Large XRP holders added 71 million tokens to their wallets over the past seven days, taking advantage of a 5% price decline to accumulate at a discount. The buying spree coincided with a sharp uptick in activity on the XRP Ledger, where payment counts and volumes both jumped to multi-month highs.
Whale buying during market weakness
The accumulation by so-called whales—wallets holding substantial amounts of XRP—came as the token's price slipped 5% over the same period. That suggests these investors saw the dip as a buying opportunity rather than a reason to exit. The 71 million XRP moved into large wallets over the week is roughly equivalent to about $35 million at current prices.
Network activity on the rise
On the XRP Ledger itself, daily payment counts climbed from below 1 million to 1.22 million by May 22. That's a jump of more than 20% in a short span. Transaction volume followed a similar path: payments surged from near 200 million XRP to over 400 million XRP by May 18 and stayed elevated through May 22. The sustained increase suggests more users are actually sending XRP, not just holding it.
ETF inflows add another layer
Institutional demand also showed up in exchange-traded fund products linked to XRP. Last week those funds pulled in more than $65 million in net inflows. This week the pace slowed but remained positive at $22.04 million, with daily net inflows still flowing in. That's a sign that traditional investors continue to allocate money to XRP even as the spot price wobbles.
What it all adds up to: whales are buying the dip, the network is getting busier, and ETF money keeps trickling in. Whether that combination can push the price back up is the open question. As of May 22, XRP Ledger payment count sat at 1.22 million—well above the sub-1 million levels seen just days earlier.
