The XRP price has recently fallen around about US$ 1, creating the weakest day wire collection since November 2024. Despite the downturn, the chain data show that large-scale holders are still buying and the market is therefore reoriented as to whether this round of adjustments will become the starting point for the next rebound.
The whale continues to hold.
According to the chain analyst Ali Martinez, giant whales bought over 72 million XRPs within 24 hours. XRP has lagged behind by about $3.30 since the high point of January 2025, with a cumulative decline of almost 69 per cent. This means that some large households do not choose to leave, but continue to suck in low places.
The Santiago data also show that the number of wallets holding at least 1 million XRP increased by 32 in the last three months to about 2033. According to statistics, by the week of 9 August, large holdings had increased by more than 380 million XRPs, to a total of more than 8 billion, or about $8.2 billion at current prices.
Resurgency on the chain
In spite of the weak prices, the XRP network has increased its dynamism. According to Santiago Statistics, the average daily active addresses of XRP in August were about 357,000, up from 26.4 million in July. August 11 is also the busiest day since June 5.
However, the number of new addresses has remained almost the same, with an average of about 2260 a day, indicating that the increase in the level of activity in this round is mainly from established users rather than from large-scale entry of new funds. At the same time, about 81 per cent of Binance XRP cash flows to private wallets, also indicating that some currency holders are shifting their assets to longer-term storage.
Market focus support
The marketer Diana thinks $0.87 is the next major support. If we continue, the range of $0.77 to $0.80 will become a larger observation area. At the same time, she pointed out that close to 3 billion XRPs were gathered near the $106 dollar, which could be a top pressure.
If supported, the XRP may follow with positions of US$ 1.46, US$ 1.57, US$ 1.97 and US$ 2.37 and then challenge the range between US$ 3.56 and US$ 3.66, i.e., the front height.