XRP Whales Scoop Up 50M Tokens as Price Holds $2.00 and Market Tension Builds

• XRP whales quietly accumulate 50M tokens as price holds firm.
• Market tension rises while XRP trades steadily around the $2.00 level.
• Technical indicators signal compression, hinting at an approaching price move.

Interest around XRP strengthened as on-chain activity revealed aggressive accumulation during a period of price stability, keeping market attention firmly anchored on price behavior. Traders watched closely as XRP held firm near $2.00, even as broader market momentum showed signs of cooling.

According to Ali Charts, whale wallets accumulated over 50M XRP within a single week, signaling notable capital movement.  At prices near $2.05, this activity reflects inflows exceeding $100M, a development closely watched since large holders typically act with longer-term positioning in mind.

Also Read: Bitcoin Overheated? Bloomberg Strategist Warns Gold Signal Could Trigger Sharp Drop

Whales Accumulate While Traders Remain Cautious

Large XRP holders appeared active while retail traders showed restraint, as Ali Charts highlighted accumulation during sideways price action, a pattern often linked to strategic positioning rather than emotional buying.

Support around $2.00 remained intact throughout recent sessions and aligned with the Bollinger mid-band, strengthening its technical relevance while helping keep downside pressure controlled.

However, upside progress remained limited, with resistance near $2.25 and $2.32 capping price advances, as these levels coincided with recent highs and the upper Bollinger Band, requiring stronger buyer conviction for a breakout.

Technical Levels Shape Short-Term Expectations

Trading volume remained moderate, signaling a market waiting for clear direction. Strong breakouts usually arrive with expanding volume, which has yet to appear. Consequently, XRP stayed confined within a tightening price range.

At the same time, price action reflected resilience rather than weakness. XRP continued trading near its 20-day moving average, a level often viewed as short-term equilibrium. Sellers failed to force a decisive breakdown below this area.

Source: Tradingview

Volatility indicators added clarity to the setup, as Bollinger Bands on the daily chart continued to contract, pointing to reduced price movement. This narrowing reflected declining volatility and increasing market tension, conditions that often precede stronger moves.

Momentum indicators supported this view. The Relative Strength Index hovered near 50, cooling from earlier highs without turning bearish. This behavior reinforced consolidation rather than trend reversal as attention remained fixed on $2.00.

Also Read: Anchorage Digital Eyes $200M–$400M Raise as IPO Speculation Builds Across Crypto Sector

The post XRP Whales Scoop Up 50M Tokens as Price Holds $2.00 and Market Tension Builds appeared first on 36Crypto.