XRP Ether Whale Activity Signals Bottom As ETH Trades Below $2,450
Something unusual is happening beneath the surface of the crypto market. As prices for major tokens have slid for months, the biggest wallets tracked by onchain analysts have been doing the opposite of what panic would suggest: buying. New data from CryptoQuant frames this XRP Ether whale activity as a signal that the current downturn may be entering its final stretch, even if a confirmed bottom hasn’t arrived yet.
Key takeaways
- Large XRP holders kept buying as the token slid from about $2.40 in January to a $1.00-$1.20 range, a pattern CryptoQuant calls quiet absorption rather than capitulation.
- Ether is the only major token trading below its realized price, sitting near $1,900 against an aggregate cost basis of about $2,450.
- Bitcoin whale balances rose from 2.87 million BTC in December 2025 to about 3.06 million BTC now, with buying accelerating once price fell under $60,000 in June.
- Ether wallets holding 10,000 to 100,000 ETH climbed from roughly 14 million to a record 19.6 million ETH since mid-2025, while wallets above 100,000 ETH grew from 2.6 million to about 4.6 million.
- CryptoQuant warns valuation still leaves room for one more leg lower before a durable floor is confirmed.
XRP Whales Continue Quiet Accumulation Amid Price Decline
Large XRP holders haven’t stopped buying, even as the price they’re paying keeps dropping. That’s the core finding behind the latest wave of XRP Ether whale activity tracked by onchain analysis firm CryptoQuant, which shows big wallets absorbing supply without pushing the market higher.
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