Why Did XRP Whales Buy 170 Million Tokens Despite 9% Price Drop?

XRP price continues to trade under pressure as a persistent downtrend shapes short-term momentum. The token has struggled to break above descending resistance since the beginning of the month. Whales bought 170 million XRP during a 9% decline this week, even as institutional inflows reached $105 million month-to-date.

On-chain data shows XRP’s realized price now sits above the current market price, meaning the average holder is at a loss. When the market price falls below the realized price, assets are often considered undervalued from a historical perspective, a condition that has preceded swift price rebounds in past cycles, though no outcome is guaranteed.

Institutional investors added $3.5 million worth of XRP for the week ending February 20, bringing month-to-date inflows to $105 million while Bitcoin and Ethereum recorded net outflows.

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