On March 3, over $5.37 billion worth of XRP was transferred, marking a significant surge in network activity. Crypto analyst Ali Martinez (@ali_charts) highlighted this in a recent post on X, sharing a chart illustrating the sharp increase in XRP transactions.
The timing of this surge is particularly notable, as it coincided with a market collapse that some have attributed to market manipulation .
Over $5.37 billion worth of $XRP was transferred in the last 24 hours! pic.twitter.com/P1NnZpeY6V
— Ali (@ali_charts) March 5, 2025
Recent Market Trends
On March 2, XRP experienced a sharp increase, reaching $2.97—its highest price since early February. This rally coincided with President Donald Trump’s announcement of a national crypto reserve , which includes XRP and four other major cryptocurrencies.
However, shortly after this jump, the price crashed, leading to speculation that large holders may have aided the sudden volatility. Now, the asset shows signs of recovery, and the movement of billions in XRP suggests that major investors are actively repositioning themselves.
Whale Accumulation During Market Uncertainty
Whales have been accumulating XRP in substantial amounts. Recent reports indicate that whales acquired roughly 1 billion XRP as the price dropped and began to recover. These strategic purchases suggest that institutional players and high-net-worth investors see potential in XRP despite recent price fluctuations.
The correlation between sudden price movements and large transfers has raised concerns about possible market manipulation. Some analysts believe that the rapid price jump on March 2, followed by an immediate decline, was triggered by coordinated whale activity.
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This pattern has been observed in the past, where significant price swings align with heavy accumulation or distribution by large holders. However, the recent price action suggests XRP is leaning toward a bullish turn.
XRP’s Current Market Phase
With large quantities of XRP being moved, analysts debate whether the asset is in a local distribution phase . This phase typically occurs when major investors start selling after a price surge, potentially leading to a correction.
However, given the renewed accumulation by whales, the market may still be in an accumulation phase, where investors buy in anticipation of future gains.
XRP has begun its recovery, aided by accumulation and the excitement surrounding the announcement of the national reserve. If whales continue accumulating, the buying pressure could push the price up further. The asset is trading at $2.46, up 6.19% from yesterday, and still climbing.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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