TL;DR
- XRP whale wallets accumulated more than 470 million tokens over five days, lifting their combined holdings from 12.37 billion to 12.80 billion XRP.
- The buying represented roughly $724 million in absorbed supply as XRP approached the $1.60 resistance zone.
- A sustained move above $1.60 could strengthen the inverse head-and-shoulders setup, with $2 emerging as a potential technical target.
XRP whales have increased their exposure by more than 470 million tokens during five days ending September 24, according to data cited from Santiment. The accumulation lifted millionaire wallets from 12.37 billion to 12.80 billion XRP, while the estimated value of the absorbed supply reached about $724 million.
XRP WHALES KEEP BUYING
In just five days, whales accumulated more than 470 million $XRP, worth around $724 million.
Meanwhile, an inverse head-and-shoulders continues to form on the daily chart.
The bullish breakout could be getting closer. https://t.co/f2VzDvpQpm pic.twitter.com/X3xMv7zOQF
— Ali Charts (@alicharts) September 25, 2026
The timing is significant because XRP has been trading around a major technical resistance zone. The token recently moved above $1.60 before retreating, while large transactions and new wallet creation also increased across the XRP Ledger. Santiment recorded 1,917 transactions worth at least $100,000 during the recent advance, marking the strongest level of high-value activity in roughly a month.
The latest accumulation also resembles activity seen during August. At that time, large XRP holders reportedly added around 460 million tokens before XRP advanced 40.7% in one week and reached approximately $1.70. The parallel does not guarantee another rally, but it gives traders a previous market episode to compare with the current setup.
XRP Whales Build Pressure Near Key Resistance
From a technical perspective, the $1.60 region remains particularly important. Analysts have identified this area as the neckline of a potential inverse head-and-shoulders formation. XRP’s move through that zone would provide stronger confirmation of the bullish structure, while a failure to hold it could leave the token inside its previous trading range.
Recent network activity adds another layer to the picture. The XRP Ledger recorded 3,647 new wallets during the September rally, while XRP’s price reached levels not seen since February. New addresses do not necessarily represent new investors, but the combination of network activity, high-value transfers and stronger price action shows increased market participation.
A Potential Path Toward $2
The $2 level has become a closely watched technical objective if XRP can establish support above $1.60. Under the inverse head-and-shoulders structure, the projected move would represent a substantial extension from the breakout area.
However, XRP could also face profit-taking after its recent advance. A retreat toward the 1.34-1.37 area would test whether buyers remain willing to defend the recovery, while broader market conditions could keep XRP consolidating between established support and resistance levels.
