60 Million XRP In 24 Hours: Here’s What Happened

Crypto analyst Ali Martinez stunned the XRP community with a revealing post on X: “Whales bought 60 million XRP in the last 24 hours!” This surge in accumulation by major holders signals a strong vote of confidence in XRP’s future, even as the market experiences short-term volatility. On-chain data confirms that wallets holding between 10 million and 100 million XRP tokens led the charge, capitalizing on the recent dip in XRP’s price . This aggressive buying spree follows a correction from mid-July highs near $3.66, with XRP currently stabilizing around the $3.09 mark. The timing of this accumulation suggests that large investors are positioning ahead of what could be a significant upward shift. Whales Step In During Market Dip The recent market downturn saw XRP shed about 14% from its local high, accompanied by a steep $2.4 billion drop in open interest on futures contracts. This decline in leverage and increased profit-taking triggered liquidations across derivatives markets. But rather than panic selling, whales used the opportunity to accumulate. Whales bought 60 million $XRP in the last 24 hours! pic.twitter.com/i9Nev76FHJ — Ali (@ali_charts) July 29, 2025 Ali’s report is consistent with broader on-chain trends: large wallets are not only buying more XRP but are also transferring less to exchanges. Whale-to-exchange transfers have dropped by over 90% since early July, indicating reduced sell pressure and growing long-term conviction. Technical Outlook: Support Holds, Resistance Ahead Technically, XRP continues to hold above the critical $3.00 level and remains supported by its 20-day exponential moving average (EMA). This base is crucial for any potential rebound. Indicators such as the MACD still reflect lingering bearish momentum, but diminishing exchange inflows point toward stabilizing conditions. Resistance lies near the $3.30 to $3.35 range. A break above this level could open the door to a retest of $3.66. If momentum builds, analysts say XRP could push toward $4 and eventually test $5.90 in the coming weeks. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Policy Tailwinds and Institutional Bets Whale accumulation isn’t happening in isolation. Broader macro developments are fueling the narrative. A new U.S.–EU trade agreement has lifted investor sentiment across risk assets, including crypto. Additionally, two major crypto bills, the Clarity Act and the Genius Act , are gaining traction in Congress, potentially offering much-needed legal certainty for XRP and similar digital assets. Reports also suggest that large investors are opening fresh long positions in XRP, with over $25 million in bets placed ahead of a key White House crypto policy announcement. These positions are targeting a breakout above recent highs, signaling confidence in a more favorable regulatory environment. Final Thoughts The 60 million XRP acquired in just 24 hours, highlighted by Ali Martinez, marks a pivotal moment in XRP’s market structure. It demonstrates growing confidence among institutional and high-net-worth investors, even in the face of short-term corrections. With price stabilizing near $3.09 and whale accumulation on the rise, XRP appears poised for a breakout, if it can clear resistance and sustain momentum amid evolving macro and policy landscapes. For now, the whales are making their move. The question is: will the broader market follow? 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. Follow us on Twitter , Facebook , Telegram , and Google News The post 60 Million XRP In 24 Hours: Here’s What Happened appeared first on Times Tabloid .

Source: TimesTabloid