XRP (CRYPTO: XRP) may be under pressure, but large investors are capitalizing on the lower prices to accumulate more.
Whales Accumulate XRP
Leading cryptocurrency analyst Ali Martinez highlighted in an X post that whales scooped 72 million XRP tokens on Thursday, which at current prices amounted to $72 million.
“I wonder what they know that we don’t… Are they preparing for a bull rally?” Martinez said.
The sixth-largest cryptocurrency traded near $1 support after a sharp 68% decline from 2025 highs. The coin has slid over 9% in a month.
The Bull and Bear Case
Network activity, however, has moved in the opposite direction. Active addresses have averaged around 35,700 per day in August, compared with around 26,400 in July.
Earlier this month, Martinez identified $1.06 as the decisive level for XRP, adding that if the coin can maintain a value above $1.06, bulls might push the price to $1.35 and $1.64. However, if it falls below this level, the cryptocurrency could plummet to $0.80 or even $0.62.
What Prediction Market Thinks
The Moving Average Convergence Divergence indicator, which compares the 12-period and the 26-period exponential moving averages, flashed a “Sell” signal for XRP, according to TradingView.
Conversely, the Commodity Channel Index, which measures the difference between the current price and the historical average price, signaled a “Buy.” The Relative Strength Index hovered just below the neutral centerline, meaning a balance between buying and selling pressure.
Meanwhile, Polygon (CRYPTO: POL)-based Polymarket currently gives only a 6% chance of XRP bettering its all-time high of $3.84—set in January 2018—before the end of the year
Price Action: At the time of writing, XRP was exchanging hands at $1, down 0.64% in the last 24 hours, according to data from Benzinga Pro.
Photo courtesy: Mehaniq on Shutterstock.com
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