XRP price continues to struggle despite whales’ recent accumulation of 72 million tokens, while the chart and derivatives suggest more pain ahead.
Amid the ongoing market uncertainty, the XRP price seems to be struggling. Despite this, whales’ mass accumulation, growing institutional interest, surge in active addresses, and rising whale numbers suggest that a major rally is on the horizon.
However, today, August 14, 2026, the XRP price has declined 1.05% over the past 24 hours and trades at $1.0047. Alongside the price, the asset’s trading volume also declined 17.54% to $1.30 billion, indicating fear among market participants.
Despite the downside move, XRP whales have acquired a massive 72 million tokens over the past 24 hours, as shared by a well-followed crypto analyst on X. The analyst further stated that everyone wants a bull rally in five minutes, but the market doesn’t work that way. The market punishes the impatient and favors those who wait.
Not only that, but wallets holding at least 1 million XRP tokens have surged by 32 over the past three months, while the asset’s price has declined by 29%, as per the analytics tool Santiment.
Additionally, the analytics tool Santiment also shared a report on X stating, “Activity picked up anyway. Active addresses averaged ~35,700 a day in August against ~26,400 through July, up roughly a third, with Aug 11 the busiest day since Jun 5.”
However, the new addresses remain flat near 2,260 a day in August versus 2,270 in July 2026, meaning no significant increase in new users was spotted.
Looking at these developments, XRP appears bullish, but the daily chart tells a different story. Meanwhile, the question remains: is the current level an ideal buying opportunity, or is a correction or a downside move ahead?
According to the TradingView daily chart, XRP's short-term bias appears bearish, as it has broken below the key support of $1.02, which it had been holding since June 2025.
Based on the current price action, if the XRP price remains below the key level, there is a strong possibility of a further downside move of 8.50% and potentially reaching the $0.9210 level. On the other hand, a recovery could only be possible if the asset reclaims the $1.02 level and forms a bullish candlestick pattern above it.
At press, the technical indicator Average Directional Index (ADX) reads 21.05, below the key threshold of 25, indicating a weak directional trend.
Alongside short-term bias, XRP's long-term bias also appears bearish, as the price continues to trade below the 200-day Exponential Moving Average (EMA). This indicates that sellers continue to dominate the asset.
From the derivative side, it appears that traders follow the current market sentiment. According to CoinGlass, the XRP long/short ratio falls below 1 and reads 0.9294, indicating strong bearish sentiment among traders.
At press, the XRP exchange liquidation map shows that $0.996 and $1.02 are the two key levels where traders are over-leveraged. In fact, traders at these levels have built $22.90 million worth of long positions and $25.39 million worth of short positions.
These positions owned by intraday traders suggest that the XRP short-term bias is bearish and sellers are strongly dominating the asset. However, mass accumulation and whales' growing interest hint that XRP has strong long-term potential.
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