XRP News Today: Whales Accumulate 1.7 Billion XRP at Key Support Zone Below $3.13

XRP market dynamics have been shaped by significant whale activity in recent weeks, with key price levels showing signs of strategic accumulation. A total of 1.7 billion XRP tokens were reported to have been acquired by large holders at the $2.81–$3.13 price range, according to on-chain analytics data, creating a critical support zone that may influence the asset’s short-term performance [3]. This accumulation was accompanied by another cluster of 1.05 billion tokens at $3.26, suggesting a potential range-bound scenario with whale support below and resistance above [3].

The ongoing absorption of XRP by whales is seen as a sign of institutional confidence, potentially stabilizing the price and reinforcing legal and market credibility for the token. Whale activity has coincided with market volatility, including a $1.2 billion sell-off on August 8 that was partially absorbed by retail buyers [2]. Despite this, the price remained above $3, with analysts highlighting the importance of the $3.12 and $3.07 levels in determining the near-term trajectory [2].

Further whale activity occurred on August 16, when a 320 million XRP purchase was reported, signaling bullish intent amid uncertainty [5]. This came as the price hovered near $3.09, with analysts divided on whether the move would lead to a sustained rally or merely a short-lived spike [5]. A market analyst from Cryptocurrency Insights noted that the defense of the $2.81 level amid sell-offs was linked to a reported $1.12 billion in whale purchases, indicating the presence of a strong buy wall [1].

While whale activity has reinforced key price levels, broader market sentiment remains mixed. Derivatives trading volume and open interest have declined by 44% and 82%, respectively, signaling reduced speculative activity [3]. This decline suggests that leveraged positions are being unwound, with fewer traders betting on large price swings.

Looking ahead, the $3.13 level has become a critical battleground. If XRP can break through the $3.26 cluster, the path to new highs may open. A breakdown below $3.13, however, could trigger renewed selling pressure. Retail buyers have played a stabilizing role, countering whale-driven sell-offs and providing a buffer against deeper declines [3].

Analysts remain cautiously optimistic but acknowledge that XRP’s rally is largely driven by whale positioning and retail activity, with no strong fundamental developments to support long-term growth. Some projections suggest a potential price target of $3.16 by August 16, assuming a consistent daily growth rate of 0.5%, but these forecasts should be treated as speculative and not as confirmation of actual price movement [4].

The absence of comments from Ripple executives or regulatory bodies like the SEC or CFTC has left the legal implications of the whale activity unclear. Nonetheless, the strategic accumulation at key levels continues to shape XRP’s price action, with the next move likely to be determined by whether these thresholds hold or break [3].

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Source:

[1] AInvest – [https://www.ainvest.com/news/xrp-news-today-xrp-supply-rises-3-billion-whale-accumulation-august-16-unlock-2508/](https://www.ainvest.com/news/xrp-news-today-xrp-supply-rises-3-billion-whale-accumulation-august-16-unlock-2508/)

[2] The Currency Analytics – [https://thecurrencyanalytics.com/altcoins/xrp-price-holds-above-3-as-retail-buying-counters-1-2b-whale-sell-off-191000](https://thecurrencyanalytics.com/altcoins/xrp-price-holds-above-3-as-retail-buying-counters-1-2b-whale-sell-off-191000)

[3] TheTradable – [https://thetradable.com/crypto/xrp-price-prediction-whales-quietly-stack-17-billion-tokens-while-market-sleeps-0--v](https://thetradable.com/crypto/xrp-price-prediction-whales-quietly-stack-17-billion-tokens-while-market-sleeps-0--v)

[5] Yellow.com – [https://yellow.com/news/massive-320-million-xrp-purchase-by-whales-signals-potential-price-surge](https://yellow.com/news/massive-320-million-xrp-purchase-by-whales-signals-potential-price-surge)