Overview
- XRP briefly fell below $1 on Aug. 11 and has since traded around $1.00 to $1.01, leaving the token close to a 52‑week low and under multiple moving averages.
- Large holders bought more than 72 million XRP in a concentrated 24‑hour stretch after the dip, expanding aggregate whale holdings and signalling concentrated accumulation.
- Spot XRP ETFs showed modest support with $2.25 million in daily net inflows driven entirely by the Bitwise fund while overall ETF share of market cap remains small.
- Operators took the Coreum–XRP bridge offline after an attacker drained about 200,000 XRP and federal authorities including the FBI were notified, adding operational risk to the market.
- Liquidity is thin: Binance whale inflows fell to their lowest three‑month average since 2021 even as on‑chain activity spiked to roughly 49,929 active addresses, and prediction models assign notable odds that XRP could close below $1 before the Sept. 15 CLARITY Act vote.