Which cryptocurrencies are the Whales buying for potential profits in December?

As December approaches, cryptocurrency whales have made clear moves, revealing the expectations of large capital flows for the next growth phase. Instead of selling during the volatility at the end of November, large investors have proactively increased their positions in both mid-cap and large-cap groups.

Notably, the buying activity is taking place right as the price stabilizes, making the accumulation process even more meaningful. These patterns provide early insight into the assets that whale investors believe will break through in December.

Ethena (ENA): Large capital continuously flows in

Ethena (ENA) has emerged as a clear indicator of the accumulation trend among whales with profit expectations in the final month of the year. Over the past seven days, ENA has increased by 21.3%, but instead of taking profits, large investors continue to increase their holdings.

Specifically, whale wallets have increased the total number of ENA by an additional 2.84% over the week, reaching approximately 39.88 million ENA – equivalent to an increase of 1.1 million tokens. Notably, the top 100 addresses also increased their balances by 0.35%, adding nearly 50 million ENA. The fact that sharks are aggressively buying in the week typically indicates confidence in the continuation of the upward trend.

Whales ENA | Source: NansenOn the 12-hour chart, ENA is still within a symmetrical triangle pattern, reflecting the tug-of-war between buyers and sellers. The key level is $0.28 – if the daily closing price surpasses this level, it will open up the opportunity to move towards $0.30 and even $0.32.

ENA Price Analysis | Source: TradingViewConversely, if ENA cannot hold $0.27, the risk of falling below the lower edge of the triangle will appear, potentially pulling the price back to $0.21, especially if buying pressure from whales weakens.

XRP (XRP): Strong accumulation, expecting a breakout

XRP is the next name attracting large inflows, with an even more impressive accumulation model than Ethena. Two key whale groups have been continuously accumulating in the last week of November.

The largest holding group – wallets with over 1 billion XRP – has added approximately 150 million XRP since November 25, equivalent to 330 million USD at current prices. The group owning between 10–100 million XRP is even more active, purchasing about 970 million XRP since November 23, worth nearly 2.13 billion USD.

XRP whales | Source: SantimentWith XRP trading around $2.20, this new accumulation occurs right in the week the token increased by more than 16%, indicating that the whales are consolidating their position as the market is strong. This surge appears at a crucial technical moment: XRP has successfully defended the support zone of $1.77 for nearly two months, forming an early double bottom structure – a foundation for the rally in December.

To maintain the upward momentum, XRP needs to break through the resistance level of $2.30 – a level that has repeatedly rejected attempts to rise since November 15. If the price closes above this range, the next targets will be $2.45 and $2.61, where a large supply is concentrated.

XRP Price Analysis | Source: TradingViewOn the contrary, if the price drops below $2.11, the bullish structure will be broken, and the likelihood of a retest of the $1.81 level will increase – especially if whales shift from accumulation to distribution.

Cardano (ADA): Large capital flows return

Cardano continues to attract the attention of whales, indicating a trend of returning to the large-cap group after XRP. Two key groups holding ADA have been actively buying in late November.

The largest group – wallets holding over 1 billion ADA – began accumulating on November 24, totaling 130 million ADA. The group holding 10–100 million ADA is also competitive, purchasing an additional 150 million ADA since November 26. Both groups quickly transitioned to a net buying position, showing new confidence even though ADA is still trading close to the bottom.

Cardano whale | Source: SantimentWith ADA at $0.41, this buying volume represents a significant influx of capital returning to the market. Notably, the accumulation activity coincides with ADA's slight recovery of 5% compared to last week, further highlighting this move.

On the 12-hour chart, ADA shows a standard bullish divergence: from November 4 to November 21, the price made lower lows while the RSI made higher lows – often an early signal of a trend reversal. Signs of change have emerged.

ADA Price Analysis | Source: TradingViewFor ADA to truly regain strength in December, it needs a solid closing candle above $0.43. Surpassing this level will open up the opportunity to rise to $0.52, reversing the short-term structure to an uptrend. If ADA loses the $0.38 level, the bullish pattern weakens and the reversal signal may fail.

In summary, the strong accumulation activity from whales in ENA, XRP, and ADA is sending a positive message to the cryptocurrency market in December. Investors should pay attention to important technical price levels to seize opportunities and manage risks effectively.

Mr. Giáo