From Coinpedia · By Shubham Vishwakarma
Story HighlightsXRP price is trading near $1.05 after a roughly 30% decline over seven weeks, bringing its critical $1 support into focus.
Wallets holding at least 10,000 XRP have increased to approximately 343,500, signaling continued accumulation despite falling prices.
Large holders reportedly purchased another 65.32 million XRP over four days, raising hopes of a potential recovery.
XRP price is approaching a potential turning point as large investors increase their holdings despite weeks of selling pressure. The cryptocurrency has fallen nearly 30% over seven weeks, pushing its price toward the psychological $1 level. Yet on-chain activity suggests some investors are positioning for a recovery, with whale wallets continuing to accumulate millions of tokens.
Advertisement Could this growing accumulation signal an approaching XRP price reversal, or will broader market weakness keep buyers on the sidelines?
XRP Whale Accumulation Signals Growing Buying Interest
Large XRP holders appear increasingly willing to accumulate during the latest correction. According to figures highlighted by Santiment, the number of wallets holding at least 10,000 XRP has climbed to approximately 343,500, representing an increase of 16,815 addresses, or 5.15%, over nine months.
More recently, large holders reportedly accumulated another 65.32 million XRP over four days, indicating that buying activity has continued despite the token’s declining price. The increase suggests that some market participants see value at current levels rather than waiting for a confirmed recovery.
The more important development will be whether accumulation translates into sustained buying pressure as XRP approaches its critical support.
Why Whale Buying Could Support an XRP Recovery
The latest accumulation comes at a particularly important stage for XRP. After several weeks of declining prices, the cryptocurrency is approaching a region where buyers previously stepped in aggressively. Continued accumulation around this area could help absorb selling pressure and establish a foundation for stabilization.
The growth in large-holder wallets also suggests that investors with substantial XRP exposure have not uniformly abandoned their positions during the correction.
XRP Price Analysis: Can $1 Support Trigger a Reversal?
XRP price is trading near $1.05, testing a crucial demand zone between $1.00 and $1.05 following a sustained decline from the $1.55–$1.60 resistance region. The token has also broken below its previous support near $1.25, leaving the broader technical structure bearish. However, the current demand zone previously attracted buying interest, making it a potential area for stabilization.