XRP just posted one of its strongest on-chain signals in months, recording 716 whale transactions over $1 million, the highest spike in four months, according to on-chain analyst Ali Martinez. Large-value transfers often reflect deep-pocket investor repositioning, especially during periods of heightened volatility. But despite this surge in whale engagement, XRP’s price structure remains fragile, with multiple technical indicators signaling caution in the short term.
Whale Activity Hits Four-Month High
The sudden jump in large XRP transactions comes as the asset continues to range between $2.15 and $2.30, following a prolonged downtrend. Historically, elevated whale activity has often preceded major price swings, either as accumulation during oversold conditions or repositioning ahead of deeper moves.
$XRP just recorded 716 whale transactions, each worth more than $1 million. This is the highest count in four months! pic.twitter.com/w6zptU2BLC
— Ali (@ali_charts) November 16, 2025
Ali’s chart shows that the latest spike occurred during XRP’s slide below $2.30, suggesting whales were either buying the dip or reallocating liquidity during the correction.
Technical Landscape Still Weak
Fresh analysis from MakroVision Research paints a more cautious outlook for XRP despite whale interest.
Key support levels:
• $2.16 (0.382 Fibonacci) – tested several times without firm strength
• $2.02 – $1.88 – major horizontal support cluster and deeper retracement zone
A break below $2.16 would increase the probability of a retest toward $2.00 – $1.87, where long-term buyers may attempt to defend the trend.
Key resistance levels:
• $2.48 – the crucial short-term reclaim level
• $2.65 – high-liquidity pocket that could open if momentum recovers
MakroVision notes that the failure to hold above $2.48 after the last bounce confirms continued market weakness.
Indicators Show Early Signs of Stabilization
The TradingView chart adds further context:
MACD:
• Bearish momentum has slowed, with the MACD and signal lines beginning to converge.
• Still no confirmed bullish crossover, but momentum loss suggests sellers are cooling.
RSI:
• RSI has risen from oversold conditions to around 52, signaling modest recovery.
• No overbought risk, leaving room for further upward attempts.
Volume:
• Trading volume remains soft, indicating that neither bulls nor bears have full control.
• A volume expansion is needed to confirm any trend reversal.
Short-Term Outlook
Despite the strong spike in whale activity, XRP is still technically weakened. Analysts agree on the same key trigger:
Only a clean break above $2.48 would signal meaningful short-term relief.
Until then, the risk of a downward extension toward the $2.00 – $1.87 region remains elevated. This zone is viewed by many as the final major support before the medium-term trend weakens significantly.
If whales were accumulating during this latest spike, XRP could attempt to stabilize above the $2.20–$2.30 zone before retesting $2.48. But if whale activity was distribution-driven, volatility may increase as price approaches $2.16 again.
