XRP Price: Whale Activity Surges 280% - Can Bulls Hold the $1 Support Level?

TLDR

• XRP is trading near $1, testing a key support level after recent bearish pressure.
• Whale transactions on the XRP Ledger surged 280% in 24 hours, reaching over 38 large transactions.
• The SEC is considering bringing U.S. stocks on-chain for 24/7 trading, which could boost digital asset confidence.
• Spot XRP ETF net assets stand at $933 million, with Bitwise leading at $298.52 million.
• XRP Ledger recorded 49,929 active addresses in 24 hours, a two-month high, despite negative market sentiment.

XRP is trading close to $1 after a period of selling pressure pushed it briefly below the psychological level. The token was last seen around $1.0026 on TradingView, up roughly 1% from recent lows.

The $1 level has become a key battleground. Buyers have repeatedly defended the zone, but the broader trend remains bearish as long as XRP stays below $1.05.

Analyst Ali Charts posted on X that whale activity on the XRP Ledger has exploded over the past 24 hours. According to the post, the number of transactions exceeding $1 million surged 280%, climbing to more than 38 large transactions. This kind of large-wallet movement is being closely watched by traders as a potential signal of accumulation.

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