# XRP Whales Accumulate 300M Tokens Amid Price Surge Crypto investors anticipate major movements in XRP as whales make significant purchases. - **Source:** [DailyCoin](https://brifing.si/source/3e9b0f85-cb2f-40ee-ba61-db9410cf0937) - **Published:** 2026-08-21 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/a3f1df76-a267-4e5d-85b3-910a0a95d3f3 ## Historic Rally in XRP XRP surged 18.19% on Friday, reaching $1.29 and testing a resistance level unseen since early June. The cryptocurrency broke through the $1.10 resistance, aligning with the mid-tier Bollinger Band. Currently trading 10 cents above the green SuperTrend indicator, analysts predict a larger move if the price sustains above $0.32. Technical indicators suggest growing investor confidence in the asset's potential. ## Whales Make Big Moves Crypto whales have purchased 300 million XRP tokens in just 96 hours, according to market data. Santiment reports show whale holdings now exceed 16.36 billion XRP. With circulating supply capped at 62.68 billion and total supply at 100 billion, increasing whale concentration typically signals bullish sentiment. This accumulation pattern often precedes significant price movements in the crypto market. ## Market Dynamics Shift A market-wide short squeeze has forced bearish traders to cover positions, resulting in billions in losses. This development has discouraged bets against XRP's price. The Open Interest weighted funding rate hit its highest level since January 2026, indicating shorts are increasingly financing long positions. The liquidation of over-leveraged short positions has accelerated the sentiment shift from bearish to bullish. ## Futures Market Balance While the long/short ratio on XRP futures remains slightly bearish at 0.97, short positions accounted for $26.33 million of the $42.66 million in liquidations. This leveraged market activity has amplified risk appetite among traders. XRP's futures trading volume spiked 137% overnight, with open interest reaching $3.29 billion, reflecting growing institutional participation in the market. ## Technical Indicators Speak The red-label Bollinger Band suggests potential for a wider breakout, mirroring long-term holder tendencies to HODL rather than trade. The flush of excess leverage from short positions has contributed to the sentiment shift. Analysts interpret these technical patterns as mid-term price support signals, with the $0.32 level acting as critical support for continued upward momentum. ## Global Market Influences Shifts in US Treasury policies and multi-decade highs in global bond yields are impacting crypto markets. As Bitcoin breaks above $69K, attention turns to potential altcoin rallies. Market participants closely watch how XRP will respond to these macroeconomic trends, particularly given its unique position between traditional finance and decentralized ecosystems. ## Investor Psychology Whale activity is triggering FOMO (fear of missing out) among retail investors, driving increased trading volume. However, experts caution about risk management during periods of high volatility, especially for leveraged positions. The current market conditions present both opportunities and risks, with liquidation warnings becoming more frequent as price action intensifies. ## Implications for the Industry XRP's movement carries significant implications for the broader crypto sector. Ripple's position in interbank payment systems makes institutional interest particularly noteworthy. As regulatory clarity improves, XRP's integration with traditional financial systems may accelerate, signaling maturation in digital asset markets. This development could pave the way for greater adoption of blockchain solutions in mainstream finance. ## Sources covering this story - https://dailycoin.com/xrp-millionaires-grab-over-300m-as-price-goes-bonkers/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._