XRP, the cryptocurrency of a global payment company, Ripple, recorded an insignificant loss of 0.02% during Friday’s U.S. market session. Despite the broader market recovery, with Bitcoin heading for a $100k breakout, XRP’s neutral candle signals market uncertainty. However, recent on-chain data shows that whales defy price consolidation and continue accumulating more for the potential surge.
According to CoinGecko, XRP’s market cap is $129.2 billion, while the 24-hour trading volume is $2.14 billion.
Whale Accumulation Hits 900M XRP in April
In April 2025, the XRP price witnessed a significant spike in volatility as diplomatic tensions between the United States and other countries escalated. As a result, the coin price dipped to a temporary low of $1.61 before rebounding to $2.2 — a 3% monthly gain.
While the price fluctuation and low gain must have concerned retail investors, the on-chain data shows strong accumulation from whales. According to data shared by market analyst Ali Martinez, crypto whales have accumulated approximately 900 million XRP tokens over the past month.
This buying spree could signal expectations of a bullish breakout or, at the very least, a strong belief in XRP’s long-term utility and value proposition in cross-border finance. Whale accumulation has historically bolstered the crypto assets’ rebound and recovery potential.
XRP Price at a Major Crossroad
In the last three weeks, the XRP price showed a steady recovery with higher highs and higher lows forming in the daily chart. The upswing supported buyers to reclaim daily exponential moving averages (20, 50, 100, and 200) as a signal for renewed recovery, but the declining volume hints at unsustainability.
The average directional index (ADX) at 12% with a downtick accentuates that the price lacks strong momentum. Currently, the XRP price is just 5.8% away from the resistance trendline of the bull flag pattern.
The previous reversal from this resistance has plunged the price to 46-48%. If sellers continued to defend this overhead resistance, the Ripple cryptocurrency could enter another reversal and aim for a $1.75 breakdown.
However, the aforementioned whale accumulation could allow the price to defend the $2 support and rechallenge the flag resistance. This breakout is key for the XRP price to return on a bullish track.
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