XRP Whales Buying Rises Ahead of Major Ripple XRPL Japan Event

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XRP whales buying has picked up sharply, with on-chain data showing accumulation hitting a 10-month high just as Ripple executives head to a major event in Japan. The shift comes as XRP rebounds from key support near $1.28, signaling early positioning. With volume rising and a major narrative catalyst approaching, traders are watching whether this turns into a breakout.

Whale accumulation builds under resistance

Indeed, on-chain data shows XRP whales buying accelerating, with Whale Flow flipping positive after more than three months of net outflows. Large holders are now accumulating over 11 million XRP per day, a pace not seen since the last major cycle move.

As it happens, XRP has bounced roughly 5% from the $1.28 level, reinforcing it as a short-term support zone. At the same time, exchange outflows are increasing, reducing immediate sell-side pressure and tightening available liquidity.

But the structure is still fragile, as resistance around $1.35 remains a key barrier, with some large players reportedly positioned there. Until that level is cleared, price action remains range-bound despite the underlying accumulation trend.

Still, rising volume alongside whale activity suggests positioning is underway. If buyers absorb overhead supply, the next levels to watch sit near $1.40 and $1.60.

For now, the price of XRP stands at $1.32, indicating a decline of 1.6% on the day, a 0.5% gain across the past week, and a dip of 3% over the last month, per the latest chart data.

Ripple Japan event adds narrative fuel

At the same time, attention is shifting to a potential catalyst. Ripple executives are in Japan for a major XRPL-focused conference this week, with speakers set to cover institutional adoption and decentralized finance (DeFi) use cases tied to XRP.

The event puts a spotlight on one of Ripple’s strongest regions. Japan has long been central to XRP’s ecosystem, supported by deep ties with SBI Holdings and broader financial integration efforts.

That combination of fundamentals and timing is important, as XRP whales buying into a key support level while a major regional event unfolds creates a setup where narrative and positioning align.

If XRP breaks above resistance and holds, the current accumulation phase could shift into momentum. If not, the market may stay stuck in the same range despite growing whale confidence.