XRP whales are quietly buying while much of the market sits underwater, on-chain data suggests. Key takeaways - Glassnode analytics show the aggregate value of XRP held at a loss has climbed toward roughly $50 billion — meaning a large share of coins were last moved at prices above today’s market level. - Exchange net position-change data indicate millions of XRP have left trading platforms in recent days, including a single‑day outflow of about 35.6 million XRP on March 6. - Social posts and some analysts have highlighted these outflows as signs that large holders (“whales”) are accumulating, though on‑chain figures cited in the posts have varied. - XRP was trading near $1.35 at press time, down about 0.1% over 24 hours. What the metrics mean The “supply in loss” metric tracked by Glassnode measures the dollar value of coins whose last on‑chain movement occurred above the current price. An elevated reading — approaching $50 billion in XRP’s case — indicates many holders are underwater, a condition that often appears near cyclical lows when weaker hands capitulate. At the same time, exchange outflows are typically read as accumulation: when tokens are withdrawn from exchanges into private wallets, they’re less available for immediate selling. Recent net outflows, including the ~35.6 million XRP movement on March 6, have prompted traders to suggest smart money is positioning for a potential rally. A widely shared post on X claimed “XRP WHALES GOING BALLISTIC! 3.56 million XRP vanished from exchanges in 24 hours,” reflecting the excitement — though the exact figures cited across posts and dashboards have differed. What comes next Despite the accumulation signals, price action remains muted for now. The divergence between heavy unrealized losses among many holders and apparent whale accumulation is a familiar crypto dynamic: larger investors often buy into weak sentiment anticipating future gains, while smaller or newer holders may be stuck in losing positions. Whether these outflows will translate into sustained upward momentum is still uncertain. On‑chain indicators point to increasing whale exposure to XRP, but traders will be watching price behavior and further exchange flow trends to judge whether the buying continues and if it can spark a broader rally. Read more AI-generated news on: undefined/news
