XRP Falls 14% as Whales and Long-Term Holders Accumulate During Sell Wave

Beincrypto reports XRP fell about 14% after topping on January 6, even as long-term holders added roughly 8 million tokens and whale wallets accumulated about 180 million XRP (nearly $390 million) during the dip. From December 18 through January 9 the price trended higher while On‑Balance Volume (OBV) trended lower, a divergence the outlet said signals weakening buying power.

OBV is now drifting toward a descending trendline that, if broken, could intensify selling, though this does not confirm a breakdown. On‑chain metrics show long‑term holders increased holdings from 47.4 million to 55.4 million XRP since January 5 (about an 8 million, 17% rise), and wallets holding 100 million to 1 billion XRP rose from 8.34 billion to 8.52 billion XRP—an accumulation of roughly 180 million XRP—suggesting the sell wave is being absorbed by stronger hands while short‑term players likely booked profits.

XRP remained up roughly 11% over the past seven days and had been trading flat over the past 24 hours. Key levels to watch are near $2.15 (about $2.149) and $2.41; a daily close above $2.41 would, the report says, significantly reduce downside risk and reopen the path toward $2.69.

Key Topics

Crypto, Xrp, Long-term Holders, Whales, On-balance Volume, Glassnode