Smart money quietly buys 900 million XRP
Smart money quietly buys 900 million XRP 
Cryptocurrency May 2, 2025 Share
Summary
⚈ XRP whales bought around 900 million tokens in April, signaling possible bullish sentiment.
⚈ The SEC delayed its XRP ETF decision, and short positions recently surged.
⚈ Despite bullish buys, whale activity slowed, and a $68.7M transfer hints at selling.
XRP whales seems to have retained a bullish outlook, despite some of the token’s recent challenges
It appears that large accounts — those holding more than 10,000,000 tokens, have purchased approximately 900 million XRP over the past month, noted cryptocurrency technical analyst Ali Martinez, who shared his findings in a May 2 X post.
Whales bought around 900 million $XRP over the past month! pic.twitter.com/k3UyFMkJLq
— Ali (@ali_charts) May 2, 2025
This bullish signal is a rare sight in an otherwise bearish week. The cryptocurrency’s long-awaited retest of the $2.30 price point that occurred on April 28 and April 29 failed to produce a breakout. Soon after, the Securities and Exchange Commission (SEC) delayed its decision on Franklin Templeton’s XRP spot exchange-traded fund (ETF).
In addition, the ratio of XRP short positions reached a 1-month high on the last day of April, but there are a few silver linings at play
For one, XRP soundly rejected a test of support at $2.20, as that price level held for little more than half an hour. By press time, the token was trading at $2.22, having marked a 0.55% decline in the last 24 hours.
XRP price 1-day chart. Source: Finbold
XRP whales are not unanimous regarding the token’s future prospects
While the fact that XRP whales have, on the whole, intensified their acquisitions might appear as a solid bullish signal at first glance, traders should always consider dissenting opinions.
On April 28, one XRP whale transferred 29,532,534 tokens, worth roughly $68.7 million, to cryptocurrency exchange Coinbase. Large transfers such as these usually precede selloffs.
Lastly, it’s important to note that Martinez’s chart clearly shows that whale demand has flattened since April 29 — so the thus-prevailing bullish sentiment on the part of large accounts might very well have already been dispelled.
Featured image via Shutterstock
