XRP Whales Pull in 300 Million Tokens, Adding $24 Billion to Valuation
XRP whales are returning en masse to the market, having amassed over 300 million coins during a period of the coin’s strongest rally of the year.
In an X post, analyst Ali Martinez highlighted the surge in whale activity, noting that whales are aggressively buying. Citing Santiment data, he reported that more than 300 million XRP were acquired in a mere four‑day window.
The accumulation aligns with the cryptocurrency’s recent breakout, propelling the token up roughly 20 % in the last 24 hours and about 39 % over the past seven days, reaching near $1.40 today after starting lower at $0.989 earlier in the week.
Ali Martinez Sees XRP Heading Toward $1.6
Martinez had previously signaled a bullish outlook on XRP earlier this month, pointing to on‑chain metrics suggesting the asset was gearing up for a strong price movement.
On August 9, the analyst noted that nearly 3 billion XRP had changed hands at the token’s prevailing price level, arguing that closing the month above that threshold could open the door to $1.35 and possibly higher.
When asked by a follower what ceiling the token might reach before correcting course, Martinez responded, citing his own analysis of on‑chain flows, that $1.25–$1.35 represents a plausible target following the current surge.
With XRP already breaking above $1.20 and regaining prices unseen since mid‑May, the heightened accumulation provides a solid foundation for further upside.
Among Top Weekly Gainers
The recent whale accumulation coincides with a broader market rebound that has boosted total crypto market cap by roughly $440 billion since August 17.
XRP stands among the primary beneficiaries; its market capitalization has surged by nearly $24 billion in just three days, reaching about $86.8 billion.
The rally has placed XRP among the top weekly gainers, up around 39 % over seven days and more than 20 % yesterday, reflecting its resurgence from a recent low point.
Crossing $1.40 marks a notable technical recovery, as the price had not held above that level for about three months, signaling renewed momentum.
Whale buying in the hundreds of millions now combined with price gains above key psychological support zones ($1.50, $1.80, $2.00) fuels trader optimism, especially as ETF inflows continue to grow.
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