XRP News Today: XRP Whales Accumulate $915 Million Amid Market Turbulence

XRP whales have accumulated a significant amount of the cryptocurrency, with over $915 million worth of XRP added to their holdings in just one week. This aggressive buying streak comes despite recent market turbulence and a dip in prices to a local low. The accumulation by whales, who hold between 10 million and 100 million XRP, suggests a strategic positioning ahead of a potential rebound.

Meanwhile, retail participation in XRP has been waning. The number of new XRP addresses has dropped sharply, hitting its lowest level since mid-April. This decline in new user activity, which is often viewed as a proxy for fresh capital inflow and user interest, has decreased nearly 20% from its June peak. This divergence between institutional conviction and broader market sentiment could impact XRP's long-term momentum, regardless of the bullish stance of the whales.

Technical indicators show cautious momentum for XRP. The Chaikin Money Flow stood at +0.11, indicating mild buying pressure likely fueled by whale accumulation. However, the Relative Volume (RVOL) remained low at 0.15, well below the 1.0 level typically seen ahead of major breakouts. While XRP has held steady near $2.19, it hasn't yet drawn the strong trading activity needed to ignite a sustained rally. The groundwork for a rebound may be in place, but without a notable increase in volume, momentum could fade before it gains traction.