XRP (CRYPTO: XRP) whales are accumulating despite a 30% price decline over seven weeks that has pushed the token toward the critical $1 support level.
Wallets holding at least 10,000 XRP have increased by 16,815, or 5.15%, over nine months, Santiment Intelligence data showed in an X post on Thursday.
The divergence between falling prices and growing large-holder wallet counts as an encouraging signal.
Larger investors may be using the selloff to accumulate XRP while retail traders worry about prices falling below $1.
Three levels could determine XRP’s next move:
- $1.00: Critical support that bulls need to defend.
- $1.10–$1.15: Potential recovery targets if accumulation continues and Bitcoin stabilizes.
- Below $1.00: A breakdown accompanied by declining large-wallet counts could trigger further selling before a potential rebound.
Rising wallet counts do not necessarily confirm that every large holder is increasing their net exposure.
Is Ripple’s Lending Protocol Close To Launch?
The whale accumulation comes as the XRP Ledger’s proposed lending protocol moves closer to activation, potentially allowing XRP holders to earn native yield.
Key amendments have secured 22–23 of the required 29 validator votes, CoinDesk reported.
The approval must hold for two consecutive weeks before activation.
The system would offer fixed-term, uncollateralized loans through on-chain vaults, using off-chain credit checks and first-loss capital to protect depositors.
Developers are also working on additional safeguards, but launch remains dependent on validator approval.
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