Ripple’s XRP hovered near $1.01 on Friday, keeping just above the key $1 mark after recording its most bearish daily close since November 2024. The token remains down about 69% from its January 2025 peak of $3.30, continuing to lag beneath major technical averages.
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AAPLMajor holders boost accumulation
Despite the recent downturn, large investors are actively increasing their XRP positions. Blockchain analytics specialist Ali Martinez reported that whales amassed over 72 million XRP within a 24-hour period. Martinez questioned whether these acquisitions suggest that major players may be positioning themselves ahead of an anticipated price recovery.
Ali Martinez observed that major XRP holders accumulated more than 72 million tokens in a single day, raising questions about whether significant investors are preparing for a potential bull rally.
This accumulation trend extends beyond one day. According to Santiment, the number of addresses holding at least 1 million XRP has grown by 32 over the last three months, bringing the total to approximately 2,033. These large wallets acquired over 380 million XRP during the week ending August 9, pushing their total holdings above 8 billion XRP, currently valued at around $8.2 billion.
ETF inflows and shifting investor behavior
Institutional activity remains favorable even as price action struggles. SoSoValue data shows that spot XRP exchange-traded funds recorded $2.25 million in net inflows by Thursday of the current week. If the week closes in positive territory, this would be XRP’s fifth straight week with net ETF inflows, reflecting persistent institutional appetite.
Investor behavior also indicates greater focus on self-custody. Around 81% of XRP withdrawals from Binance moved to private wallets, hinting that holders are opting to store assets away from exchanges for longer holding periods.
Recent data reveals a rise in blockchain activity as well. The average number of daily active wallets climbed to roughly 35,700 in August, up from 26,400 in July. August 11 marked the highest on-chain activity since early June. The rate of new XRP address creation held steady at about 2,260 per day, suggesting that increased engagement stems mainly from existing participants rather than new entrants.
Key levels and technical outlook
With XRP’s realized price at approximately $0.75—below the spot price near $1.01—the token has yet to retest historically discounted levels seen at previous market cycle lows. Technically, XRP trades under its 50-day EMA at $1.09, 100-day EMA at $1.17, and 200-day EMA at $1.36. The Relative Strength Index stands at 36, below the neutral 50, and the MACD still points to negative momentum.
Analyst Diana identified support at $0.87, with a critical decision area between $0.77 and $0.80. Resistance is expected near $1.06, where roughly 3 billion XRP are positioned at their cost basis.
Cryptocurrency analyst Diana emphasizes that XRP’s next critical move hinges on active support zones around $0.87, with immediate resistance levels concentrated near $1.06 as large volumes gather at these price points.
If current supports persist, Diana’s upside targets range from $1.46 to $3.56–$3.66, approaching the prior all-time high. This outlook underscores the significance of monitoring price action closely, particularly as technical indicators reach pivotal levels.
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