- Large investors purchased 30 million XRP tokens, indicating potential confidence in a future price increase despite current market volatility.
- Exchange reserves for XRP decreased by 2.91 percent, reducing immediate selling pressure and supporting price stability in the short term.
On-chain data shows large-scale investors acquired 30 million XRP tokens recently. This whale activity occurred while the price of XRP exhibited volatility. Such accumulation patterns often indicate belief in a potential price increase.
These large purchases can reduce available supply on exchanges. Concurrently, XRP reserves held on exchanges fell by 2.91 percent. The value of these reserves is approximately $10.16 billion. A decrease in exchange reserves typically suggests a reduction in immediate selling pressure.
Market sentiment for XRP, while still negative, has improved from its lowest point. The weighted sentiment metric currently registers at -0.366. This figure indicates that investor perception remains cautious but is recovering. Shifts in sentiment frequently precede price movements in cryptocurrency markets.
Furthermore, the Network Value to Transaction (NVT) ratio for XRP declined by 78.5 percent. This metric compares the network’s market value to its transaction volume. A lower NVT ratio can imply that transactional utility is growing faster than market capitalization. It often points to a network that might be undervalued based on its use. This change adds a layer of fundamental support to the whale accumulation data.
These factors together present a specific market condition. Whale buying and reduced exchange supply may contribute to price stability. The improving sentiment and low NVT ratio provide a quiet vote of confidence from a fundamental perspective. The activity suggests some investors are positioning for a possible recovery.
XRP (Ripple) is trading at $2.88, up 1.05% in the last 24 hours, with a market capitalization of $172.2 billion and a daily trading volume of nearly $5.94 billion.
Ripple has reduced its escrow holdings from $125 million to $50 million, a move seen as an effort to strengthen supply stability and increase market confidence. Optimism around XRP is also fueled by the launch of new ETFs.Â
On September 18, the REX-Osprey XRP ETF debuted with $37.7 million in first-day trading, while on September 22, Grayscale secured approval for its own XRP ETF. Ripple expects at least seven more ETF filings by the end of 2025, potentially widening institutional access.
Speculation has grown around Ripple’s pricing narrative. CEO Brad Garlinghouse recently attracted attention by following 589 accounts on X (Twitter), feeding rumors around a long-discussed $589 XRP price target. Although speculative, this has stirred discussions among traders about long-term valuation.
On the adoption side, Ripple’s stablecoin (RLUSD) was added as an off-ramp for BlackRock’s BUIDL and VanEck’s VBILL tokenized funds, a move that connects XRP more closely with institutional financial products.
