XRP Whales Keep Buying While Ethereum Signals Deeper Capitulation, On-Chain Data Reveals

Large XRP holders have continued to amass even during the prolonged downturn; on-chain data has so far failed to see any momentum from this buying.

The average spot orders on exchanges stayed in CryptoQuant’s “big whale” price range for 2026, even though XRP price had gone from around $2.40 at the beginning of the year to a $1.00 to $1.20 range.

Despite the still-growing accumulation, the broad market participation has diminished.

According to crypto analytics provider CryptoQuant, the 90-day taker cumulative volume delta, which displays which side (the buyers’ or sellers’) is pushing the market more aggressively, has been approaching the neutral point after a clear buyers’ dominance earlier this year.