Whale buys almost 1 million XRP – does he know something we don’t know?

An anonymous crypto-whale has suddenly bought almost 1 million XRP. Two huge orders, good for 1.7 million dollars, put the market on the market. What does this investor know what the rest of the market does not see yet?

Whale is fully committed to XRP course

According to analyst Xaif, the Whale posted two large buy orders shortly after each other: first 396,000 XRP, followed by another 502,000. Both transactions took place around $ 2.93. What makes it extra striking: the same investor would have taken 275,000 dollars profit shortly before.

And yet he now gets back in – and this time with even more money. Is that pure coincidence, or is there something that the rest of the market doesn’t know about?

Why this Whale is now entanges

The way in which the orders are placed suggests that this was not an impulsive action. This Whale seems to be deliberately buying at a crucial moment. As if he expects a fundamental trigger – and takes a position before the rest of the market follows.

We also saw such a pattern in earlier bull markets, in which large players quietly made their blow before the hype erupted. Analyst Xaif calls the “front running” of a possible breakthrough.

Important date is approaching

Everything plays around XRP. For example, on 15 August an important update will be added to the lawsuit between Ripple and the American regulator SEC. A positive turn could free the way for large investors.

In addition, Ripple is working hard on the road with new projects such as RLUSD, tokenized treasuries and the arrival of its own EVM sidechain. There are also rumors about a possible XRP spot ETF. Add to that the fact that institutional inflow rises and Whale-Wallets become more active than ever-and you understand where confidence comes from.

XRP course: crucial support at $ 2.90

The XRP course is around $ 2.94 at the time of writing. This allows the coin just above an important level of support. Last week the race fluctuated between 2.83 and 3.11 dollars. The resistance around 3.10 dollars holds, but the zone around 2.90 also remains standing for the time being.

Technical indicators do not yet provide a clear signal. The RSI is neutral, and the Moving Averages are also not pronounced positive or negative. A breakthrough above $ 3.10 would clear the road for further rise, but XRP drops below 2.90 dollars, then it becomes exciting.