XRP whales are buying again. The numbers are really big.

Large wallets that have least 10 million XRP now own around 45 billion tokens.

This is the amount of XRP that whales have held since 2018.

On paper this looks very good for XRP because big players usually buy when they think the price will go up later.

There is one problem.

The price of XRP is not moving much.

For months XRP has been stuck in the range while whales keep adding more coins.

Many traders thought the price would go up after whales bought much XRP but the market still looks slow.

This is confusing for people who invest in cryptocurrency.

Normally when whales buy a lot of XRP smaller traders think the price will go up.

But XRP is not going up it is just moving sideways. Not getting out of the same range.

One reason for this might be that people are not very excited about XRP now.

Year there was a lot of talk about XRP investment products and that made people feel better about XRP.

During that time whales bought XRP quickly. The price moved more.

Things changed when the excitement went away.

This year not as many people are buying XRP and new money is not coming in quickly.

Since then XRP has been stuck between the price it can go down to and the price it can go up to without getting momentum.

The market is waiting for a reason to move.

Whales seem confident. Regular traders are not as excited.

If regular people do not buy XRP the price will not go up for a time.

Options traders are also sending a signal.

Many traders who bet on the price of XRP do not think it will go above 2 dollars anytime soon.

Not many people think XRP will have a breakout.

This tells us something

Even though whales have a lot of XRP the market is still not sure if the price will go up soon.

Traders want to see something happen before they start buying XRP

The fact that many people are investing in Bitcoin is also affecting XRP.

A lot of money in cryptocurrency is going to Bitcoin not to coins like XRP.

When Bitcoin is getting all the attention, XRP and other coins do not move much.

This is frustrating for people who own XRP.

Many people thought that when whales bought XRP the price would go up away.

Cryptocurrency markets do not always work that way.

Sometimes whales buy early. Wait for a long time before the price goes up.

At the time there is a positive side.

The fact that whales are still holding a lot of XRP shows that they are confident, in the term.

Big holders do not usually wait for a time if they do not think the price will go up later.

So while the short term looks boring the big players are still patient.

Now XRP is stuck between hope and hesitation.

Whales are clearly active. Regular people are not buying much.

Traders want the price to go up. The market is not moving much.

Until more people start buying XRP it may keep moving in the same range.

For now the market is sending a message.

Big investors are still watching XRP. Not many people are investing yet.