Ripple [XRP] lingered just above the $1 mark, while traders remained divided over its August price direction. Despite this uncertainty, whales withdrew more XRP from exchanges than any other holder group.
As retail traders and other market players remained on the sidelines, could whale accumulation push XRP higher?
XRP whale wallets up their buying activity
Daily outflows across the two largest exchanges, Binance and Coinbase, showed a clear accumulation.
For instance, whale wallets that moved over 1 million XRP tokens from Binance accounted for over 55% of all withdrawals. Similarly, sharks who bought between 100K and 1 million XRP accounted for 24.5%.
On Coinbase, sharks accounted for 55.8% of withdrawals, while whales represented another 15%.
The data from both exchanges showed large holders moved considerably more XRP off exchanges than retail participants.
As a result, the Exchange Supply Ratio fell to 0.03, meaning less XRP was available for immediate selling. That reduced potential sell-side pressure and helped XRP remain above $1 after the $1.06 billion token unlock.
Traders remain divided on XRP’s price direction for August
Despite the whale accumulation, traders on Kalshi remain divided about the altcoin’s direction this month.
The chances of XRP rising above $1.10 were higher at 86%, while the odds of trading above $1.20 were 38%. However, 67% of Kalshi traders think that XRP will be trading between $1 and $1.25 by the end of the year.
On the other hand, there was a 50% chance of falling below $1, and the odds of breaking below $0.90 were 11% in August. There was a 63% chance of having $0.75 as this year’s low.
The price action was in alignment with the bearish bets, with the weekly RSI Divergence hinting at selling. The altcoin was right above $1, with $0.95 as the closest area of interest. This scenario increases the odds of dropping below $0.90.
However, holding the top of the two-and-a-half-year range at $0.95 could weaken that bearish scenario. Such a defense could keep XRP between $1 and $1.25.
Kalshi priced the probability of XRP ending the year above $1.25 at around 39%.
Therefore, XRP could remain below $1.25 despite whale accumulation, with prediction markets and price action favoring a wider range.
Final Summary
- XRP whales accounted for more than 55% of Binance’s daily withdrawals, signaling continued accumulation.
- Kalshi traders largely expected XRP to end 2026 between $1 and $1.25.
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