**Are XRP Whales Becoming More Active? Key Takeaways for Traders**

XRP just recorded 716 whale transfers over $1 million, marking its highest spike in four months. As large holders become more active, traders are watching to see if this signals an upcoming bounce for XRP.

**Whale Activity Surges, Short-Term Holders Accumulate**

XRP logged 716 whale transfers above $1 million in a single day, its busiest day for large transactions in four months. This surge in whale activity occurred while short-term holders (STHs) were accumulating XRP during the recent price drop.

Glassnode’s HODL Waves chart reflected a clear uptick in the 1-3 month and 1 week-1 month holding bands. This indicates capital rotation into XRP, rather than long-term holders distributing their tokens. As a result, short-term wallets have expanded their share of supply while whales aggressively returned to the network.

**Derivatives Market Remains Calm**

Interestingly, XRP’s derivatives market has shown a notably restrained response despite the spot market activity. Aggregated Open Interest (OI) has held steady around $1.30 billion over the past week, even as spot market volatility picked up. Funding rates remained marginally positive, near 0.0057, suggesting there’s neither aggressive long-side leverage nor overcrowded shorts.

Taken together, this means speculative traders in the derivatives market are not driving the recent on-chain shifts. Instead, the recent surge appears to be spot accumulation led by whales and short-term holders.

**Price Struggles at Key Levels**

On the daily chart, XRP is struggling to break past key resistance levels. At the time of writing, all major EMAs (20, 50, 100, and 200) are above the current spot price. The latest candles are around $2.24, showing limited buying follow-through after last week’s brief rebound.

Volume has also decreased compared to the early-November surge, indicating waning confidence among traders. Meanwhile, the RSI hovers near 41, keeping XRP in neutral-to-bearish territory as momentum remains muted.

**What’s Next for XRP?**

Unless XRP can reclaim the $2.36–$2.50 EMA cluster, the near-term structure suggests continued consolidation or the risk of further downside. However, the combination of increased whale transactions and steady derivatives positioning indicates that long-term holders and whales may be positioning for the next big move.

Traders should monitor both on-chain spot accumulation and technical resistance levels closely to gauge where XRP could be heading next.
https://bitcoinethereumnews.com/tech/why-xrp-stays-muted-despite-whale-transfers-and-rising-sth-demand/