XRP Whales Surge 280% as Price Struggles Below $1

XRP is facing a tough week as it slips below the key psychological support level of one dollar. While Bitcoin has seen a slight recovery, Ripple has struggled to gain momentum and is now fighting to hold its ground against downward pressure. Data shows that long traders have taken significant losses as the asset continues to test this important price floor.

Despite the price decline, activity among large investors is heating up. On chain data reveals that transactions worth over one million dollars have jumped by 280 percent in the last 24 hours. This spike follows a period where large wallets holding between 10 million and 100 million tokens were actively adding to their positions. The XRP Ledger has also seen a recent surge in active addresses, hitting a multi month high last week.

Market observers are watching these signals closely because the high transaction volume does not confirm whether these whales are buying or selling. While some signs point toward accumulation, increased selling pressure on major exchanges like Binance suggests the battle for the one dollar level remains fierce. Traders should keep an eye on these large movements as they often signal where the asset will head next.