XRP Price Dips, But Whales Are Buying: What’s the Smart Money Doing?

• Despite XRP crashing 20% in the past two months, whales have bought the dip. 
• Whales increased their holdings by 46.4 billion XRP ($113.2 billion) in two months.
• XRP OI is up 17.96% in the past day but down 50% from its January peak of $7.87 billion.

XRP had seen a notable downturn, with its price dropping by 20% over the past couple of months, landing at $2.44 at the time of this report. This price slump also caused XRP to slip from its position as the third-largest cryptocurrency by market capitalization. 

However, large investors have continued accumulating more coins. Data from Santiment shows that wallets holding at least one million XRP have increased their holdings by 6.5%, now possessing 46.4 billion XRP—equivalent to $113.2 billion.

It is clear that whales are confident in XRP’s long-term potential. Additionally, network activity has surged significantly, with March witnessing a sixfold increase in unique wallet interactions compared to previous months. 

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