The Tale of the Silent Ripple
Are the XRP whales stirring the waters, or just splashing about?
In the murky depths of the crypto sea, XRP has seen a surge-716 whale transfers over $1 million, the biggest splash in four months. 🌊 But the waters remain calm, as if the fish are too tired to care. Or perhaps they’re just waiting for the storm that never comes.
Traders, oh traders, where’s your bounce?
Maybe they’re hiding. Short-term holders are nibbling at the bait, and derivatives are as steady as a rock in a still pond. But is it enough to make waves? 🪨
The Ripple traders, those salty dogs of the crypto world, seem to be holding their breath. Short-term holders have been scooping up XRP like it’s going out of style, while the whales are back, flopping about with their million-dollar transfers. Yet, the market just sits there, as unmoved as a barnacle on a shipwreck.
Whales Return, But the Sea is Still
XRP logged 716 whale transfers above $1 million-its busiest day in four months! 🦈 But the sea is still, and the fish are skeptical. Recent data shows these big splashes are happening just as short-term holders are dipping their toes in the water.
Glassnode’s HODL Waves chart, that old sage of the crypto seas, shows a clear uptick in the 1-3 month and 1 week-1 month bands. It’s like the tide is turning, but the boats are still anchored. Capital is rotating into XRP, but the long-term holders are sitting pretty, watching the show.
Short-term wallets are growing their share of the treasure, while the whales are back, making a ruckus. But the market? It’s as calm as a summer’s eve, with not a ripple to be seen. 🌅
Derivatives: The Calm Before the Storm?
The derivatives market, that fickle beast, is as calm as a monk in meditation. Aggregated Open Interest (OI) has held steady around $1.30 billion, even as the spot market gets a little frisky. Funding Rates are barely positive, hovering near 0.0057. No aggressive longs, no overcrowded shorts-just a lot of shrugs. 🤷♂️
So, who’s behind the wheel? Not the speculative traders, that’s for sure. XRP’s recent activity is all about spot accumulation, like ants gathering crumbs before the rain. 🌧️
Price: Stuck in the Mud
XRP’s daily chart looks like a man stuck in quicksand, struggling to break free. At press time, all major EMAs (the 20, 50, 100, and 200) are above the spot price, like a ceiling he can’t quite reach. The latest candles are hovering around $2.24, with buying follow-through as weak as a kitten’s meow. 🐱
Volume has thinned, like a soup left on the stove too long, and confidence is waning among traders. The RSI is near 41, keeping XRP in neutral-to-bearish territory-momentum as muted as a library on Sunday. 📚
Unless the price can reclaim the $2.36-$2.50 EMA cluster, XRP’s near-term structure looks like more of the same: consolidation, or maybe a slide into the abyss. But hey, at least the whales had their fun. 🌊
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2025-11-16 12:12