Whale Investor Buys More XRP on Bullish Ripple Outlook

Jakarta, Pintu News – The XRP (XRP) community remains optimistic and supportive of the Ripple ecosystem amidst crypto market uncertainty in the medium term.

Citing a Coingape report, analysis of on-chain data shows that Ripple whales have increased purchases of XRP coins over the past two weeks, although fears of a possible further crypto market decline are still palpable.

XRP Whale Buys as the Price Falls

According to Santiment‘s analysis of on-chain data, Ripple whales – account holders with balances between 10 million and 100 million XRP – continue to show confidence in XRP’s bullish long-term prospects.

Read also: Ripple (XRP) in September: Bullish Breakout or Bearish Pullback?

In the past two weeks, this group of investors has bought about 340 million Ripple coins, so they now hold about 7.84 billion XRP coins.

Meanwhile, CryptoQuant’s on-chain analysis also shows that XRP wallets with balances of at least 100K coins also made purchases during the recent market price drop. This demand for XRP in the spot market coincided with a surge in trading volumes in its futures market.

Earlier this week, CME Group reported that their XRP futures had crossed the $1 billion mark, making it the fastest growing futures contract in the category in just over three months.

Corporate Investors Start Joining Ripple

Demand for XRP has also increased from corporate circles, following the regulatory clarity that Ripple has gained in the United States. Earlier this month, the US Court of Appeals approved the joint dismissal of the appeal filed by the Securities and Exchange Commission (SEC) and Ripple Labs.

In addition, earlier this week, Japanese gaming giant Gumi announced its plans to buy XRP for 2.5 billion Japanese yen, or about $17 million, as part of the company’s cash management strategy.

Meanwhile, on Saturday, the company Hyperscale Data (NYSE: GPUS) announced its plans to raise up to $125 million through the sale of common stock, which will be used to purchase Bitcoin (BTC) and Ripple coins.

Enthusiasm for the XRP Spot ETF is Growing

On Saturday, August 31, Canary Capital CEO, Steven McClurg, stated that XRP is now the second crypto asset after Bitcoin that is most recognized by Wall Street.

In addition, 15 fund managers have applied to the US Securities and Exchange Commission (SEC) to launch spot XRP ETFs.

Read also: Grayscale Officially Files Polkadot and Cardano ETFs with the SEC!

On August 29, Amplify ETFs also applied to the SEC to list and offer the Amplify XRP [ ]% Monthly Option Income ETF product. According to veteran XRP community member John Deaton, the XRP ETF spot market will flourish if approved, especially with the potential to generate returns through the Flare network.

Bullish Structure or a Sign of Market Top?

The XRP/USD trading pair has been in a descending triangle pattern since hitting an all-time high price on July 18, 2025. The large-cap altcoin has declined by 6.7% over the past seven days and retested important support levels around $2.8 in the past three days.

Earlier this week, veteran trader Peter Brandt warned crypto investors that the daily chart structure of XRP/USD looked “potentially very negative.”

Brandt estimates that the price of XRP could drop to a support level of around $2.38 if buyers fail to maintain support at around $2.78 in the next few days.

Nevertheless, Ripple investors remain optimistic of a macro bullish breakout, driven by regulatory clarity in the US as well as increased demand from institutional investors.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. XRP Whales Buys the Dip Amid Macro Bullish Market Structure. Accessed on September 1, 2025