#XRP on-chain data reveal: retail panic and capitulation,疯狂 (frantic) sell-off, while big whales quietly accumulate XRP all year long—the bottom market is brewing

Recently, $XRP has been sliding for a long time and steadily dragging down sentiment across the entire market. Many retail investors can’t withstand ongoing losses and choose to exit. From on-chain indicators, you can see clear retail exit signals at a glance:

Active interaction addresses, contract position sizes, and small transactions all shrink dramatically at the same time, and market speculation heat has completely died out. Large numbers of position holders are offloading their tokens at a loss. The batch circulation of dormant XRP that hasn’t moved in years is a typical feature of a market capitulation phase.

But this is completely the opposite of what retail investors are doing—whale capital is positioning in the reverse direction:

Top wallets holding between 10 million and 100 million XRP have been steadily adding and accumulating throughout 2026. The core MVRV indicator has remained consistently negative, indicating that the current price is far below the average cost basis of their holdings, and the token is in a deeply undervalued range.

The short-term chart remains weak, but the tokens have already completed a shift from retail investors to big whales. Once selling pressure gradually eases, the whale accumulation trend should continue. XRP could start bottoming out and kick off the move before retail investors return and refocus their attention.

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