While most traders spent the last two weeks sweating over red charts, the whales were busy shopping. Santiment’s data confirmed that large holders snapped up 340 million XRP, a jaw-dropping $962 million worth, while prices hovered near $2.83.
Instead of panicking, these deep-pocketed buyers treated the pullback as a clearance sale. Their strategy? Load up quietly now, and let the market do the heavy lifting later.
Meanwhile, Spot traders weren’t left behind. CoinGlass tracked more than $268 million flowing out of exchanges over ten days, suggesting investors are tucking their coins safely away instead of dumping them back into circulation. That kind of exit usually shrinks available supply and adds fuel for the next move higher.
Derivatives market tilts bullish
The derivatives market has been buzzing too. Over the past day, Funding Rates for XRP turned positive at 0.0075%, meaning long traders are literally paying to keep their bullish positions open. This kind of behavior often signals conviction that the market’s next leg points upward.
Backing this up, Open Interest surged to around $8.02 billion in the past 24 hours. On its own, OI only shows increased capital flow, but combined with rising Funding Rates, it strongly hints that long traders have taken control of the battlefield.
Chart setup hints at explosive breakout
Zooming out to the daily chart, XRP has been winding tightly into a descending triangle with support locked near $2.80. These kinds of structures often end with fireworks once the price decides on a direction.
If bulls manage to defend support and push price action above the resistance zone, XRP could springboard into a breakout run. Technical projections suggest that a clean break could carry the coin as high as the $4 level, an area not seen in years.
What’s next for XRP?
For now, everything hinges on whether buyers can keep pressure high while supply drains from exchanges. With whales loading up and derivatives traders backing them, the setup leans bullish.
If momentum continues building, XRP doesn’t just have a shot at $4, it could become one of the most-watched plays in the entire altcoin market over the coming weeks.
