A Whale Drops 396K & 502K XRP Limit Orders Back-to-Back. What Does He Know?

A massive XRP accumulation move is raising eyebrows across the crypto market. As shared by crypto analyst Xaif, an anonymous whale recently executed two consecutive limit buy orders, 396,000 XRP followed swiftly by 502,000 XRP, injecting over $1.7 million into the asset

This strategic move came just days after the same trader reportedly secured $275,000 in profits. The timing and size of the trade have sparked one pressing question: What does he know?

XRP Price Action: Hovering at a Critical Level

As of report time, XRP is trading at approximately $2.94, reflecting a mild daily pullback from intraday highs of $3.08 and lows of $2.91. Over the past week, the token has ranged between $2.83 and $3.11, battling resistance at the upper band while maintaining relatively firm support around $2.90–$2.95.

Technical indicators present a mixed outlook. Short-term signals show slight bearish momentum, while long-term trends suggest underlying strength. The 14-day RSI hovers in the neutral zone, and moving averages offer no clear directional bias. A break above the $3.05–$3.10 resistance zone could open the door to further upside, but failure to hold above $2.90 risks a pullback to deeper support.

Whale Strategy: Establishing Strong Support?

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The timing and size of the whale’s limit orders suggest calculated accumulation rather than reactive buying. Placing nearly a million XRP in buy orders just below $3.00 indicates confidence that this price zone will act as a solid base, possibly ahead of an anticipated rally.

This strategy mirrors behavior seen in previous bull cycles where whales begin absorbing liquidity at key levels, positioning themselves before retail demand accelerates. Xaif’s update suggests this whale may be front-running a major move or acting on knowledge not yet priced in by the broader market.

What Could Be Driving This Confidence?

Several key developments may be fueling this optimism. Most notably, the August 15 SEC status update on Ripple’s legal battle looms large. If positive, the resolution could significantly clear XRP’s regulatory overhang, unlocking broader institutional participation.

Additionally, Ripple’s growing ecosystem, bolstered by the rollout of RLUSD, tokenized treasury initiatives, and the XRPL EVM sidechain, continues to add real-world utility to the XRP Ledger. There’s also speculation surrounding an XRP spot ETF approval, with deadlines like October 17 drawing closer.

Large inflows into XRP-focused investment products, alongside record accumulation by wallets holding over 1 million XRP, further support the bullish narrative. Whale wallet activity has surged recently, indicating growing conviction among major holders.

Risks Remain: Can XRP Hold the Line?

Despite bullish signs, XRP isn’t without risks. Should price fail to hold above the $2.90 threshold, bears could regain control, pushing price toward $2.87 or lower. Technical indicators such as the MACD and ADX on the daily chart show signs of weakening momentum. A breakdown here could shake short-term confidence and invalidate the whale’s positioning, at least temporarily.

A High-Stakes Bet Worth Watching

The back-to-back whale orders of 396K and 502K XRP, especially after realizing hefty profits, indicate a calculated bet that this is not the top but the foundation for another leg up. Whether based on legal, technical, or fundamental expectations, the move has placed a spotlight on the $2.90–$3.00 range as XRP’s current battleground.

For traders and long-term holders alike, the message is clear: something significant may be unfolding beneath the surface. If the whale is right, these orders could mark the beginning of XRP’s next major breakout. If not, they may signal misplaced optimism ahead of incoming volatility. Either way, the market is watching.

Disclaimer***:*** This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.