Recently, I observed an interesting phenomenon where someone rapidly bought up XRP across multiple major exchanges in less than an hour, totaling over $35 million.

This operation's technique is quite professional, divided into 156 identical buy orders, each containing 10,000 XRP, triggered approximately every 18 seconds, lasting about 48 minutes. Such precise algorithmic trading is uncommon in daily transactions, and it appears as if an institution is deliberately hiding large buy-ins to avoid instantly pushing up the price. It is said that the main buying pressure is concentrated on a major mainstream exchange, with two other exchanges serving as distribution points.

Interestingly, despite such a large influx of capital, XRP's price did not surge dramatically. The latest quote is around $1.43, down 1.71% in the past 24 hours. However, relative to Bitcoin, XRP has performed quite strongly this week, with a 2.3% increase, indicating its relative position in the crypto market is rising.

This kind of cross-platform coordinated buying usually signals that institutional-level investors are positioning themselves. The market is watching to see if this is a prelude to a major announcement or an upcoming appreciation phase.