TLDR
XRP whales have recently bought about 72 million XRP near the $1 level, signaling aggressive accumulation at a key support despite price weakness and softer ETF demand.
- Large holders have accumulated 72 million XRP in 24 hours, part of a broader multi?week build that pushed whale holdings to around 12.18 billion XRP.
- XRP trades near $1, down about 68% over the past year, while spot XRP ETF assets dropped below $1 billion and exchange withdrawals hit multi?year highs.
- The crucial levels to watch are $1 and around $1.06, along with whether whale buying and ETF flows continue to offset selling and leverage risk.
Deep Dive
1. Whale Accumulation Scale
On?chain analysts report that XRP whales accumulated about 72 million XRP (roughly $72 million) in the past day, treating the dip near $1 as a buying opportunity rather than an exit point. One report notes that large holders have added 72 million XRP in 24 hours, on top of over 380 million XRP accumulated in the prior week.
Across recent weeks, whale wallets holding at least 1 million XRP have increased by roughly 32 and now control about 12.18 billion tokens, according to on?chain data cited by multiple outlets. That is a meaningful share of total supply and indicates ongoing conviction among deep?pocketed holders even as price trends remain weak.
Big holders are steadily absorbing supply at current levels, which can reduce available liquidity for sellers, but it does not guarantee an immediate rally.
2. Price, ETFs, And Flows
CoinsKid data shows XRP (XRP) trading around $1, with 24?hour performance near minus 0.51% and a 1?year change around minus 67.96%, and a market cap of about $62.89 billion and 24?hour volume near $1.1 billion.
At the same time, spot XRP ETF assets have fallen below $1 billion, to roughly $942 million, as inflows slowed to only a few million dollars in early August and several days recorded zero net flows, according to ETF flow analysis. On centralized exchanges, withdrawal activity has spiked, with XRP Ledger whales moving more coins into self?custody, while the number of XRPL wallets over 1 million XRP has climbed to about 2,038, a multi?month high, as Finbolds on?chain review highlights.
Taken together, this paints a split picture: institutional ETF demand has softened, but large on?chain holders and self?custody flows suggest a shift toward long?term positioning rather than short?term trading.
3. Levels And Signals To Watch
Technically, the $1 zone and the band around $1.02$1.06 are key. Analysts have flagged about $1.06 as an important resistance and decision area, where billions of XRP previously changed hands and many holders sit near break?even. A sustained close below $1 risks triggering further downside and potential liquidations in leveraged positions, while a monthly close back above roughly $1.06 could open room toward higher bands like $1.35 and $1.64.
From here, useful things to monitor include:
- Whether whale accumulation continues if price stays near or below $1.
- Spot XRP ETF flows, to see if institutional demand stabilizes or keeps fading.
- Derivatives open interest and funding, which can amplify moves around support breaks.
If large holders keep buying while $1 holds, volatility could eventually tilt in favor of bulls, but a clean break below that zone with heavy leverage would increase downside risk.
Conclusion
Whale buying of 72 million XRP below $1 shows strong conviction at a long?tested support, even as ETF assets and price performance weaken. Whether this becomes a genuine accumulation base or just a pause before further downside will depend on how the $1$1.06 band, ETF flows, and leveraged positioning evolve over the coming weeks.
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