Crypto Whales Accumulate XRP and Major Assets Signal Market Bottom, CryptoQuant Says

Large cryptocurrency investors are quietly expanding their holdings in XRP, Bitcoin, and Ethereum, signaling that the digital asset market may be entering the final phase of its multi-month decline, according to research from analytics firm CryptoQuant.

Data released by the firm shows that the largest whale cohorts across major tokens are accumulating supply while prices remain near or below their average purchase cost. Julio Moreno, head of research at CryptoQuant, stated in the report that the persistent absorption from major holders is cushioning market downside. “This positioning lowers downside pressure and is consistent with the final phase of the cycle’s decline,” he wrote in the firm’s weekly report.

For XRP specifically, order flow analysis indicates that spot transactions remain heavily populated by large-scale institutional buyers as the asset trades within a $1.00 to $1.20 range, supporting a market capitalization of roughly $66 billion. The token’s 90-day taker cumulative volume delta—which tracks the net aggression of market orders—has drifted to a neutral balance. The steady presence of large spot buy orders paired with balanced aggressive flow suggests quiet supply absorption rather than immediate speculative driving of prices.

On-chain metrics show XRP’s realized price—the aggregate average cost basis across all circulating tokens—currently sits near $0.75, compared to a spot market price around $1.05 on Binance, where the token dropped 1.4% over 24 hours. The spread between spot and realized prices during periods of neutral order flow typically characterizes late-stage bear market basing conditions.

Market chart patterns align with the on-chain data. XRP’s 50-day exponential moving average recently crossed below its 200-day EMA, printing a technical death cross with both moving averages sitting in the $1.30 to $1.60 overhead territory. Despite the lagging bearish cross, selling momentum appears muted: the Relative Strength Index sits at 39.5, holding above oversold levels, while an Average Directional Index (ADX) print of 10.4 indicates an absence of trend strength and compressed volatility.

The current price action reflects a prolonged consolidation phase following XRP’s drop from approximately $2.20 in early 2026. A daily close above the 200-day EMA near $1.12 would mark the first formal confirmation that whale accumulation is taking effect, opening a path toward resistance at $1.1145 and $1.60. Conversely, failure to defend immediate support around $1.04 risks exposure to lower levels at $0.9167 and $0.8358.