Large investors holding XRP appear to be increasing their positions even as a significant portion of the token’s supply remains in loss.
Recent data from Glassnode shows that nearly $50 billion worth of XRP is currently underwater. This means many investors bought the token at prices higher than its current value.
The metric tracks the total value of coins whose last on-chain movement happened above the current market price. When this number grows, it often suggests many holders are still waiting for the market to recover.
Despite these losses, data shows a different trend among large holders, commonly known as whales. Millions of XRP have recently moved away from exchanges, which is often seen as a sign of accumulation.
On March 6, about 35.6 million XRP left exchanges in a single day, according to on-chain analytics dashboards. Investors typically withdraw assets to private wallets when they plan to hold them rather than sell them.
Some analysts believe these movements could signal that large investors expect a future rally. In a widely shared post on X, one crypto analyst claimed that “smart money is stacking XRP.”
For now, however, the price remains relatively stable. XRP was trading around $1.35, slightly down over the past 24 hours.
The situation reflects a common pattern in crypto markets. While many smaller investors sit on losses during weak sentiment, larger players often accumulate assets in anticipation of a potential rebound.
