A massive $2.2 billion whale buying spree drains XRP from exchanges, setting the stage for a breakout toward $2.
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One of the largest XRP buying campaigns of the second half of 2026 is unfolding on the market. In just 96 hours, large investors have absorbed approximately 1.54 billion tokens from the market.
At the current exchange rate, this amount is valued at $2.2 billion. Against this backdrop, $2.00 per coin has once again become a tangible target.
Data from the analytics platform Santiment clearly confirms a sharp shift in sentiment among key network participants. The supply distribution chart shows a vertical surge in holdings. The combined balances of whale addresses have broken out of a prolonged plateau in just a few days and surged toward peak levels.
The buying spree comes amid the formation of a rare technical pattern, the inverse head and shoulders, on the daily XRP/USD chart. The anatomy of this move is as follows:
The market is successfully absorbing massive volumes of incoming liquidity. According to on-chain trackers, a large inflow of XRP to the Binance exchange has been recorded. Under normal conditions, the arrival of such volumes on trading platforms triggers panic and a decline in prices.
However, the current aggressive buying demand is fully absorbing this supply. Tokens are being rapidly withdrawn from exchanges to cold wallets for long-term holding. This factor significantly reduces selling pressure and limits the risk of sudden sell-offs.
The fate of the large-scale rally is being decided within the current price range. If the current 96-hour momentum allows bulls to secure a daily close above the $1.55 resistance level, the bullish pattern will be confirmed. In that case, the technical setup could open a direct path for XRP toward the psychological $2 mark.
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