XRP's Divergence Problem: Big Money Accumulates While the Chart Bleeds

Large XRP holders have been quietly accumulating tokens despite the coin's downtrend. Since January, they've added 1.23 billion XRP to their positions, pushing combined holdings to approximately 12.2 billion XRP.

The price of XRP has declined significantly, sitting at $1.03 and down 44% year-to-date. This divergence between big money's actions and the market's performance is a recurring theme in the crypto space.

Wallets holding between 10 million and 100 million XRP have been steadily accumulating tokens throughout the drawdown, a pattern consistent with the late stages of a bear cycle, according to CryptoQuant's weekly report from August 10.

Retail sentiment remains cautious, creating a divergence that may either resolve itself or widen further in the coming weeks. The token slipped to an intraday low of $1.01 over the weekend, triggering roughly $9.6 million in forced liquidations of leveraged long positions.