XRP (XRP) Price Analysis: Major Whales Accumulate 72M Tokens as ETF Interest Resurges

Key Takeaways

• XRP currently hovers around $1.01, positioned beneath critical moving averages at $1.03, $1.06, $1.08, and $1.31
• Large holders accumulated more than 72 million XRP tokens within 24 hours following the drop under $1
• ETF capital flows reversed to positive territory with $2.25 million in net inflows, primarily driven by Bitwise following a four-day pause
• Approximately 200,000 XRP were stolen from the Coreum–XRP bridge in an exploit, resulting in bridge suspension and federal investigation
• Network participation climbed to a 2-month peak with 49,929 active addresses recorded within a single day

XRP is currently exchanging hands near $1.01 following a brief descent beneath the $1 threshold—the first such occurrence since November 2024. Although the digital asset has regained some ground, it continues facing downward momentum.

The cryptocurrency is positioned beneath all significant moving averages. The 7-day, 20-day, 50-day, and 200-day SMAs are clustered above current prices at $1.03, $1.06, $1.08, and $1.31 respectively, creating a technically bearish configuration.

Trading volume for the 24-hour period registered $885 million, representing a decline from the previous day’s $905 million. Reduced volume combined with a narrow daily price range indicates a lack of strong purchasing commitment at present.

However, the breach below $1 captured the interest of substantial market participants. Large holders acquired over 72 million XRP tokens within a 24-hour window. Aggregate whale positions expanded from 12.09 billion to 12.18 billion tokens between August 12 and August 13.

Market analyst Ali Martinez highlighted this accumulation pattern and raised questions about whether these major players were establishing positions ahead of a potential bullish reversal.

Institutional Capital Makes a Comeback

Institutional participants have re-entered the market. XRP ETF flows reversed course, registering $2.25 million in positive daily net inflows following a four-day period of zero activity. The Bitwise XRP ETF was responsible for the entire inflow amount and maintains its leadership position among XRP ETFs with total cumulative net inflows reaching $512 million.

Morgan Stanley recently revealed $1 million in XRP holdings through a 13F regulatory filing with the SEC, distributed across ETF products from Franklin, Bitwise, and Rex-Osprey. Despite these renewed inflows, XRP ETFs collectively account for just 1.49% of the cryptocurrency’s total market capitalization.

A security incident contributed additional uncertainty to market conditions. The Coreum–XRP bridge suffered a drainage of approximately 200,000 XRP when an attacker exploited the system using a fraudulent deposit to initiate unauthorized withdrawals. The bridge was immediately taken offline and federal authorities were notified.

Network Activity Jumps to Two-Month High

Blockchain analytics platform Santiment reported that XRP registered 49,929 active addresses during a 24-hour measurement period, marking its strongest showing in more than two months. Santiment observed that despite sentiment across social media platforms including X, Reddit, and Telegram hitting a 3-month bearish low, actual on-chain engagement was climbing—a divergence that bullish traders typically interpret as a contrarian indicator.

The support zone at $1.0020 has successfully defended against four distinct tests on the hourly timeframe. Additionally, the TD Sequential indicator has generated a buy signal on the monthly chart, while accumulation data shows over 3 billion tokens have been gathered at this price tier.

Market participants are monitoring September through October as a crucial timeframe for potential price action related to the CLARITY Act, pending legislation that could significantly influence market sentiment based on its final form.

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