XRP Whales Accumulate as Price Hits Fragile Support Levels

Large investors are busy accumulating more than 10 million XRP tokens every day. This shift coincides with exchange supplies hitting their lowest point in seven years, leaving only 1.6 billion tokens available on trading platforms. Despite this shrinking supply, price momentum remains weak, with the asset struggling near the psychological $1.00 mark.

Claude AI recently offered a long term outlook for the asset, suggesting a potential price range of $1.30 to $1.40 by the end of 2026. However, the report highlights that the current market setup is fragile. While futures interest is picking up on Binance, weekly ETF inflows have dropped sharply, falling 93% earlier this month. This suggests that while whales are buying, broader institutional interest is currently cooling.

Washington remains the primary factor for future price action. The Senate delayed the CLARITY Act, pushing potential progress to September. If passed, this legislation could classify XRP as a digital commodity, which many investors view as the key to gaining institutional trust. Without this regulatory clarity, the market continues to react to technical levels rather than fundamental growth.

Technically, XRP sits in a delicate spot. With the RSI at 35.81, momentum is still leaning toward sellers. Traders are watching the $0.99 level closely, as a drop below this point could push the price down to $0.86. Resistance levels are currently clustered at $1.10 and $1.20, leaving the market in a waiting game until September developments emerge.