XRP has just crossed above Bitcoin on the one chart signal traders actually watch, while $742 million changed hands in large wallets during the same week. U.today reports the pair formed a golden cross and, on the same page, says the timing is bad. That sounds like a contradiction, so here's the mechanism.
A golden cross happens when the shorter average price line for one asset moves above the longer average line for another. It's a statement about what already happened, not a prediction. The report treats it that way: the crossover is real, the conditions around it aren't.
The wallets that did the buying
The move didn't come from retail. BeInCrypto reports that large XRP wallets took in $742 million worth of the token over a single week. A wallet purchase is just somebody converting cash into XRP and sending it to an address anyone can look up on the public ledger.
Nothing hidden about the transaction itself. What's notable is the size against everything else that moved this week. By comparison, the registered investment funds buying XRP managed a rounding error.
The ETFs bought, too
Institutional money came in at the same time and a very different scale. U.today reports Bitwise and Franklin Templeton ETFs together purchased $22 million of XRP. Put those two numbers next to each other.
The whale wallets bought roughly thirty times what the ETFs bought, in the same week, on the same asset. That single comparison says more about who is driving XRP right now than any chart pattern does.
| Flow this week | Amount | Direction |
|---|---|---|
| --- | --- | --- |
| Whale wallets bought XRP | $742 million | Into the market |
| Bitwise and Franklin Templeton ETFs | $22 million | Into the market |
| Bitget hacker moved stolen XRP | $83 million | Out, unblockable |
## The money Ripple can't touch Then the flow turned. CoinDesk reports that the hacker behind a Bitget exchange breach moved $83 million in stolen XRP this week. Here's the part that matters for anyone reading the chart. Ripple cannot freeze it. The tokens were taken from an exchange, not from a wallet Ripple controls, so the company has no authority over where they land. The holder can sell into a market whenever they choose. CoinDesk reported the movement but not where the funds went, and that figure is not public. So a chart built on $742 million of genuine demand can be handed $83 million of forced supply that nobody can stop. Both were live in the same week.
Evernorth, and the level that decides it
The other thread is a listing. Bitcoin.com reports the XRP community has taken the center stage in Evernorth's Nasdaq plans, the payments company working toward putting its stock on the exchange. The writeup puts XRP holders at the center of that effort and does not get into specifics.
CryptoDaily spends its year-end piece on a simpler question: does XRP reach $2 before 2026 is out. That's the number to watch, because the same week that brought $742 million of buying also brought $83 million of unstoppable selling. The $2 line is where those two forces meet.
Watch the daily close against it, and watch whether the whale wallets keep bidding or start letting go. One of them resolves the question before December does.