XRP Whale Drops $35M Amid Divided Sentiment

An unknown entity bought over $35M in XRP algorithmically as price slid 17.5% from March highs, with whale sentiment sharply divided across exchanges.

An unidentified entity loaded over $35 million in XRP in under an hour. Price kept falling anyway.

The accumulation happened on March 26 and 27, two consecutive sessions where XRP dropped 3.83% and 2.6%, respectively. The broader slide has taken XRP from $1.60 on March 17 down to $1.32. That is a 17.5% decline in under two weeks.

156 Trades. One Buyer. No Name.

According to TraderView2 on X, the buyer executed 156 identical purchases of 10,000 XRP each, firing every 18.5 seconds across 48 minutes. Total spend on Coinbase alone came in at $23.4 million. The pattern was mechanical. Precise. Not human-paced.

“This isn’t something you see often,” TraderView2 wrote on X.

Source:traderview2 

The buying spread beyond Coinbase. Bitstamp and Kraken followed. The Cumulative Volume Delta indicator surged across all three platforms during the session.

CVD Spiked. Price Didn’t.

As TheCryptoBasic noted on X, CVD readings hit above 15 million XRP on Coinbase, 8.5 million XRP on Kraken, and 8 million XRP on Bitstamp. That is sustained buy pressure by any measure. Yet market makers kept supply stable the entire time, absorbing demand and keeping the price pinned. The accumulation left almost no visible trace on the chart.

This kind of pattern, heavy buy-side flow absorbed by steady sell-side supply, has been flagged in broader XRP exchange reserve data showing declining Binance balances even as price remains under pressure. Falling reserves alongside price drops often point to long-term positioning rather than short-term speculation.

Whale Sentiment Remains Split

Not every large holder is buying. The XRP market currently has big players on both sides. Some are quietly accumulating at lower prices. Others are depositing tokens to exchanges at an elevated rate, a behavior typically associated with intent to sell.

The mystery buyer’s algorithmic approach stands apart from typical whale behavior. The regularity of the trades, same size, same interval, across 48 consecutive minutes, suggests either an institutional desk or a programmatic strategy set in advance. No wallet identity has been tied to the trades publicly.

XRP’s technical picture remains fragile. Recent analysis tracking the Gaussian Channel on the 2-week chart flagged proximity to a cycle bottom but stopped short of calling a confirmed floor. Sell pressure at current levels has not let up.

What the $35 million buy does confirm is that someone with serious capital sees value here. Whether that call plays out is another question entirely.

This article is based on on-chain data and social media analysis. It does not constitute financial or investment advice. Price analysis reflects the writer’s interpretation of available sources.

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