XRP Price: Whales Buy Big, ETFs Flow In - But Can XRP Hold $1?
TLDR
- XRP is trading around $1.01, sitting just below key moving averages at $1.03, $1.06, $1.08, and $1.31
- Whales bought over 72 million XRP in a single day after the dip below $1
- XRP ETF inflows turned positive at $2.25 million, led by Bitwise after four days of inactivity
- The Coreum–XRP bridge was exploited for roughly 200,000 XRP, prompting a shutdown and FBI involvement
- On-chain activity hit a 2-month high with 49,929 active addresses in 24 hours
XRP is trading at around $1.01 after briefly dipping below $1 for the first time since November 2024. The price has since recovered slightly, but it remains under pressure.
The altcoin is sitting below all major moving averages. The 7-, 20-, 50-, and 200-day SMAs are stacked overhead at $1.03, $1.06, $1.08, and $1.31, forming a bearish setup.
Daily trading volume came in at $885 million, down from $905 million the day before. Thin volume and a compressed daily range suggest buyers aren’t showing strong conviction right now.
The dip below $1 did attract attention from larger players. Whales bought more than 72 million XRP tokens in a single day. Total whale holdings rose from 12.09 billion to 12.18 billion tokens between August 12 and August 13.
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