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XRP Sudden changes in the XRP market: In-depth analysis of recent giant whale trends
Recently, the XRP market has witnessed significant activity in large crypto wallets. Cryptocurrency analyst Ali Martinez cited Santiment's data as pointing out that major currency holders have increased their holdings of approximately 1.54 billion XRP tokens in just 96 hours, and this accumulation is valued at approximately US$2.2 billion. During this period, XRP prices experienced a narrower range of fluctuations after a round of rebound attempts.
Can XRP maintain the momentum of price recovery?
The price of XRP had previously climbed from the US$1.24 to US$1.26 range, breaking through the US$1.40 mark. A two-hour chart on September 19 showed prices rising from nearly $1.27 to $1.43, showing signs of short-term recovery and forming higher lows. However, the $1.45 to $1.50 area is still considered a strong supply area (resistance level).
Subsequently, the price fell back to the US$1.37 to US$1.39 range, making US$1.40 a key price in the short term. As of September 20, XRP was trading at approximately $1.41, below the previous test range of $1.44 to $1.45.
Ali Martinez said: "Large wallets accumulated approximately 1.54 billion XRPs in just 96 hours, bringing the total observed balance to 9.81 billion."
Do increased holdings and exchange inflows point to different signals?
On-chain data reveals another noteworthy aspect, namely inflows to Binance. According to CryptoQuant, approximately 1.6 billion XRPs have been transferred to Binance in the past 30 days, setting a record since March. By observing and analyzing blockchain data, CryptoQuant continues to track major wallet movements and exchange capital flows.
When discussing exchanges,"exchange inflow" refers to the act of transferring crypto assets from a person's wallet to a trading platform. While this may imply an intention to sell, it may also be the need for liquidity management, collateral use or portfolio adjustment.
Despite the huge increase in holdings in large wallets, the exchange's inflow data is not fully synchronized. Large investors increased their holdings, while the amount of U.S. dollars transferred to trading platforms also increased. Taken together, these indicators indicate increased market activity, but they do not clearly point to a single price direction.
- Giant whale holdings: A total of 1.54 billion XRPs were collected within 4 days.
- Record inflow: 1.6 billion XRPs have entered Binance in the past 30 days.
- Historical high: This inflow into Binance is the most significant since March.
On the technical chart, the US$1.45 to US$1.50 area appears to be the main resistance area, and analysts view it as a supply area on the two-hour chart. If prices stabilize above $1.50, the next focus of attention may shift to the $1.56 to $1.58 range.
在下行风险方面，分析师观察到1.36美元至1.39美元区间为第一支撑区。其下方是1.27美元至1.30美元区间，而1.24美元至1.26美元区域则充当结构性支撑。短期和长期移动平均线均显示，价格仍位于关键参考水平之上。
Ali Martinez还指出，日线图上出现了“头肩底”形态，颈线位于1.55美元附近。虽然这在技术上具备可能性，但大量XRP流向Binance的迹象表明，短期内市场供应量可能会增加。
