Significant holders of XRP, often called “whales,” have reportedly acquired 340 million tokens in the last couple of weeks. Their buying seemed to intensify whenever the price dipped near $2.90, potentially paving the way for a surge towards $4.
According to market analyst Ali Martinez, this accumulation trend coincides with XRP facing a crucial technical level at $2.77. It’s crucial for the token to maintain its position above this level; otherwise, a fallback to $2.40 might occur.
If XRP successfully defends this support, it could then be positioned to challenge the resistance point at $2.90. Overcoming this could trigger an upward trajectory towards $3.70.
This coordinated purchasing by large investors implies a strong belief in XRP’s potential to overcome existing price barriers.
Signs of Recovery Amidst Market Uncertainty
Beyond the data regarding whale accumulation, Martinez pointed out that the TD Sequential indicator is displaying consecutive buy signals for XRP, hinting at a potential recovery setup.
This technical formation reinforces the whale buying pattern, providing both underlying and chart-based rationale for a possible price increase.
The TD Sequential, a tool used to spot possible turning points by looking at momentum, typically gives buy signals when an asset has been oversold and is ready for a rebound.
However, these optimistic indicators are surfacing within a broader context of mixed signals concerning the overall performance of alternative cryptocurrencies (altcoins).
A report released by Bitfinex on August 25 suggested a shift of capital away from Bitcoin and towards Ethereum and the wider altcoin market. Following Bitcoin’s stabilization near its record highs, institutional money was observed flowing further along the risk spectrum.
While Bitcoin stabilized after hitting a peak, Ethereum spearheaded a recovery in the altcoin market, reaching new all-time highs exceeding $4,950, supported by inflows into ETFs and demand from corporate treasuries.
Altcoin Market Facing Stagnation
Despite the potential for Ethereum’s momentum to spread to other altcoins, a Bitfinex Alpha report published on September 1 painted a more pessimistic short-term picture for the sector.
The report indicated that the overall market capitalization of altcoins is currently showing little growth. The movement observed in individual tokens appears to be a result of capital being reallocated, rather than fresh funds entering the space.
XRP, Cardano (ADA), and Dogecoin (DOGE) all experienced declines of more than 10% on a weekly basis as investors showed increased aversion to risk across the broader cryptocurrency market.
The report cautioned that September could be a low point in the altcoin cycle before fundamental factors start to drive growth again in the final quarter of the year.
Despite these mixed signals, XRP continues to see accumulation from large investors during price dips. Moreover, analysts are anticipating approvals for multiple altcoin ETFs in the United States in October, which could include XRP.
The report further noted that, even if the near future proves challenging, current technical and fundamental indicators suggest that a rally for XRP is likely in the weeks ahead.
XRP Market Data
As of 8:18 pm UTC on Sep. 1, 2025, XRP is ranked #4 in terms of market capitalization, and its price has decreased by 1.74% in the last 24 hours. XRP’s market capitalization is currently $164.45 billion, with a 24-hour trading volume of $7.26 billion. Learn more about XRP ›
Crypto Market Summary
At 8:18 pm UTC on Sep. 1, 2025, the total value of the cryptocurrency market is estimated at $3.77 trillion, with a 24-hour trading volume of $160 billion. Currently, Bitcoin’s dominance in the market is 57.67%. Learn more about the crypto market ›