Large-scale investors on the XRP network have sharply reduced their activity over the past nine days. During this period, the number of transactions valued at $1 million or more plummeted from 157 to just 67, representing a 57 percent decrease in major transfers. Price momentum mirrored this decline as XRP slid from $1.54 on May 14 to as low as $1.35.
Major investors pull back
XRP experienced five consecutive days of losses, marking the first instance of such a downward streak in nearly two months. Between May 15 and 19, the price fell by approximately 8 percent. Cryptocurrency analyst Ali Martinez reported a significant drop in large transactions—those exceeding $1 million—on the network during this time.
“In the last 9 days, the number of $1 million+ transactions on the XRP network declined from 157 to 67. This 57 percent drop could indicate waning market interest and tightening liquidity from major players,” explained Ali Martinez.
Martinez highlighted that this slowdown in activity signals a decrease in confidence among larger investors. As the price dipped below $1.40, the network continued to see falling volumes in high-value transactions.
Period of consolidation and wallet behavior
According to Martinez, the market has entered a consolidation phase, where so-called “whales” are waiting for prices to settle within a certain range. Volatility has approached its lowest levels in a year, helping to define clear support and resistance zones.
Mini glossary: A consolidation phase in financial markets refers to periods when prices move sideways within a narrow range and volatility wanes. During such times, both buyers and sellers often hesitate, waiting for a breakout in either direction before making decisive moves.
Despite the retreat by whales, some medium-sized investors have started accumulating at lower prices. Wallets holding between 1 million and 10 million XRP increased their combined balance from 3.72 billion to 3.79 billion XRP. Addresses with 100,000 to 1 million XRP saw a rise of about 20 million XRP during the same period.
| Address Group | Starting Balance (XRP) | Ending Balance (XRP) | Difference |
|---|---|---|---|
| 1–10 million XRP | 3.72 billion | 3.79 billion | +70 million |
| 100,000–1 million XRP | 6.31 billion | 6.33 billion | +20 million |
Martinez cautioned that, for now, buying from mid-sized investors has not had a major impact on price trends. A more decisive move may require whales to become active again.
Critical resistance and support levels
Martinez emphasized two key technical levels for XRP: resistance at $1.50 and support at $1.29. If the price manages to hold above $1.50, a rally toward $1.80 could begin. On the other hand, a drop below current levels could see XRP retest the $1.00 support. As of now, XRP is trading near $1.35, with major investor interest remaining subdued.
