XRP nears $1 as whales keep buying

TLDR

XRP (XRP) is trading just above $1 as large holders accumulate, setting up a tight battle between whale buying and a clearly bearish price trend.

1. XRP sits near $1 with about 70 percent drawdown from its peak and has underperformed other large caps over the past month.
2. On chain, wallets holding at least 1 million XRP and ETF holdings have grown, showing continued whale and institutional accumulation at lower prices.
3. Derivatives data and weak ETF inflows still point to strong selling pressure, making the $1 level a critical line to watch for either a bounce or breakdown.

Deep Dive

1. Price Near Critical Support

XRP is currently trading around $1.01, with a 24 hour move of about +0.14 percent and a market cap near 63.2 B USD, but its 30 day change is about -9.63 percent. It trades below key moving averages, with short term resistance around 1.06 to 1.08 and higher averages still trending down, signaling an entrenched downtrend near the 1 dollar area.

Several analyses note this region is the lowest since late 2024, with multiple recent closes just above 1 dollar and at least one intraday dip to around 0.99 before recovery. One overview describes a 21 month low near 1.00 and stresses that previous breaks below 1 dollar have historically led to longer periods spent under that level.

2. Whale Accumulation Signals

Despite the weak price action, large holders are still buying. Santiment based data cited by multiple reports shows the number of wallets holding at least 1 million XRP has increased by about 32 over the past three months, even while market cap fell. One detailed breakdown estimates whales bought more than 380 million XRP near the 1 dollar level in a single week, absorbing supply while price slid.

Institutional structures also reflect accumulation. Seven XRP exchange traded products have reportedly locked roughly 992.5 million XRP, with cumulative net inflows around 1.51 billion USD, even though daily new inflows have recently slowed. At the same time, Binance deposit addresses for XRP have fallen sharply versus prior averages, suggesting less selling from long term holders.

3. Flows, Leverage And Key Risk Levels

The picture is not purely bullish. Binance derivatives data shows a Taker Buy or Sell ratio around 0.86, meaning sell orders have been dominating buys, and open interest in XRP futures is elevated relative to recent norms. That combination implies crowded leveraged positioning, so a clean break below 1 dollar could trigger liquidations and accelerate downside.

Spot ETF demand has stalled, with several days of near zero net inflows, and macro regulatory catalysts like the delayed CLARITY Act leave XRP without a clear near term positive driver. Network activity on the XRP Ledger is strong, with daily transactions and active addresses up, but new address growth remains flat, meaning usage is rising mostly among existing holders rather than new entrants.

Conclusion

XRPs setup is a classic tension between value buyers and a weak trend. Large holders and ETFs are quietly adding XRP near the psychologically important 1 dollar mark, while derivatives traders and muted ETF flows keep pressure on the price.

If demand from spot markets and ETFs improves while 1 dollar holds on a closing basis, whale accumulation could underpin a stabilization or rebound; if 1 dollar fails amid high leverage, selling could accelerate. Watching the 1 dollar zone, open interest, and institutional flows is more informative than the headline price alone.