XRP Whales Accumulate 71 Million Tokens as Price Holds Below $1.38

XRP has continued to face downward pressure following its sharp rally last week, with the cryptocurrency struggling to maintain bullish momentum. Despite the recent weakness in price action, large XRP holders have quietly increased their positions, signaling growing confidence among institutional and whale investors.

According to crypto analyst Ali Martinez, whale wallets accumulated approximately 71 million XRP over the last seven days. The large-scale purchases came during a period when XRP price declined nearly 5%, suggesting that major investors are taking advantage of the dip to strengthen their holdings.

At the time of writing, XRP is trading around $1.36, remaining below the important $1.40 resistance level. Although the token has shown limited recovery despite the whale accumulation, broader bearish sentiment across the cryptocurrency market appears to be weighing heavily on XRP’s short-term performance.

Institutional interest in XRP, however, remains strong. XRP-related investment products and ETFs have continued to attract fresh capital even as Bitcoin and Ethereum funds experienced notable outflows. Recent market data shows XRP investment products recorded more than $65 million in inflows over the past week, highlighting sustained investor confidence in the asset.

Meanwhile, Ethereum ETFs reportedly faced steady withdrawals throughout the week, while Bitcoin investment products ended the period with significant outflows. The contrasting performance has strengthened XRP’s position as one of the more resilient digital assets among institutional investors during the recent market correction.

Analysts believe continued whale accumulation and positive ETF inflows could provide long-term support for XRP if overall crypto market conditions improve. Investors are now closely watching whether XRP can reclaim the $1.40 level and regain bullish momentum in the coming sessions.