Ripple (XRP) Whales Scoop Up 72M Tokens While Price Defends $1 Level Trader Edge | usagoldmines.com

Key Takeaways

• Ripple’s XRP is hovering around $1.009, maintaining the critical $1.00 psychological threshold
• Major holders accumulated over 72 million XRP tokens within a 24-hour period, with substantial wallets adding 380 million XRP during the week ending August 9
• XRP spot ETFs registered $2.25 million in net inflows by Thursday, tracking toward a fifth consecutive week of positive capital flows
• The number of addresses containing a minimum of 1 million XRP increased by 32 during a three-month span, reaching approximately 2,033 total
• The token continues trading beneath its 50, 100, and 200-day exponential moving averages, having declined about 69% from its January 2025 high of approximately $3.30

Ripple’s XRP token is exchanging hands near $1.009 this Friday, maintaining stability at the $1.00 threshold following its most bearish daily closing price since November 2024. The digital asset has experienced approximately a 69% drawdown from its January 2025 apex of roughly $3.30.

While the price action has been unfavorable, substantial investors continue accumulating. Blockchain analytics expert Ali Martinez disclosed that major holders acquired in excess of 72 million XRP during a single 24-hour timeframe. Martinez highlighted this purchasing activity, questioning whether significant stakeholders are establishing positions in anticipation of an upcoming price surge.

This accumulation pattern extends beyond a single day. Intelligence from Santiment reveals that addresses containing no less than 1 million XRP expanded by 32 throughout the preceding three-month period, elevating the count to approximately 2,033. These addresses incorporated over 380 million XRP tokens during the seven days concluding August 9, driving their aggregate holdings beyond 8 billion XRP, valued at roughly $8.2 billion based on present market rates.

Exchange-Traded Fund Capital Remains Constructive

Institutional participation continues showing resilience. Information from SoSoValue indicates spot XRP exchange-traded funds captured $2.25 million in net inflows extending through Thursday of the current week. Should Friday conclude with additional positive flows, this would represent XRP’s fifth uninterrupted week of net ETF capital inflows.

Approximately 81% of XRP withdrawals from Binance were directed toward private wallet addresses, indicating certain investors are transferring holdings away from centralized platforms for extended holding periods.

Blockchain activity has demonstrated an uptick as well. Mean daily active wallet addresses climbed to approximately 35,700 throughout August, representing an increase from 26,400 recorded in July. August 11 registered the highest activity level since June 5. Fresh address generation maintained consistency at roughly 2,260 per day, signaling that the surge stems from current participants rather than newcomers entering the ecosystem.

Critical Price Thresholds Under Observation

XRP’s realized price currently rests around $0.75, positioned beneath the prevailing market valuation of $1.01. This indicates XRP has not yet descended to the substantially discounted levels observed during earlier market cycle bottoms.

From a technical perspective, XRP trades underneath its 50-day exponential moving average at $1.087, 100-day EMA at $1.169, and 200-day EMA at $1.362. The Relative Strength Index registers at 36, positioned below the neutral 50 mark, while the MACD indicator continues displaying negative momentum.

Cryptocurrency analyst Diana pinpoints $0.87 as the subsequent significant support level, identifying $0.77–$0.80 as a broader critical decision zone. On the resistance side, $1.06 represents an immediate obstacle, with approximately 3 billion XRP tokens positioned near their cost basis around that price point.

Should current support levels maintain, Diana’s bullish price objectives span from $1.46 extending to $3.56–$3.66, approaching the prior all-time high territory.

The post Ripple (XRP) Whales Scoop Up 72M Tokens While Price Defends $1 Level appeared first on Blockonomi.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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