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XRP whale wallets grow despite 29% market cap drop, eyeing key support at $0.9917 for recovery.

Technical Signals
12 Aug 2026
AMBCrypto
View Source
Neutral
XRP whale wallets grow despite 29% market cap drop, eyeing key support at $0.9917 for recovery.

Over the past three months, the number of XRP whale wallets increased by 32, even as XRP's market cap fell about 29%. Larger holders expanded their positions during this price weakness, suggesting confidence in long-term value. The XRP Ledger remains relevant for institutional use through stablecoins and payment infrastructure. Technical indicators show XRP testing a critical support level at $0.9917, with potential to recover if it holds and reclaims $1.0391. However, liquidation risks and price pressure around these levels create uncertainty. Continued accumulation by whales and improving network valuation metrics could support a future price rebound if key technical floors hold.

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