On the XRP network, there has been a remarkable slowdown in large-scale transfers over the past nine days. The number of whale transactions exceeding $1 million dropped from 157 to just 67, signaling a 57.3% decline in major activity. This abrupt contraction unfolded while XRP’s price hovered around $1.329 on the Bitstamp exchange, leaving the market trading cautiously near a key support level.
Drop in large transfers
The recent decrease in large-scale XRP transactions suggests that significant investors may be adopting a more reserved stance. Major holders—commonly known as whales—appear to have reduced their trading activity, which can help limit sharp waves of volatility and reflects a broader trend of investors waiting for a clearer direction in the market.
Following the steep drop in transactions exceeding $1 million, these large transfers now contribute less to total trading volume. When whales are less active, markets tend to experience fewer abrupt price swings.
Over the past nine days, large-scale whale activity on the XRP network has noticeably declined, with transactions above $1 million plunging from 157 to 67—a total decrease of 57.3%.
Tracking large-scale transfers can provide insights into whether whales are leaning toward buying or selling. However, a drop in trading volume does not necessarily imply immediate new buying or selling pressure; rather, it points to a notable slowdown specifically in the largest transactions.
Mini glossary: A whale transaction refers to the movement of very large sums in the crypto market, typically initiated by institutional investors or holders of sizable wallets, and these transfers can trigger short-term price swings.
Is the market entering a congestion phase?
The apparent falloff in large transactions may signal that the market is entering a congestion phase. This period is characterized by a lack of aggressive buying or selling, with the price fluctuating in a narrow band. As both buyers and sellers remain on the sidelines in XRP, balance is preserved, resulting in lower volatility.
XRP is currently trading near $1.329. After falling from the $3 to $3.5 range, the coin has yet to decisively break through short-term resistance levels, despite recent attempted rallies. So far, price charts show no strong buying wave, and bullish momentum remains relatively muted.
The $1.36 mark stands out as a technically significant support level, backed by both chart signals and Fibonacci retracement data. The fact that XRP remains just below or near this threshold indicates a notable recovery has yet to materialize.
| Level | Support (USD) | Resistance (USD) |
|---|---|---|
| Key support | 1.36 | 1.50 |
| Secondary zones | 1.20 – 1.25 | 1.75 / 2.07 / 2.29 |
Price levels and technical signals
With XRP trading just above the $1.36 support, $1.50 is emerging as the principal resistance. If daily closes take place above this level, selling pressure is likely to ease, making the $1.75–2.29 range the next target zone.
If XRP cannot maintain the $1.36 support, the next solid support is found between $1.20 and $1.25. Technical indicators show that momentum remains weak—the MACD is still in negative territory, and the RSI stands at 37.65, not yet touching oversold levels.
Upward momentum continues to appear sluggish on the charts. In the short term, investors are closely tracking both whale activity and technical support and resistance levels as they gauge their moves.
