A major accumulation of XRP is taking place, with large investors purchasing roughly 1.54 billion tokens over the past 96 hours. At current prices, this acquisition represents a value of $2.2 billion, marking one of the most significant buy campaigns for the cryptocurrency in the latter half of 2026.
Whale buying sparks optimism for $2 target
Santiment, a blockchain analytics provider, reported that the supply held by key network participants has surged after a period of stagnation. The platform’s charts show a steep rise in the combined balances of so-called ‘whale’ addresses, quickly approaching historical peak levels for XRP ownership.
This surge in activity suggests renewed confidence among major holders, fueling speculation that $2 per coin is once again within reach. The increased concentration of XRP in large wallets coincides with a powerful technical formation spotted on the daily trading chart.
Santiment’s data highlights a sharp reversal in sentiment as leading XRP holders rapidly escalate accumulation, breaking a months-long plateau.
According to chart analysts, XRP has developed an inverse head and shoulders pattern, often seen as a bullish signal in financial markets. The structure is supported by several key price levels emerging over the past week.
Technical pattern and price structure
Market participants have identified a defense zone around $1.33, regarded as the right shoulder base of the formation and an area where large investors have provided significant support. The token is currently stabilizing near $1.40, demonstrating resilience above this level. Meanwhile, resistance remains concentrated at the pattern’s neckline, currently set at $1.55.
Recent on-chain tracking has monitored a substantial inflow of XRP to the Binance exchange, the world’s largest crypto trading platform. Typically, such inflows raise concerns about potential sell-offs; however, the significant demand has quickly absorbed new supply, with many tokens being transferred from exchanges to cold wallets for long-term storage.
This swift withdrawal to cold wallets reduces immediate selling pressure and decreases the likelihood of abrupt price corrections. It also signals a preference among whale investors to hold rather than liquidate their XRP positions in the near term.
The eventual direction of XRP now hinges on its ability to close a daily trading session above the crucial resistance at $1.55. If this threshold is breached and sustained, analysts state that the technical setup would validate the inverse head and shoulders pattern, suggesting a potential move toward the psychological $2 milestone.
Mini dictionary: Santiment, a blockchain data analytics platform, provides real-time insights into cryptocurrency network activity—including supply movements by large holders, known as whales—that help traders and analysts assess market sentiment and underlying trends.
| Price Level | Role in Pattern |
|---|---|
| $1.33 | Defense zone (right shoulder) |
| $1.40 | Current base |
| $1.55 | Main resistance (neckline) |
| $2.00 | Target if confirmed |
