XRP Price Forecast Amid Accumulation by Large Holders
XRP Price Forecast Amid Rising Accumulation by Large Holders
On August 12, XRP's price increased by 1.36% to $1.01, recovering after briefly dropping below the $1 support level the previous day. Data indicates that despite weak price momentum, activity from large holders (whales) and active addresses is growing.
Santiment data shows a net increase of 32 wallets holding over 1 million XRP over three months, starting May 2026. This accumulation suggests a transfer of supply from weak to strong hands. While large investors bought, retail selling contributed to a 29% decline in XRP's market cap over the same period.
Concurrently, the number of active XRP addresses surged 84% from August 1 to August 11. This network activity rise occurs ahead of an XRP Ledger update expected to boost DeFi usage and despite a low 22% probability of the CLARITY Act passing in 2026, creating a bullish divergence.
Technically, XRP's drop below $1 on August 12 marked a 20-month low, with the RSI at 37 favoring bears. Further sell pressure could push the price down to the $0.85 Fibonacci level. However, analysts note XRP may be oversold after a 71% decline from July 2025. A strong uptrend would require overcoming resistance at the $1.20 Fibonacci level.
Separately, the Coreum bridge connecting to the XRP Ledger was hacked for $200,000 worth of XRP, exploiting a deposit verification flaw. The Ripple community confirmed the XRP Ledger itself remains secure.
cryptonews.ru08/12 21:02