XRP whales are quietly buying up more tokens, even though a huge chunk of the market is still underwater, according to recent on-chain data.
Roughly $50 billion worth of XRP is currently held at a loss, meaning investors bought these coins at prices higher than today’s $1.35 market level. This shows that a lot of holders are still in the red.
At the same time, data shows that millions of XRP have been moving off exchanges, which usually signals accumulation. For example, on March 6 alone, about 35.6 million XRP left trading platforms, suggesting whales are moving coins to private wallets for long-term holding rather than selling.
Analysts see this as a classic crypto market pattern: while many retail holders are stuck in losing positions, large investors often quietly stock up during weak sentiment, positioning themselves for a potential rally.
Despite these moves, XRP’s price has been fairly flat, down just 0.1% in the last 24 hours. The big question now is whether these whale-driven outflows will eventually push the price higher—or if the market will stay muted for a while.
In short, the data suggests smart money is stacking XRP, even as most of the supply remains underwater.
