How will the prices of Ripple (XRP) and Dogecoin (DOGE) react as they continue to buy?

TL:DR;

Crypto markets had a volatile weekend, but big investors seemed unfazed as they continued to pile up the two biggest tokens by market value. The question now is whether XRP and DOGE will bounce back quickly, given the massive purchases completed by the whales.

It's been a rollercoaster of a week for the entire crypto market, with BTC rising above $102,000 at launch to drop more than ten huge in two days to a multi-week low.

Altcoins followed suit, such as DOGE, which was close to $0.4 at one point this week, but fell to $0.31, representing a 22% retracement.

XRP briefly rose above $2.5 on January 4th and as high as $2.47 on January 7th, but fell to $2.2 on January 9th before a correction in the market settled around $2.33 in the last 24 hours.

Such enhanced volatility scares some investors, especially retailers, but not whales. Sentiment data shared by Ali Martinez shows that XRP and DOGE whales are piling up amid this market turmoil.

The biggest meme coin by market cap has increased its stature by adding more than 470 million doge in just 48 hours. In USD terms, this brings the total reserves to $150 million, at an average price of $0.33 per token.

XRP's case is even more bullish, with whales buying more than a billion tokens in the same time frame. An average price of around $2.3 made this two-day buying $2.3 billion.

Wells bought approximately $1 billion of XRP in the last 48 hours! pic.twitter.com/XUlibpXkz5

— Ali (@ali_charts) January 10, 2025

Both assets responded to this market-wide collapse in 2018. In a less painful response than at the end of 2024, BTC fell back to $91,000.

Back then, XRP fell hard, slipping below $2 on two occasions. So far, during this correction, the token's low was 10% higher at $2.2, probably with the help of the aforementioned large purchases.

DOGE's situation was similar when it fell above $0.26 on December 30, but the bottom is now above $0.31.

So, whale stocks have helped both assets during the crash, and it's safe to say that if they continue and the market bounces back in the next few days, they could do more.