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XRP dips below $1 but whales buy 72M tokens amid rising network activity and ETF inflows.

Market News
15 Aug 2026
Blockonomi
View Source
Neutral
XRP dips below $1 but whales buy 72M tokens amid rising network activity and ETF inflows.

XRP briefly fell below $1 for the first time since November 2024 but quickly recovered to around $1.01. Large holders bought over 72 million XRP tokens within 24 hours, signaling possible bullish interest despite technical bearishness with XRP trading below key moving averages. Institutional capital returned with $2.25 million net inflows into XRP ETFs, mainly from Bitwise, while Morgan Stanley disclosed $1 million in XRP holdings. Meanwhile, a security breach drained 200,000 XRP from the Coreum–XRP bridge, prompting a federal investigation and bridge suspension. Network activity hit a two-month high with nearly 50,000 active addresses, suggesting growing on-chain engagement despite bearish social sentiment. Investors are watching upcoming legislation (the CLARITY Act) for potential market impact in September-October.

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