XRP falls below $1 as whales continue accumulating
XRP has just lost a level it has been defending since late 2024. Briefly slipping below $1, Ripple’s token is now down more than 5% over the month, unlike Bitcoin, Ethereum, and Solana. However, behind this weakness lies a paradox: long-term investors are massively accumulating, while derivatives markets are increasing selling pressure and flows into the ETFs have abruptly stalled. Two opposing forces are now battling around XRP, and their duel could determine the token’s next push.
ID 365926949👊
XRP suffers a drop of more than 5% in one month and falls below $1, against the more modest gains of Bitcoin, Ethereum, and Solana.
The cohort of wallets holding at least 1 million XRP has grown by 32 members in three months, taking advantage of the dip to accumulate.
XRP deposit addresses on Binance have fallen by 96%, confirming investors’ intent to keep their tokens out of selling channels.
Net flows into spot XRP ETFs have fallen to zero over the past four sessions, accumulating only $1 million in the first twelve days of August.
Santiment’s team of experts sees this dynamic as a long-term conviction strategy. It says that when the number of wallets holding at least one million XRP rises while market capitalization declines, it means strong hands are absorbing the panic. Patience beats mere speculative enthusiasm tied to the price, and expectations of future volatility are even more attractive for buyers. In addition, there has been a quantitative increase in daily interactions due to users’ behavior on the network. Active addresses rose from 26,400 in July to 35,700 in August.
$XRP
$JULW.ETF
$FINW.US
#xrp
XRP has just lost a level it has been defending since late 2024. Briefly slipping below $1, Ripple’s token is now down more than 5% over the month, unlike Bitcoin, Ethereum, and Solana. However, behind this weakness lies a paradox: long-term investors are massively accumulating, while derivatives markets are increasing selling pressure and flows into the ETFs have abruptly stalled. Two opposing forces are now battling around XRP, and their duel could determine the token’s next push.
ID 365926949👊
XRP suffers a drop of more than 5% in one month and falls below $1, against the more modest gains of Bitcoin, Ethereum, and Solana.
The cohort of wallets holding at least 1 million XRP has grown by 32 members in three months, taking advantage of the dip to accumulate.
XRP deposit addresses on Binance have fallen by 96%, confirming investors’ intent to keep their tokens out of selling channels.
Net flows into spot XRP ETFs have fallen to zero over the past four sessions, accumulating only $1 million in the first twelve days of August.
Santiment’s team of experts sees this dynamic as a long-term conviction strategy. It says that when the number of wallets holding at least one million XRP rises while market capitalization declines, it means strong hands are absorbing the panic. Patience beats mere speculative enthusiasm tied to the price, and expectations of future volatility are even more attractive for buyers. In addition, there has been a quantitative increase in daily interactions due to users’ behavior on the network. Active addresses rose from 26,400 in July to 35,700 in August.
$XRP
$JULW.ETF
$FINW.US
#xrp