Crypto Whales Buy 30 Million XRP Tokens: Can XRP Reach $3?

Jakarta, Pintu News – In the past 24 hours, there has been a significant increase in the accumulation of Ripple (XRP) by whales, who are capitalizing on the recent downward price momentum. Data from Santiment released on October 21 shows that investors have purchased more than 30 million XRP tokens, with a value of approximately $74 million.

Investors Buy 30 Million XRP Tokens

The whales seem to be capitalizing on the momentum of XRP’s recent price drop by starting to buy the asset while the price is still struggling to break the $3 resistance level again.

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Based on data from Santiment shared on October 21, investors are known to have bought more than 30 million XRP tokens in the last 24 hours, with a value of approximately $74 million.

Wallets holding between 100,000 and 10 million XRP are showing increased accumulation, even though prices are still trending lower. This indicates the possibility of an early accumulation strategy before a big move occurs.

Historically, this kind of whale activity has often signaled the beginning of an XRP price rally, leading to speculation that the $3 level could be the next target.

Whale Activity Powered by XRP Treasuries

According to Finbold, the whales’ move coincides with Ripple – the parent company of XRP – building a dedicated treasury for the asset. The company Evernorth Holdings, which is backed by Ripple, plans to join the SPAC Fleet Acquisition Corp. II to raise more than $1 billion.

The funds will primarily be used to purchase XRP on the open market and establish an institutional-scale treasury.

Key investors in this plan include big names such as SBI Holdings, Pantera Capital, Kraken, GSR Markets, as well as Chris Larsen, co-founder of Ripple. At current prices, the funds can be used to purchase around 435 million XRP, which is equivalent to 0.75% of the total circulating supply.

Analysts noted that purchases of this scale could account for up to 20% of daily market liquidity if made over a 90-day period. This could potentially provide a boost to the price of XRP.

However, the actual impact will largely depend on the speed and transparency with which the funds are distributed.

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XRP Price Analysis

As of October 21, the price of XRP was at $2.48, showing a consolidation pattern. In the daily chart, the price is up almost 1%, with similar gains seen in the weekly chart.

Currently, XRP is trading below its 50-day Simple Moving Average (SMA) at $2.83, but is still slightly above its 200-day SMA at $2.62, indicating mixed market sentiment. The 14-day Relative Strength Index (RSI) indicator stands at 42.32, indicating neutral market conditions.

Overall, market sentiment towards XRP is still bearish, as reflected by the Fear & Greed Index which stands at 34, indicating a state of “Fear” or concern among 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:

• Finbold. XRP Whales Accumulate $30 Million in 24 Hours, Is $3 Next? Accessed on October 23, 2025