Whale‑Sized XRP Haul Sets Up a Potential $1.38 Splash

Large-cap degens have been quietly vacuuming up a cool 40 million $XRP over the past week, pushing institutional bags from 3.72 billion to a chunky 3.80 billion tokens. The coin is currently loitering around $1.37, staring up at the immediate resistance party happening at $1.39, following a classic "buy the rumor, sell the news" 6% slide last week.

Fresh Santiment data, spotlighted by analyst Ali Martinez on March 22, confirms the whales are treating this dip like a blue-light special. This on-chain feeding frenzy interestingly timed itself with a TD Sequential buy signal flashing on the 12-hour chart, suggesting the bearish countdown clock might finally be running out of batteries.

The technical tea leaves are reading a bit mixed, as they often do. The 14-day RSI is chilling at a perfectly indecisive 45.27, while price action remains trapped under the 50-day SMA of $1.44, keeping any short-term moon missions firmly grounded. That said, the recent pullback from the $1.50 neighborhood has been accompanied by some serious accumulation—a classic whale tactic that often sets the stage for a breakout once the paper-handed retail crowd finally taps out.

The bearish TD Sequential sequence has officially called it quits, strengthening the argument that a local price floor is forming between $1.28 and $1.35. For the full-blown macro reversal everyone's secretly hoping for, $XRP would need to stage a proper raid on the $1.45 zone with convincing volume, with its sights eventually set on the distant 200-day SMA.

In a nutshell, the institutional whales are planting their flag at these levels, essentially betting their massive stacks against the wall of technical resistance. While it's never wise to count your chickens before they're rugged, this kind of whale backing might just be the catalyst $XRP needs to pump its bags before the quarter closes its books.