TLDR
Large XRP (XRP) holders have recently accumulated hundreds of millions of tokens around the 1 dollar level, signaling strong conviction but not yet a confirmed breakout.
- On-chain data shows whales added about 380 million XRP in a week as the price hovered near 1 dollar, and millionaire wallets hit a multi-month high.
- This buying cluster is helping hold psychological support near 1 dollar, but heavy resistance around 1.06 dollars and cooling institutional flows still cap upside.
- The key signals to watch are a sustained move above 1.06 dollars, regulatory developments like the CLARITY Act, and whether whale support persists if the market weakens again.
Deep Dive
1. Whale Accumulation Around 1 Dollar
Santiment data cited by multiple outlets reports that large XRP holders accumulated more than 380 million XRP over seven days while the token repeatedly traded close to the 1 dollar level, lifting combined whale balances above 8.13 billion coins, according to recent coverage.
Separately, the number of XRP Ledger wallets holding at least 1 million XRP has risen by 32 over three months, even as market cap fell about 29 percent, reaching a multi-month peak in large holders per on-chain analysis.
Big holders are absorbing supply near 1 dollar instead of selling, which historically often aligns with late-stage bear phases but does not guarantee a rally.
2. Support, Resistance And Risk
Analysts highlight the 1 dollar area as a psychological floor, with whale buying described as defending that level, though one report cautions this is interpretation rather than a provable coordinated defense.
Blockchain data shows a major resistance band around 1.06 dollars where roughly 3 billion XRP previously changed hands, creating a large break-even zone that tends to trigger selling when price revisits it. At the same time, XRPs realized price near 0.75 dollars suggests spot price is relatively close to holders average cost, a pattern CryptoQuant associates with late bear-market stages for BTC, ETH, and XRP in its cycle analysis.
Whales reduce downside risk around 1 dollar, but until the 1.06 dollar supply wall is cleared, rallies can stall as smaller holders sell at break-even.
3. Signals To Watch Next
Several analysts point to a monthly close above 1.06 dollars as a structural signal that the bearish trend could be broken, opening technical paths toward higher levels like 1.35 and 1.64 dollars.
A rare Tom DeMark (TD) Sequential buy signal on the monthly chart has previously preceded large XRP rallies, but its last sell signal correctly flagged a major drop, underscoring that this indicator is informative but not infallible.
Regulatory catalysts such as progress on the US CLARITY Act, plus continued whale accumulation if prices retest or briefly lose 1 dollar, are key variables that could shift sentiment.
Conclusion
XRPs recent whale accumulation near 1 dollar shows strong conviction from deep-pocketed holders and helps stabilize price, but heavy overhead supply around 1.06 dollars and mixed broader flows mean the setup is still unconfirmed. If price can sustain moves above that resistance while whales keep absorbing dips and regulatory conditions improve, the current cluster around 1 dollar could mark the base of a larger trend change rather than just another pause in a grinding range.
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