XRP whales add 642M XRP near $1

TLDR

Large holders of XRP (XRP) have been buying aggressively around the $1 level, adding roughly 642 million XRP while price holds just above that support.

1. On-chain data shows whales accumulated about 642 million XRP near $1, with multiple high-value batches clustered in early to mid August.
2. This buying is offsetting weakening spot XRP ETF demand and mixed derivatives signals, leaving XRP in a high-leverage, contested zone around $1.
3. Key levels to watch are support near $0.90$0.98 and resistance around $1.06$1.20, along with whether whale flows stay in accumulation rather than exchange deposits.

Deep Dive

1. Size And Pattern Of Whale Buying

Reports from U.Today indicate large XRP holders have acquired more than 642 million XRP near the psychological $1 level since the start of August, including roughly 380 million in the first week, 72 million on 1314 August, and about 190 million on 1617 August, all near $1 support. This lines up with other analytics that show wallets holding at least 1 million XRP have increased by 32 in recent months, with total whale holdings above 12.18 billion XRP, suggesting major holders are using the dip to add exposure rather than exit positions. XRP itself trades around $1.04, with 24 hour performance at about +3.95 percent, 7 day change near +3.1 percent, market cap around 65.31 billion dollars, and 24 hour volume about 1.12 billion dollars.

2. Market Structure: ETFs, Leverage, And Mixed Signals

While whales are buying, spot XRP ETFs have seen assets under management fall below 1 billion dollars, dropping to about 942 million dollars, with very weak inflows in early August according to Tokenpost and U.Today coverage. Other analysis shows nearly 3 billion XRP sitting near 1.06 dollars at break-even, creating overhead resistance where holders may sell into strength. Derivatives open interest and leveraged positions have risen, and some data points show elevated whale deposits to exchanges in prior months, so not all large-holder activity is purely bullish. Social sentiment for XRP over the past 72 hours sits near 5.11 on a 010 scale, essentially neutral.

3. Levels And Signals To Watch Next

Technically and structurally, several levels matter. Articles highlight 0.960.98 dollars as the immediate support band, with a deeper line near 0.90 dollars tied to a multi-year base. On the upside, 1.051.06 dollars is flagged as the first key resistance, followed by 1.151.20 dollars as a zone where a clearer trend change would show. Beyond price, the most informative signals will be whether whales keep routing withdrawals to private wallets rather than exchanges, whether ETF flows stabilize or resume, and whether on-chain activity continues to rise from existing holders rather than short-lived retail spikes.

Conclusion

XRPs recent tape tells a story of heavy whale accumulation clustered around 1 dollar, even as ETF assets slip and leverage builds. That creates a tug of war between large holder conviction and cautious institutional flows. The next move likely hinges on how price behaves around 0.901.06 dollars and whether big holders stay in accumulate and withdraw mode instead of shifting toward exchange selling.