XRP whales accumulate 380M tokens as buy signal flashes

XRP whales accumulated roughly 380 million tokens as the Tom DeMark Sequential indicator flashed a buy signal, with the token trading near $1.06 resistance.

"This positioning lowers downside pressure and is consistent with the final phase of the cycle's decline," Julio Moreno, head of research at CryptoQuant, said in the firm's weekly report.

On-chain data shows nearly 3 billion tokens transacted around the $1.06 level, while XRP whale wallets increased holdings by 2.8 percent over five weeks, absorbing tokens sold by smaller investors. New wallet creation reached a three-month high, and exchange data showed stronger participation from large holders than retail traders. XRP was trading near $1.04 on Binance as of 09:52 UTC on Aug. 9, with a market capitalization around $66 billion.

A monthly close above $1.06 could trigger a rally toward $1.35 and $1.64, while immediate support sits at $1.04, with $0.9167 and $0.8358 below. The 50-day exponential moving average sits below the 200-day, forming a death cross, and the relative strength index reads 39.5, approaching oversold territory. XRP has fallen from around $2.20 in early 2026 into a long, flat range near $1.

The accumulation pattern extends beyond XRP. CryptoQuant data shows the largest cohorts of Bitcoin and Ethereum are also adding supply as prices sit near or below average purchase costs. For XRP specifically, spot order sizes remain in "big whale" territory even as the token holds the $1.00-$1.20 band, while the 90-day taker cumulative volume delta has drifted to neutral, pointing to quiet absorption rather than aggressive selling.

The divergence between whale and retail behavior is notable. XRP whale wallets have continued removing tokens from exchanges while smaller holders reduce exposure, limiting immediate selling pressure. CryptoQuant cautioned that accumulation alone does not guarantee an imminent price rally, and XRP continues to face important technical resistance levels.

The token has also benefited from improving regulatory clarity in the United States. Lawyer Bill Morgan suggested XRP already meets the criteria to be classified as a digital commodity under the proposed CLARITY Act, which requires no single entity to own 20 percent or more of the token and includes governance conditions.

Meanwhile, Ethereum has entered a period of weakening sentiment after a strong run earlier in the summer. Spot Ether exchange-traded funds recently recorded several sessions of net outflows after weeks of sustained inflows, while on-chain indicators point to increasing realized losses among short-term holders. The contrasting behavior illustrates how capital is rotating within the digital asset market rather than exiting the sector entirely.

For XRP, the immediate test is whether the token can close above the $1.06 resistance level on a monthly basis. A daily close back above the 200-day EMA around $1.12 would be the first real signal that accumulation is paying off. The average directional index reads 10.4, indicating no strong trend powering the move, with volatility compressed rather than expanding.

This article is for informational purposes only and does not constitute investment advice.