On-chain data reveals that large XRP holders have been quietly buying the token as its price hovers around the $1 mark. But the daily chart tells a different story — it remains trapped below a death cross, a technical pattern that often signals further downside.
What the on-chain data shows
According to blockchain metrics, wallets holding between 1 million and 10 million XRP have increased their positions over the past few weeks. This accumulation comes as the token struggles to break above the $1.10 resistance level. The buying activity suggests that these so-called whales see value at current prices, even as the broader market sentiment turns cautious.
The death cross explained
A death cross occurs when a short-term moving average, typically the 50-day, crosses below a long-term one, like the 200-day. For XRP, that crossover happened recently, and the price has since failed to reclaim those averages. The pattern is often viewed as bearish, but it can also mark a period of consolidation before a trend reversal.
Accumulation vs. technical pressure
The contrast between whale buying and the death cross creates an interesting dynamic. On one hand, large investors are betting on a rebound. On the other, the technical setup warns of potential declines. XRP has been range-bound between $0.90 and $1.10 for weeks, and the death cross adds a layer of uncertainty. Whether the accumulation will be enough to push the price higher — or if the technicals will win out — remains the key question for traders.
For now, the market watches. The next major move could come if XRP breaks above the death cross zone or falls below the $0.90 support. No clear catalyst has emerged, but the on-chain data suggests that at least some big players are betting on the former.
