Overview
- XRP briefly fell below the $1 mark then recovered to about $1 on Sunday, testing a psychological support that has held since November 2024.
- Large holders bought more than 72 million XRP in a 24‑hour span, lifting whale balances even as the three‑month average of whale inflows to Binance slid to about $61 million.
- Spot XRP ETFs posted a small daily net inflow of roughly $2.25 million led by Bitwise while 13F filings show only modest institutional exposure such as Morgan Stanley’s disclosed $1 million position.
- A Coreum–XRP bridge was exploited for around 200,000 XRP, the bridge was taken offline and the FBI was notified, introducing an operational risk that traders say can amplify price swings.
- Analysts and AI models now assign elevated odds of another test below $1 before a likely mid‑September CLARITY Act vote, with a sustained recovery hinging on renewed spot demand or stronger institutional buying.