Whale Moves $123M in XRP as Analysts Eye $3.65 Resistance Level

Whale Alert reports 43.35M XRP moved worth $123.4M as price hits $2.93, with RSI and MACD signaling stable market momentum.
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XRP
XRP

Key Points

Whale moves 43.35M XRP ($123.4M), sparking speculation of potential price volatility.
XRP climbs to $2.93 with $5.94B volume as RSI and MACD signal stable to bullish sentiment.
Historical trends link current setup to 2017, with $3.65–$4.50 eyed as breakout levels.

A large on-chain transfer has drawn market attention after Whale Alert reported that 43,351,909 (43.35 million) XRP, valued at $123.4 million, was moved from one unknown wallet to another. 

The large-scale transaction, which occurred on September 30 at 12:12 (UTC), came as XRP’s market capitalization remained above $175 billion. Such moves have historically preceded periods of price volatility, often fueling speculation about investor positioning.

Following the whale transfer, XRP registered modest price action at the time of writing, climbing to $2.93 after a stable trading phase. The token’s 3.02% daily gain brought its market capitalization to $175.39 billion, while the fully diluted valuation (FDV) reached $293.18 billion. 

Source: CoinMarketCap

Trading data from September 30 showed a balanced session, with XRP fluctuating around $2.84. The Trading volume over the past 24 hours stood at $5.94 billion, up 1.74%, placing the volume-to-market cap ratio at 3.37%. Investor participation also widened, with 476,180 holders recorded, showing sustained engagement across retail and institutional levels.

Technical Indicators Signal Stability

Market indicators suggest that XRP is consolidating, awaiting a potential upward move. The Relative Strength Index (RSI) measured at 51.10, holding close to neutral levels. After recovering from lows near 40, the RSI displays a decreasing bearish momentum, with analysts often pointing to the 55–60 range as confirmation of stronger buying conditions. 

The Moving Average Convergence Divergence (MACD) also showed signs of positive sentiment. The MACD line, at -0.0030, is converging toward the signal line at -0.0256, while the histogram displays a positive move at -0.0285.

Historical Context and Outlook

The transfer coincides with broader analysis comparing XRP’s current setup to earlier market cycles. Historical chart patterns, which was reported by CRYPTOWZRD, display recurring phases of accumulation followed by sudden rallies, with similarities drawn to XRP’s 2017 pattern. 

Market observers have identified $3.65 as a key resistance level, with a breakout above $4.50 viewed as the threshold for price discovery.

Against the backdrop of Bitcoin holding above $110,000 amid sustained outflow activity, XRP’s whale movement adds weight to the idea of renewed positioning in top-cap digital assets.

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Fear & Greed Index

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Greed

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XRP
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Fear & Greed Index

Extreme Fear Fear Neutral Greed Extreme Greed
70/100
Greed

Loading...

XRP
$---.-- --.--%
Market Cap $---.--B
24h Volume $---.--B
Circulating Supply ---.--M
Rank #---
Risk Score ---
7d Change --.--%

Loading cryptocurrency information...