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XRP broke through consolidation, increasing its holdings of 190 million whales at a weekly increase

2026-08-21 00:53:20
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XRP broke through the consolidation range, and the giant whale increased its holdings by 190 million units a day, with a weekly increase of 22%.

XRP regained its upward momentum after breaking through the two-week consolidation range. Data shows that the accumulation of large households 'wallets has increased significantly, and Internet activities are also very active.

Giant whale holdings and price trend

Cryptocurrency analyst Xaif Crypto pointed out that XRP has ended the recent sideways consolidation stage, and the current price level is expected to rise by another 6.8%. According to CoinCodex data, the digital asset is currently trading at $1.23 and has risen 22.4% in the past week.

A noteworthy development is the surge in holdings of "Giant Whale" wallet addresses with positions ranging from 1 million to 10 million XRPs. Analyst MRCAULIMANN noted that these addresses collectively added about 190 million XRPs in a single day, which may indicate a shift in sentiment among large holders.

Although the increase in holdings of 190 million units was not completed by a single entity, the simultaneous growth in positions of multiple large companies is consistent with the trend of improving XRP price performance and increasing overall market momentum.

XRP has recently broken through from a two-week consolidation, with a weekly price increase of 22.4%. Coupled with the significant increase in the whale's holdings, the market's interest in the asset has been rekindled, and the bulls are targeting a 6.8% room for further growth.

Internet Activities and Decentralized Exchanges

The decentralized blockchain responsible for processing XRP transactions-the XRP Ledger (XRPL) Network continues to show strong vitality. In the past 24 hours, the network has processed approximately 1.89 million transactions and added approximately 2300 addresses.

During the same period, XRPL's built-in decentralized exchange (DEX) had trading volume of nearly $2 million. Despite this, the vast majority of XRP's trading volume is still concentrated on centralized platforms rather than through XRPL DEX.

Key revisions and market outlook

Meanwhile, a proposed major revision to the XRP ledger protocol currently has only the support of 34% of network verifiers, while activating the proposal requires at least 80% approval votes. This support rate is far below the threshold for adoption across the network and may limit some feature upgrades in the short term.

The key technical challenge for XRP bulls is whether they can stay above the pre-trading range that the token has just broken through. Market participants are closely watching whether the rally can continue and push for the expected 6.8% gain.

The growth in large wallet balances, stable daily trading volume and continuous increase in online participation have attracted the attention of traders, and the open interest of XRP derivatives has also surged. Analysts believe that these factors may further support bullish sentiment in the short term.

With nearly 1.9 million transactions in a single day and a significant increase in holdings of giant whales, XRP's continued rebound is being closely watched by market observers.

Overall, driven by increased exposure by large households and strong on-chain data, XRP's technical breakthrough laid the foundation for subsequent bullish markets.

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