Whales dominate the XRP spot market: they keep buying and accumulating, according to the data.

Whales dominate the XRP spot market: they keep buying and accumulating, according to the data.

Large investors are steadily buying XRP. New ETFs and macroeconomic expectations are reinforcing institutional interest in this highly liquid altcoin.

Recent XRP market behavior shows a clear trend: large investors are buying. According to data published by CryptoQuant, XRP spot trading is dominated by whales—wallets capable of placing large-volume orders. 

According to the platform's analysts, the current average order size and the CVD (Cumulative Volume Delta) indicator point to a sustained accumulation by these actors.

This pattern of massive buying coincides with a context of increased institutional interest, driven by the launch of several XRP-denominated ETFs. Simultaneously, expectations of interest rate cuts by the Federal Reserve have created a more favorable environment for risk assets. Although the XRP rally has not yet established a solid upward trend, the data suggests that a strong foundation is being built. 

Whales drive XRP's recovery amid Bitcoin's fall

CryptoQuant's charts reveal a progressive increase in the average size of XRP spot orders since mid-2024. Orders classified as “Big Whale Orders” They frequently exceed $2,00 per transaction, indicating active participation from large holders. According to analysts, this accumulation has intensified in recent weeks, coinciding with technical movements that suggest a trend reversal.

The Spot Taker CVD indicator, which measures the cumulative volume of buys and sells in the spot market, shows a clear dominance of buys. This reinforces the interpretation that whales are not only present but are leading the demand for the altcoin. Meanwhile, XRP has risen 0,72% in the last 24 hours, remaining above the technical support level of $2,03 per token.

This behavior contrasts with the downward pressure currently facing Bitcoin and other altcoins. Experts argue that while Bitcoin has failed to break above $88.000 per BTC, Part of the capital has been redirected towards assets with less exposure, like XRP. Its profile as “blue-chip” altcoinThat is, high liquidity, institutional presence and a consolidated track record position Ripple's cryptocurrency as an attractive option during times of portfolio rotation.

XRP and ETFs: a new era for institutional investment in cryptocurrencies

The launch of new spot ETFs has been a major catalyst for XRP in recent days. For example, today, November 24, the Franklin Templeton's XRP Trust (XRPZ) It began trading on the stock exchange, with projections of over $30 million in volume on its first day. This debut adds to the Bitwise and Canary Capital ETFs, which grossed $422 million in ticket sales in just six days. In addition to Franklin Templeton, Grayscale is also joining in with its XRP spot ETF.consolidating a robust institutional offering.

ETFs not only facilitate access for new investors but also generate structured demand. By reducing direct selling pressure on tokens, they help stabilize the market. Furthermore, Franklin Templeton has waived the 0,19% fee until May 2026 to encourage early adoption.

On the macroeconomic front, bets on interest rate cuts exceeded 70% following comments from John Williams, a senior Federal Reserve official, about a possible easing of monetary policyThis environment favors risk assets, although confidence remains fragile. CoinMarketCap's Altcoin Seasonal Index holds at 23, indicating that Bitcoin's dominance persists.

However, XRP is currently in a transitional zone. If it manages to hold the support at $2,03, it could attempt to reach the $2,30 to $2,50 range in the coming weeks. However, this scenario also depends on sustained institutional interest and no deterioration in macroeconomic conditions.

XRP price in the last week.
Source: Coingecko

XRP in the sights of top players

The behavior of whales in the XRP spot market is not anecdotal. It reflects an accumulation strategy supported by technical fundamentals, institutional signals, and macroeconomic expectations. Although the crypto market remains volatile, the sustained presence of large buyers suggests that XRP is being considered a strategic asset.

According to experts, this surge doesn't signal a definitive break in the current trend, but it does mark a significant moment to watch closely. The convergence of institutional interest, solid technical support levels, and an economic environment that favors safer investments creates a promising scenario for XRP. However, proceeding with caution and maintaining detailed analysis are essential to effectively navigate these opportunities.