XRP Whales Stock Up on Tokens Amid Bearish Pressure

XRP whales have been quietly accumulating tokens in recent days, and their latest move has caught attention. According to data from Santiment, a market intelligence platform, XRP whales holding between 1 million and 10 million XRP increased their combined balance by roughly 190 million tokens within 24 hours.

This accumulation comes as bears continue to put pressure on the price of XRP, which has remained below $1. Sellers have successfully defended key levels at $3 in October 2025, $2 in January 2026, and $1.50 in May 2026. The recent decline has seen XRP drop from $1.001 to $0.9925 on August 17.

The timing of the accumulation suggests that these whales may have bought during the move below $1. Following the accumulation spree, the XRP price recovered above the key level, rising nearly 1% to $1.002 on August 17. However, this recovery failed to hold, and prices have since fallen below $1 again.

XRP whales holding between 10 million and 100 million XRP also increased their combined balance from 11.62 billion XRP in mid-June to 12.22 billion XRP currently, representing an increase of about 600 million XRP over the past five weeks.