Crypto on-chain analyst Ali Martinez (X: @ali_charts) alerted the market on Saturday that “50 million XRP were purchased by whales in the last 48 hours!” It is a buying spree that traded hands amid already-elevated volumes and sent fresh bullish chatter through the XRP community.

50 million $XRP were purchased by whales in the last 48 hours! pic.twitter.com/eJypYhaj4b

Several crypto outlets picked up Martinez’s post and the on-chain flow data, reporting that whale accumulation totaled roughly 50 million XRP over the two-day window. Meanwhile, XRP is  trading around $3.28–$3.33 on Saturday after a recent run higher, with intraday prints near $3.32 as volume ticked up alongside the whale activity.

The token briefly pushed to about $3.30, an intraday move of roughly 11% from prior levels, a move analysts tied to renewed confidence following positive regulatory headlines earlier this year. Whale accumulation is often read as a bullish signal, large holders buying the dip or rotating into position ahead of expected upside.

But on-chain flows are not a one-way ticket to gains: analysts routinely warn that concentrated whale activity can precede distribution or quick profit-taking, and some trackers have flagged volatile net whale flows in recent months. Traders watching whale metrics generally pair them with volume, exchange flows and macro cues before calling a market trend confirmed.

Ali Martinez’s feed has tracked sizable whale moves in the past (he highlighted much larger accumulations earlier this year), and the crypto press often treats these on-chain snapshots as short-term sentiment gauges rather than full XRP price predictions.

Whales bought over 270 million $XRP in the last 48 hours! pic.twitter.com/m9I25zg0gy

Meanwhile, the trading volume of XRP increased in recent sessions compared with the prior week, supporting the bulls’ case for momentum. Continued accumulation by whales could sustain momentum, but traders should watch for exchange inflows (which could signal selling) and broader crypto market direction for confirmation.

The 50 million-XRP whale buys flagged by Ali Martinez add another on-chain data point to the narrative that larger players are active in XRP right now. That activity has coincided with a meaningful uptick in price and volume, though history shows that whale-driven moves can quickly reverse once distribution begins. Subsequent whale flows, exchange balances and macro crypto market action will signal whether this is the start of a sustained run or a short-lived spike.

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