Whale Accumulation Surges—Is XRP About to Break Out?

TL;DR:

•  Large investors have accumulated nearly 40 million XRP over the last week, raising the supply in institutional wallets from 3.72 to 3.80 billion units.
• The asset is currently trading around $1.37, facing immediate resistance at $1.39 following a cumulative 6% drop over the last seven days.
• Indicators such as the TD Sequential have issued a buy signal on the 12-hour chart, suggesting the exhaustion of the current bearish trend.

A massive surge in whale accumulation has been detected within the Ripple ecosystem, challenging the bearish sentiment prevalent in the broader market. Analyst Ali Martinez shared Santiment data this March 22, revealing that whales are capitalizing on price weakness to make strategic moves.

Technically speaking, the 14-day RSI stands at 45.27, placing it in neutral territory without reaching extreme oversold conditions. Furthermore, the price remains below the 50-day Simple Moving Average (SMA) set at $1.44, confirming that short-term momentum remains a challenge for the bulls.

Recovery Signals and Key Technical Levels

While the XRP price retraced from the $1.50 mark, the spike in on-chain activity suggests that high-net-worth investors are anticipating an imminent rebound. This type of accumulation typically precedes breakout movements once retail selling pressure begins to dissipate at critical support levels.

Additionally, the bearish sequence in the TD Sequential indicator has ended, reinforcing the thesis of a local floor near $1.28 – $1.35. However, to confirm a macro trend reversal, XRP would need to reclaim the $1.45 zone with significant volume and eventually approach its 200-day SMA.

In summary, XRP stands at a crossroads where institutional accumulation clashes with technical market resistance. Although momentum indicators suggest caution, the backing from whales provides a solid foundation for a potential recovery toward the end of the quarter.