🐳 XRP Whales Splash Cash, But Will the Ripple Effect Last? 🌊

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Ah, XRP, the cryptocurrency that’s more unpredictable than a Discworld wizard’s spell. At press time, it’s bobbing around $2.88, up a modest 2% in the past day. The last four weeks? Rougher than a troll’s morning breath, with a 12.5% correction. But fear not, the three-month trend is up by 26%, so it’s not all doom and gloom in the Ankh-Morpork of crypto. 🧙♂️

Now, the on-chain data whispers (or rather, shouts in a loud, drunken voice) that those weak weeks might be over. The big fish-or should we say, whales-have started splashing their cash around. But, as usual, the smaller fry are selling like there’s no tomorrow, keeping the breakout as tidy as a goblin’s accounting. 🤑

Whales Make a Splash with $630 Million Buying Spree

The most bullish move came from the whales, those deep-pocketed sea creatures of the crypto ocean. On September 3, when XRP was floundering above $2.85, two massive groups of holders decided it was time to go fishing. The first group held at least 1 billion XRP (that’s a lot of clams), and the second held a mere 10 million to 100 million. Humble, right? 🐋

Whales buying XRP like it's going out of fashion

Since then, these groups have grown their balances from 23.86 billion to 23.93 billion, and from 7.61 billion to 7.76 billion. At current prices, that’s a cool $630 million in new holdings. Not bad for a day’s work, eh? This buying spree helped XRP break above the $2.85 mark, a level as stubborn as a dwarf with a grudge. 💰

Think of whales as the strong arms of the crypto market, pulling the price up with their massive coin additions. It’s like watching a giant turtle carry a mountain-slow but unstoppable. 🐢⛰️

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. It’s as essential as a wizard’s staff in a fight against dragons. 📰

Profit-Taking: The Party Pooper of the Crypto Rally

While the whales were busy buying, many other holders were selling faster than a goblin runs from a tax collector. Two things make this as clear as a troll’s mud bath:

• Percent Supply In Profit: On September 1, about 85.6% of XRP holders were in the green. By September 7, that jumped to 93.4%. When everyone’s making money, the temptation to sell is as strong as a vampire’s thirst for blood. 🧛♂️

Profit-taking chart, because greed is a powerful force

• HODL Waves: These group coins by how long they’ve been held (short, medium, long). If a HODL band shrinks, it means that group has sold. The three-to-six-month holders dropped from 9.05% to 6.12%, and one-week to one-month holders fell from 7.68% to 2.61%. So, the short and mid-term holders sold into the bounce like it was a fire sale. 🔥

HODL waves, because even crypto holders need a change of heart

So, while the whales were lifting the price, the smaller holders were slowing the rally with their profit-taking. It’s like trying to push a cart uphill while someone’s pulling it back. No wonder the move up hasn’t been as aggressive as a barbarian at a buffet. 🛒⬆️

XRP Price Levels: Will It Break the Triangle of Doom?

XRP is currently trading near $2.88, holding above $2.85 like a stubborn mule. The next resistance levels are $2.94 and $3.10. A clean move past $3.35 would flip the structure fully bullish, like a wizard’s hat on a good hair day. 🎩

XRP price chart, because patterns are everything in crypto

The key shift is in the chart pattern. For weeks, XRP was trapped in a descending triangle, a bearish setup where sellers push the price down into flat support. It was like watching a dwarf try to escape a trap-not pretty. But instead of breaking down under $2.69, XRP broke out upward, ditching the bearish pattern like a bad habit. 🧙♂️✨

That doesn’t make XRP fully bullish yet-but it does mean the heavy downside risk is gone for now. As long as XRP holds above $2.85 and $2.69, the broader three-month uptrend stays intact. If profit-taking eases, the whales might just clear the way for further upside. But if whale buying slows and profit takers start dumping, the key support at $2.69 could be in trouble. A dip below that level could invalidate the short-term bullishness faster than a goblin runs from a tax audit. 🧌💨

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2025-09-08 13:47