Ripple (XRP) Whales Rise as Taker Demand Turns Bullish

XRP’s slump has failed to deter whales, who are actively buying as CVD turns positive.

Ripple (XRP) has been trading in a choppy range over the past week. It started near $2.06 before falling and briefly climbing above $2.15 around December 10. The token suffered a small drawdown the next day before stabilizing and is currently trading at $2.04.

Despite the pullback, a new analysis revealed that whales appear to be snapping up Ripple tokens.

Huge whale movements

XRP is seeing increased activity from large holders even as the token trades near its lowest levels of the year, according to on-chain data firm CryptoQuant. The company said Whale accounts continue to dominate XRP trading during the recent price decline, a pattern associated with lows.

CryptoQuant explained that whales tend to accumulate before possible recovery, rather than during uptrends. It added that XRP’s Spot Taker Cumulative Volume Delta has become copper dominant in recent sessions, indicating increasing buying interest.

Furthermore, XRP is showing signs of heavy activity on South Korean exchanges, where the token has long had a strong trading presence. Upbit, which happens to be one of the largest holders and busiest markets for XRP, is seeing its first meaningful increase in

Although small withdrawals still dominate, CryptoQuant said the pattern indicates an emerging shift in crypto asset market behavior.

Objectives for XRP

Crypto analyst CasiTrades said XRP continues to defend its macro 0.5 Fibonacci support near $2.03, with the token undergoing another critical test of that level. As long as $1.97 persists, a deeper retracement is not confirmed. According to her analysis, macro resistance remains at $2.41, which if broken could trigger a bullish scenario with targets near $2.75 and $2.90.

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On the other hand, if the $1.97 support fails, the crypto asset could move towards $1.64.

Developments such as Hex Trust’s launch of wXRP could support the price of XRP by expanding its accessibility across multiple blockchains, including Ethereum, Solana, and Optimism. By enabling cross-chain trading, DeFi participation, and integration with Ripple’s stablecoin RLUSD, wXRP can attract more retail, institutional, and liquidity providers.

The initial $100 million in total value could help stabilize prices and reduce slippage, while the regulated, insured custody framework increases confidence for major investors. Greater utility, easier cross-chain transfers, and improved market infrastructure could collectively drive demand for XRP and ultimately support upward price momentum over time.