40, ending the previous sideways movement after a drop from the $2.20 high. The daily chart shows that the price has repeatedly tested support and resistance in the $1.35 to $1.50 range, forming a clear consolidation zone, with market sentiment becoming calmer and volatility continuing to narrow.
In terms of technical indicators, the Relative Strength Index (RSI) remains around 45, indicating that the market is neither overbought nor oversold, remaining in a neutral zone while waiting for a clear breakout direction. The Chaikin Money Flow (CMF) is slightly negative (around -0.11), reflecting mild short-term outflow pressure, which contrasts subtly with the whales' continued accumulation, possibly indicating that large funds are quietly absorbing the chips sold by retail investors.
Regarding key technical levels, $1.35 is a critical support level that has been defended multiple times recently; if it breaks, it may further test $1.20. The resistance above is at $1.50, and if effectively broken, $1.60 will become the next target. If whale holdings continue to grow and trading volume increases, the likelihood of an upward breakout will significantly rise.