Ah, XRP! A tale of quiet accumulation, where big wallets are making all the noise, yet the price remains as stubbornly stagnant as a winter pond. We see whales rising, but will they make waves, or will it all be just a splash in the ocean?
Over 300,000 addresses now hold a staggering 10,000 or more XRP, according to a May 5 post by crypto analyst Kyledoops. The whale wallets’ sudden surge points to an almost overconfident growing interest from institutional players, making one wonder: is this a sign of something big on the horizon or just another clever trick to get us all talking?
“Strategic accumulation is back,” Kyledoops states, like a chessmaster eyeing his next move, suggesting that these heavy hitters are preparing for some monumental XRP development. Hmmm, could it be? The plot thickens.
Over 300,000 addresses now hold 10,000+ $XRP — a sharp jump that screams rising confidence from whales and large holders.
Looks like strategic accumulation is back…
Are the big players front-running a major move in the XRP ecosystem?— Kyledoops (@kyledoops) May 5, 2025
Then came Max Avery on May 6, who tossed his two cents into the mix. According to him, XRP’s sideways trading is a result of “price controls” enforced by steady institutional accumulation. Institutions, it seems, are playing it cool, averaging their buys with methods like time-weighted average price and volume-weighted average price to reduce the price impact. A smooth move, right?
Could this be a prelude to a spot XRP ETF? Avery thinks so. But when asked why the ETF buzz isn’t sending prices soaring, he casually shrugged it off, saying the impact will be more like a slow drip than an explosive geyser. (Because who doesn’t love a gradual, ever-so-slightly boring build-up?)
The sideways trending #XRP price reflects price controls with steady institutional buying that’s being averaged out over time using TWAP/VWAP. Instead of wild swings, we’re seeing controlled accumulation…likely in anticipation of a spot ETF approval.
— Max Avery (@realMaxAvery) May 6, 2025
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There’s a chance we could see a price move toward the $2.30–$2.40 range if XRP can break above the 10-day and 20-day EMAs at $2.17 and $2.19. But, of course, that’s assuming it doesn’t plummet back down to $1.99 or worse. Not to rain on anyone’s parade, but bear in mind that the RSI is neutral at 48.7, and both momentum and MACD indicators are hinting at more bearish vibes. A slip below the $2.05 support, and we might be looking at a sharp turn back to the depths.
So, dear reader, we stand at the precipice. The whales are moving. But is it a breakout, or are they just waddling in the shallows, waiting for a moment of clarity? Only time (and those pesky charts) will tell.
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2025-05-07 06:21