XRP Whales’ Daring Gamble: Will They Save the Price or Sink It?

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XRP is languishing at $1.40, having taken a 0.56% nosedive today, after a 9.17% plunge from its March 16 high of $1.55. The retreat has seen the token tumble below the $1.4367 support level-perhaps a fitting punishment for its previous arrogance.

Mid-tier whales, ever the diligent gamblers, have been quietly amassing XRP since early March. Yet, their efforts have done little to offset the selling frenzy that followed the peak. One might wonder if they’re buying time-or simply buying into a losing proposition.

XRP Losses Fluctuate

Glassnode’s Net Unrealized Profit/Loss metric paints a bleak picture. For seven weeks, the XRP network has wallowed in negative territory. It peaked near 0.22 in late January when the price was above $2-now it’s a dismal -0.19. A dramatic drop, if you can call it that.

From mid-February through March, the reading hovered between -0.03 and -0.08. A fleeting recovery to 0.065 around March 16 coincided with a price surge to $1.55. Alas, even the most optimistic whale must now face the cold, hard reality of a reversed trend.

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The current reading sits near -0.03. Most XRP holders are still nursing losses, which is a shame because nothing says “investment” like a permanent frown. A sustained move above $1.51 would be needed to restore their faith-though one suspects the whales are more interested in a good cocktail than a market rebound.

XRP Whales’ Buying Continues

Despite the bearish unrealized loss picture, mid-tier whales are undeterred. Wallets holding between 10 million and 100 million XRP have added 500 million coins since early March, boosting total balances to 11.09 billion. At an average price of $0.61, that’s a cool $305 million in “confidence.”

These wallets have not liquidated meaningfully since the March 16 peak. One can only assume they’re waiting for a miracle-or a more lucrative exit strategy.

Yet, the price chart reveals a tale of distribution, not accumulation. Whale buying has absorbed some of the selling, but it’s akin to plugging leaks in a sinking ship with a paper towel. The trend remains stubbornly downward.

XRP Price Fails to Cross $1.50

The daily chart shows XRP breaking below the $1.4367 support level, now acting as resistance. A pink-shaded distribution range between $1.43 and $1.52 marks where sellers gorged on the March rally. One might say they’ve had their fill-though the feast is far from over.

The annotated measured move on the chart projects a 9.17% decline from the range top, targeting $1.38 to $1.39. Price is already trading near that target zone at $1.4007. A daily close below $1.3392 would open the next major support at $1.2852-a further 4% lower. The $1.2127 level below that represents the last major floor before new multi-month lows. A veritable descent into the abyss.

To the upside, reclaiming $1.4367 would neutralize short-term bearish pressure. A push back above $1.5119 would require both the whale accumulation and a broader market catalyst to sustain. The Evernorth treasury deal-featuring a $1 billion structure with XRP contributions from Ripple-could provide that fundamental spark if confirmed. One can only hope it’s not another elaborate charade.

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2026-03-22 20:32