XRP Whales Step In as Price Recovers to $1.01 Amid Institutional Inflows

XRP's price briefly dipped below $1 for the first time since November 2024 but quickly recovered to around $1.01.

During this brief dip, large holders bought over 72 million XRP tokens within 24 hours, signaling possible bullish interest despite technical bearishness with XRP trading below key moving averages.

Institutional capital returned with $2.25 million net inflows into XRP ETFs, mainly from Bitwise, while Morgan Stanley disclosed $1 million in XRP holdings.

A security breach drained 200,000 XRP from the Coreum, XRP bridge, prompting a federal investigation and bridge suspension.