XRP Whale Transfers Reach 3-Month High with 2,802 Transactions

XRP Ledger saw a significant increase in whale transactions, with large-value transfers ($100K+) reaching a three-month high. On January 6, there were 2,802 such transactions, marking a peak since the October 10 liquidation event.

  • On-chain data provider Santiment noted increased volatility typically coincides with such activity.
  • $1 million+ transactions also surged to a one-month high, indicating heightened large-holder activity.
  • Large transfers can indicate accumulation, distribution, or internal movements, often leading to sharper intraday price swings.

XRP whale activity

XRP also became a trending topic on social channels, with discussions focusing on institutional themes like ETF flows and regulatory clarity post-SEC case resolution. XRP was grouped with assets like Solana, Ethereum, Bitcoin, MicroStrategy, and Litecoin as top trending tickers.

Top trending coins from Wednesday

At the time of reporting, XRP was trading at $2.127.

XRP price chart