XRP Whale Activity Spikes As Price Consolidates

XRP is currently trading around 1.39 dollars following a decline from its recent high of 1.60 dollars. The asset has settled into a trading range between 1.35 and 1.45 dollars while market participants look for signs of a new trend.

Recent data from CryptoQuant shows a notable change in behavior among large holders. The 30 day moving average for whale flows indicates that accumulation is picking up speed throughout September. This reversal in trend suggests that high volume traders are positioning themselves for potential movement.

Analysts are watching this activity closely as a precursor to a breakout. While the price has remained flat in the short term, the return of whale buying is often viewed as a positive signal for market momentum. Traders are now waiting to see if this demand can push the token back toward recent highs.