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Crypto

XRP Price Rally Hopes Sparked by Whale Accumulation

Guavy AI Editorial Team
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XRP
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XRP's price has been hovering around $1, but whale activity is sending mixed signals. While XRP recorded its weakest daily close since November 2024, large holders are continuing to accumulate, raising questions about whether this correction could be setting up XRP's next rally.

On-chain data shows that whales bought over 72 million XRP in just 24 hours, with more than 380 million added in the week ending August 9. This accumulation has taken large holders' combined balances above $8.2 billion at current prices.

The rise in whale activity is not limited to one day, with wallets holding at least 1 million XRP increasing by 32 over the past three months to around 2,033.

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