XRP Whales Are Accumulating Near $1, But Bears Still Lurk

On chain data reveals that major investors, often called whales, are steadily accumulating XRP near the $1 price level. This quiet buying activity suggests that big players might be positioning themselves for a potential market shift, even as broader sentiment remains cautious.

Despite the accumulation by large holders, the daily chart shows that XRP is still trapped below a death cross. This technical indicator means the short term moving average has dropped below the long term moving average, pointing to ongoing bearish momentum that traders continue to monitor closely.

Market participants are now watching to see if this whale buying pressure can spark a genuine trend reversal. If large holders keep absorbing the available supply, it could set the stage for a stronger push upward once technical barriers finally clear.