XRP Whales Rally Behind Support as Ripple Heads to Key Japan Event

XRP's recent price action has been characterized by a rebound of around 5% from the $1.28 support level, which is emerging as a crucial floor for traders.

According to on-chain data provided by CryptoQuant, the XRP Whale Flow 30-Day Moving Average (DMA) has reached a 10-month high, indicating a significant increase in whale accumulation.

The large holders are now buying more than 11 million XRP per day, which is a substantial increase compared to previous periods. This development suggests that bigger players are leaning towards buying into the recent volatility rather than fading it.

The timing of this rebound is also notable as Ripple leadership is heading to the major XRPL event in Japan, XRP Tokyo 2026, which is expected to focus on ecosystem updates and tokenization themes tied to the XRP Ledger.

However, the broader crypto market remains cautious due to ongoing macro headlines, including the US-Iran conflict. As a result, institutional conviction appears less clear compared to whale behavior at this time.