Analyst Says This XRP Whales’ Display Is Notably Bullish

A notable shift in XRP network dynamics was highlighted this week by cryptocurrency influencer Amonyx, who shared recent Glassnode data showing that the number of XRP addresses holding at least 10,000 tokens has surpassed 300,000 for the first time.The chart posted by Amonyx indicates a steady rise in large-balance addresses, coinciding with key price movements in XRP from mid-2024 through early May 2025.Amonyx said this on-chain development is “insanely bullish” and “absolute proof of surging investor confidence.” The influencer’s message emphasizes that substantial players, often called “whales,” are increasingly accumulating XRP in significant quantities. “The big money knows what’s coming. Do you?” the tweet concluded.INSANELY BULLISH: #XRP whales are showing up BIG time!According to Glassnode, the number of addresses holding 10K+ XRP just smashed past 300K — absolute proof of surging investor confidence.The big money knows what’s coming. Do you? pic.twitter.com/u1cVJApFjg— Amonyx (@amonbuy) May 3, 2025Glassnode Chart Shows Parallel Between Whale Growth and Price MovementThe Glassnode chart visualizes a clear upward trajectory in the number of addresses holding at least 10,000 XRP, represented in green. Starting below 278,000 in July 2024, the metric moved higher steadily, facing a brief and shallow dip in late November.It resumed a strong upward pace in early December, closely aligning with a major surge in XRP price during the same period. By May 2025, the number surpassed 300,000 — a symbolic milestone for the network’s distribution and investor engagement.The black line in the chart represents XRP’s market price in USD. Notably, the price spiked significantly in November 2024 and experienced volatility through the first quarter of 2025, yet it remained above the $2 mark most of that time. Despite the fluctuations in price, the continued growth of large-balance holders suggests a long-term commitment by significant investors, rather than short-term speculative activity.We are on twitter, follow us to connect with us :- @TimesTabloid1— TimesTabloid (@TimesTabloid1) July 15, 2023Community Commentary Reinforces Bullish SentimentIn response to Amonyx’s post, X user Rippledata added context by stating, “Indeed, the whale phenomenon of XRP is eye-catching, and breaking through 300,000 holders shows strong confidence in the market. The inflow of large funds often indicates a possible upward trend in the future.” This remark echoes a commonly held belief in the crypto space that accumulation by whales often precedes or accompanies major price movements.Investor Behavior Suggests Strategic AccumulationWhile retail interest remains a factor in XRP’s performance, this latest update shifts attention to institutional or high-net-worth participants who appear to be positioning themselves ahead of potential regulatory or market developments. The accumulation trend may also reflect growing optimism around the broader adoption of XRP’s underlying technology in cross-border payments and tokenization frameworks.The data from Glassnode and the commentary surrounding it reinforce a narrative of strengthening support for XRP among investors holding substantial quantities. As this address metric continues to climb, market participants and analysts will likely monitor whether such behavior correlates with sustained upward momentum in XRP’s valuation.Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.Follow us on X, Facebook, Telegram, and Google NewsThe post Analyst Says This XRP Whales’ Display Is Notably Bullish appeared first on Times Tabloid.