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XRP, the cryptocurrency, has experienced a relatively quiet week in terms of price performance. However, recent data reveals significant on-chain activity for the altcoin. Large investors have taken advantage of XRP’s sluggish performance to increase their portfolios. Prominent crypto analyst Ali Martinez has highlighted the whale activity in the XRP market, with large investors purchasing around 11 million tokens in the past week. This suggests growing interest among major holders and could potentially indicate a price rebound. However, recent blockchain data shows that a potential price upswing may be unlikely. A significant whale transferred a substantial amount of XRP tokens to crypto exchanges, triggering bearish sentiment among investors. Historically, such transactions often precede selloffs, leading to speculation about a potential dip in XRP’s value. As of now, XRP is valued at $0.621711, reflecting a negligible 0.4% price increase in the past 24 hours. The altcoin’s performance over the past week has also been modest, with a 1.7% price jump. Despite this, XRP appears to be recovering well from the ETF fiasco that previously impacted its price. With a market capitalization of approximately $33.4 billion, XRP currently ranks as the fifth-largest cryptocurrency.