XRP whales buy 642M XRP at $1

TLDR

Large XRP (XRP) holders have been accumulating heavily around $1, buying roughly 642 million tokens in August while price and ETF demand stay weak.

1. Whales added about 642 million XRP near $1 this month, lifting large-holder balances above 12 billion tokens.
2. This buying around a long-term $1 support is offsetting falling spot XRP ETF assets, but heavy supply near $1.06 still caps rallies.
3. Key signals now are price behavior around $1$1.06, ongoing ETF flows, and whether whale activity stays net accumulative or flips to exchange deposits.

Deep Dive

1. What The 642M XRP Buying Really Is

On-chain and analytics reports show large XRP wallets (typically holding 110 million XRP) have collectively acquired more than 642 million tokens since early August near the psychological $1 level. In the first week alone, these wallets bought about 380 million XRP, increasing their combined holdings to 8.13 billion tokens, with additional waves of 72 million and 190 million XRP later in the month. This pushed total whale holdings to roughly 12.18 billion XRP and the number of wallets with more than 1 million XRP up by 32 in recent months, according to Santiment data summarized by outlets such as U.Today and Finbold.

2. Price, Support, And ETF Flows

Despite this accumulation, XRP now trades around $1.02 with only a modest daily gain, and has underperformed majors recently. Analytics coverage highlights a major support zone around $1 that has held since late 2024, where whales concentrated their buying, while nearly 3 billion XRP sit near $1.06 at break-even and tend to be sold when price retests that area, creating strong resistance as described in deeper analyses. At the same time, spot XRP ETF assets under management dropped below $1 billion to about $942 million, with inflows stalling in mid August, meaning whale buying is largely replacing, not complementing, institutional ETF demand. This mix explains why price is stuck near $1 despite large inflows from big holders.

3. Signals To Watch Next

Three clusters are worth monitoring:

1. Price levels around $1 support and $1.06 resistance, which several analysts treat as pivot zones for either a recovery toward $1.35$1.64 or a slide toward about $0.90 if support breaks.
2. On-chain metrics such as the number of million-plus XRP wallets, active addresses (recently up from about 26,400 to roughly 35,700 per day), and whether large transactions are net moving to private wallets or exchanges.
3. ETF flows and derivatives open interest, which currently show waning ETF demand and elevated leveraged positioning, raising the odds of sharp moves if sentiment shifts, per recent market coverage.

Conclusion

Whale accumulation of roughly 642 million XRP near $1 signals strong long-term conviction, but heavy overhead supply and weaker ETF demand mean price is still constrained around that level. If support at $1 holds while ETF flows stabilize and whales keep moving coins off exchanges, the setup could evolve into a base for a larger recovery; if $1 fails with rising exchange deposits from whales, the same flows could instead precede a deeper leg lower.